In retaliation for the U.S. strike on its nuclear sites, the Iranian parliament voted to close the Strait of Hormuz. Over 20 percent of the oil worldwide is shipped through this narrow waterway. If oil is the target, StoneX Fertilizer Specialist Josh Linville said urea fertilizer will be “the innocent bystander caught up in the fight.” The decision to close the Strait of Hormuz now belongs to the Iranian Security Council. Linville said the fertilizer industry will be closely monitoring the situation.
