Ryan Denis warns Iran war drives up fertilizer and grocery costs

6 articles · Updated · Bloomberg · Apr 24

Speaking to financial regulators, Alberta-based strategist Ryan Denis highlighted that Gulf region disruptions threaten fertilizer supplies, with the Strait of Hormuz previously handling a third of global trade before the conflict.
Persisting supply-chain issues may force farmers to reduce fertilizer use, risking lower crop yields and higher food prices. Rising input costs are also affecting fuel, packaging, metals, and Chinese exports.
Economists now estimate US inflation at 3.6% for Q2. The Iran war’s human toll has reached thousands killed and tens of thousands wounded, with economic impacts expected to broaden if the conflict continues.

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