Hormuz Closure Cuts Seaborne Sulfur Exports by a Third and Reroutes the Global Fertilizer Trade
Oil and LNG get the headlines, but the Gulf also ships a large share of the world's fertilizer and the raw materials used to make it. About a third of global seaborne fertilizer trade passes through the Strait of Hormuz. Qatar, Saudi Arabia, the UAE, Oman and Iran are big…