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Strait of Hormuz closure to cause major upheaval in fertilizer market — Dmitriev

The head of the Russian Direct Investment Fund stressed that possible disruptions to shipping in the strait’s waters could have significant consequences for commodity markets and put pressure on the global agricultural sector

MOSCOW, March 3. /TASS/. Russian President’s Special Representative for Investment and Economic Cooperation with Foreign Countries and head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev believes that closing the Strait of Hormuz would lead to major disruptions in the global fertilizer and agricultural markets.

Citing statistical data, Dmitriev said that a significant share of global flows of key components for fertilizer production passes through this route. In particular, about 44% of global sulfur trade, around 31% of urea, 18% of ammonia, and 15% of phosphates are linked to logistics through this region.

"The fertilizer and therefore agriculture markets are heavily affected by the Strait of Hormuz," Dmitriev wrote on his page on the social network X.

He stressed that possible disruptions to shipping in the strait’s waters could have significant consequences for commodity markets and put pressure on the global agricultural sector.

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Pentagon Chief says US didn't start the conflict with Iran

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Russian oil and gas are not supplied through Strait of Hormuz — experts

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According to the latest figures, the Ukrainian army lost roughly 1,260 troops in battles with Russian forces in all the frontline areas over the past 24 hours

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Iran vows retaliation after Khamenei’s death, dismisses US nuclear accusations as lies

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Most of the projectiles were launched in the direction of the southern parts of Israel and Tel Aviv

British Akrotiri base in Cyprus damaged by drone strike — Cyprus Mail

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Ukrainian strikes damage over 130 residential houses in Belgorod over past week — mayor

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Iran targets German bases in Jordan, Iraq — magazine

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The US special presidential envoy said that Washington has the right to stop Tehran

Russia’s small missile ship Burya test-fires Pantsir-M missile system in Baltic Sea

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Qatar Energy also announced the suspension of liquefied natural gas production in connection with Iran’s air strikes

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The current development of events "also threatens the security of many Arab states, with which Russia maintains friendly relations," according to the Russian side

Japanese PM Takaichi abstains from legal assessment of military strikes against Iran

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Israeli operation against Iran may continue until April — radio

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Chairman of the Joint Chiefs of Staff Dan Caine noted at the same press conference that the campaign is not a short one either

The dissenters appeared inside the United Russia Party

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Bank of Russia challenges regulation that blocks transfer of assets before EU court

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Russia calls for urgent ceasefire by all parties in conflict around Iran — MFA

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Britain, France and Germany to develop long-range missiles — Macron

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There were no reports on casualties among civilians

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Durov’s fortune loses $2.24 bln in February 2026 — Bloomberg

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Strait of Hormuz closure to cause major upheaval in fertilizer market — Dmitriev

The head of the Russian Direct Investment Fund stressed that possible disruptions to shipping in the strait’s waters could have significant consequences for commodity markets and put pressure on the global agricultural sector

US stock market opens in decline amid Middle East escalation

As of 17:30 Moscow time, the Dow Jones Industrial Average — the main indicator of business activity in the US — fell by 1.08% to 48,447.52 points

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