War in the Middle East could have really serious consequences

According to Svein Tore Holseter, fertilizer manufacturers and their customers are already "closely monitoring" the risks in the Strait of Hormuz area.

What is important to understand is that 40% of the world's urea volume and 20% of the world's liquefied natural gas pass through it.

Yara CEO warns that any disruptions could affect global product production.

Against this backdrop, the recent closure of Israeli gas fields, which disrupted fertilizer production in Egypt, cannot be ignored.

It is these unexpected changes that can affect supply chains.

In addition, it is noted that more than a fifth of global urea production has been halted due to conflict and supply disruptions.

Iran has closed all ammonia plants for security reasons, and Egypt remains cut off due to the cessation of Israeli gas supplies.