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7.2
Hormuz Strait traffic hits record low amid Middle East escalation
N1 BosniaLO·IR · AE · SA·3 days ago
Fertilizer prices have surged 12% since the start of the Middle East conflict, reaching an all-time high of US$806.58/ton. The escalation threatens global food supply chains, particularly for import-dependent regions. The exact mechanism—whether supply disruption or risk premium—remains unclear.
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