Escalating tensions between Iran and Israel have reignited concerns about global energy and input flows through the Middle East, placing renewed geopolitical stress on one of the world’s most critical shipping routes – the Strait of Hormuz. Iran’s parliament voted June 22 in favor of closing the strait following U.S.- and Israeli-military airstrikes. Although tensions appear to have temporarily eased, the situation remains volatile. Disruptions to petroleum and fertilizer shipments could resume with little warning.
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Daniel Munch
Daniel Munch is an associate economist with the American Farm Bureau Federation’s Market Intel. Visit www.fb.org/market-intel for more information.





