RoozGozin70% Decrease in Chemical Fertilizer Exports in West Asia and Economic Costs of the Strait of Hormuz Crisis
Reports indicate a 70% reduction in chemical fertilizer exports in West Asia due to the war by the U.S. and Israel against the Islamic Republic, with Turkey's Foreign Minister pointing to the economic impacts of the Strait of Hormuz crisis.
Importance: 70 of 100
According to reports, the military conflict by the U.S. and Israel against the Islamic Republic of Iran has led to a 70% decrease in chemical fertilizer exports in West Asia. Turkey’s Foreign Minister stated that the crisis in the Strait of Hormuz has imposed heavy economic costs on the global economy.
- Source: Press TV and Tasnim, October 23, 2026