A statement published by the FAO press office indicates that the organization’s Chief Economist, Máximo Torero, also warned of the repercussions on agricultural production and global markets due to the disruption of this trade corridor, a consequence of the conflict waged by the United States and Israel against Tehran.

In statements released by the FAO, Torero noted that, as a result of the escalation of the conflict, tanker traffic through the Strait of Hormuz has plummeted by more than 90 percent. He emphasized that disruptions in sulfur supply could cripple global phosphate fertilizer production, even in major producing countries, the economist warned.

Given that natural gas is the primary raw material for nitrogen fertilizers, high energy prices are expected to put upward pressure on the costs of these products, which are essential for agricultural development, growth, and yield.

FAO projections indicate that global fertilizer prices could rise by an average of 15 to 20 percent during the first half of 2026 if the crisis persists, meaning that “farmers face a double blow, with more expensive fertilizers and increased fuel costs.”

The increase in oil and gas prices “affects the entire agricultural value chain, including irrigation and transportation,” he stated, adding that the duration of the crisis will determine the magnitude of its global impact.

The FAO advises that, in the medium term, countries should diversify their fertilizer import sources, strengthen regional reserves, and avoid export restrictions, while in the long term, they should invest in sustainable and input-efficient agriculture, the source adds.

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