Farmers around the world are feeling the squeeze of the Iran war. Gas prices have shot up and fertilizer supplies are waning due to Tehran’s near shutdown of the Strait of Hormuz in retaliation for U.S. and Israeli bombing.
Iran is seriously limiting shipments through the Strait of Hormuz, a narrow passage that usually handles about a fifth of the world’s oil shipments and nearly a third of global fertilizer trade.
Canadian farmers are also bracing for higher costs and warning consumers could soon feel the impact at the checkout line.
