Only 5 fertilizer vessels exited the Gulf

27/03/2026

Since February 28, 2026, only 5 fertilizer vessels have exited the Persian Gulf; the Gulf accounts for ~25% of global nitrogen fertilizer exports, generating a buildup of inventory with no clear exit, pushing global prices upward (Darragh & Bhanu, Kpler, 2026).

Darragh, M., y Bhanu, I. (2026). The Strait of Hormuz blockade: what it means for grain and food security. Kpler.