The war in Iran has caused the price of urea—the world’s most widely used fertilizer—to skyrocket by 74.67%
The war that the United States and Israel started against Iran caused the price of urea, the fertilizer that farmers use the most globally, to increase by 74.67 percent.
According to the World Bank (WB), a ton of urea, a fertilizer made in the Persian Gulf countries, was worth $725.60 as of March 31, 2026, compared to $415.40 at the beginning of the year.
Due to the conflict between Russia and Ukraine, the price of urea reached a record high of $846.4 in the first half of 2022.
Approximately one-tenth of the world’s urea production is exported from Qatar each year—between 5 and 6 million tons—which could cause shortages in the world’s nitrogen markets.
According to Kelly Xu, the conflict has seriously disrupted Iran’s urea and ammonia manufacturing.
Partial production reductions are being faced by other Persian Gulf producers, but there are more negative consequences «if shipping through the Strait of Hormuz remains restricted.»
