Kathmandu. The Iran-Israel war is driving up the price of crude oil and gas around the world. The war has had a significant impact on the supply of crude oil through the Strait of Hormuz. The price of crude oil has gone up. Which has hampered the transportation. Experts see another area as a major threat. <\/p>\n
According to experts, the real long-term danger is not just oil or gas, but fertilizer. Experts say the disruption of fertilizer supplies due to the war could lead to a major crisis. This could lead to a decline in food production and an increase in prices in the coming months. \u2019<\/p>\n
A major fertilizer supply center in the Bay Area<\/strong><\/span><\/p>\n }<\/p>\n Many West Asian countries such as Saudi Arabia, Qatar, Oman and the UAE are major suppliers of urea, sulphur and ammonia to the world. Iran itself is the world’s third-largest producer of ammonia. It is used in the production of nutrients needed for crops. <\/p>\n Direct impact on agriculture<\/strong><\/span><\/p>\n }<\/p>\n If the Iran-Israeli war continues for several months, both fertilizer production and transportation in the Gulf region could be affected. According to the Economic Times, this will have a direct impact on global agriculture, especially at a time when farmers are preparing to plant new crops. As a result, food production may also decline in the coming months. <\/p>\n Market turmoil leading to war<\/strong><\/span><\/p>\n }<\/p>\n Urea prices have risen sharply in the Middle East. The price of ammonia in Europe has reached about $725 per tonne. Production has decreased in many factories. Transportation routes have become unstable. <\/p>\n Bad news from <\/strong>{<\/span><\/p>\n Russia is the world’s largest exporter of fertilizers. Experts say even this cannot fully meet the Middle East’s shortages due to its limited production capacity. In addition, China’s ban on phosphate exports and reduced sulfur production in Qatar have further tightened global supplies. <\/p>\n Food crisis will worsen<\/strong><\/span><\/p>\n According to experts, a large part of global crop production depends on nitrogen and phosphate-based fertilizers. If supplies are cut off for long periods of time across the Strait of Hormuz, farmers will use less fertiliser or grow crops that yield less. This could lead to lower crops and higher food prices within a few months. This means disruptions in fertilizer supplies could worsen the global food crisis. As a result, there will be a risk of food prices going up. \u2013Agency<\/p>\n","protected":false},"excerpt":{"rendered":" Kathmandu. The Iran-Israel war is driving up the price of crude oil and gas around the world. The war has had a significant impact on the supply of crude oil through the Strait of Hormuz. The price of crude oil has gone up. Which has hampered the transportation. Experts see another area as a major […]<\/p>\n","protected":false},"author":16,"featured_media":290017,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45044,45159],"tags":[],"class_list":["post-290019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/290019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=290019"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/290019\/revisions"}],"predecessor-version":[{"id":290020,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/290019\/revisions\/290020"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/290017"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=290019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=290019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=290019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}