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Fertilizers

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Iran Conflict Clouds U.S. Prices From Gas Pumps to Jet Fares
business16 days ago

Iran Conflict Clouds U.S. Prices From Gas Pumps to Jet Fares

With the Strait of Hormuz effectively closed amid the Iran-Israel-U.S. conflict, global oil shortages are lifting U.S. gasoline and diesel costs, potentially driving up groceries as trucking and manufacturing costs rise; fertilizer and helium supplies are strained, impacting agriculture and tech sectors; jet fuel has more than doubled, squeezing airlines and lifting airfares, while mortgage rates rise (about 6.22%), adding headwinds to the spring housing market.

Oil shock risks choking AI gains, WTO warns
world-economy22 days ago

Oil shock risks choking AI gains, WTO warns

The WTO warns that a prolonged oil-price shock from the Middle East conflict could curb the AI boom since AI investment is energy-intensive, potentially shaving about 0.5 percentage points from global goods trade growth and risking food security if energy and fertiliser costs stay elevated; 2025 still saw 4.6% goods trade growth driven by Asia and North American AI investment, but the outlook calls for growth to slow to about 1.9% in the absence of shocks.