China's Role in Iran Conflict and Global Fertilizer Supply Issues

Financial outlets frame the Iran war as a combined energy and fertilizer shock that is feeding through to food, transport and consumer prices. They point to G7 crisis talks, India’s warnings on growth and deficits, and surging Australian coal shares as signs that governments and markets are scrambling to adjust. Many expect further volatility in stocks, commodities and currencies as long as Hormuz disruptions and fertilizer shortages threaten agriculture and restaurant supply chains.

• •G7 countries are holding crisis talks as the Iran war roils the global economy.
• •India has flagged slower growth and a wider deficit because the Iran war raises energy costs.
• •Australian coal shares have surged as the Iran war deepens the global energy crunch.
• •Hormuz disruptions are pushing up global agriculture prices by raising fuel and shipping costs.
• •The Iran war is hurting both restaurant demand and supply, squeezing the food service industry.