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How does the Iran war affect fertiliser supplies, prices and food security? - Reuters

What happened

Military tensions involving Iran have escalated with strikes on energy infrastructure and the reported death of Iran's intelligence minister in an Israeli strike. Oil prices have surged past $110 per barrel as Iran threatens decisive retaliation. The conflict is affecting global markets, with concerns emerging about fertilizer supplies and food security.

Why people care
The escalating situation threatens global economic stability through energy market disruption and potential await-start-of-massive-exxon-qatarenergy-plant-in-us-as-iran-war-hit.html" class="story-link" title="Gas Traders Await Start of Massive Exxon, QatarEnergy Plant in US as Iran War Hi">supply chain impacts on essential goods like fertilizers. Regional powers including Saudi Arabia and Pakistan are considering defensive measures, while central banks are adjusting monetary policy expectations due to inflationary pressures.
The takes
Defense officials say

US Defense Secretary Hegseth maintains that Washington is successfully meeting its strategic objectives regarding Iran. Military assessments suggest the campaign is proceeding according to plan despite the escalating nature of the conflict.

Regional allies warn

Saudi Arabia's Foreign Minister has stated that regional patience with Iran is not unlimited, emphasizing significant defensive capabilities. There are discussions about activating defense agreements with Pakistan if the situation continues to deteriorate.

Sources
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