Beyond its impact on oil, a potential Iran conflict poses a significant threat to Asia's food security. The ongoing planting season in the region is now jeopardized by disruptions to fertilizer supply. These disruptions are attributed to the potential closure of the Strait of Hormuz and existing Chinese restrictions, highlighting a critical agricultural vulnerability.

Planting season is beginning in Asia - but the closure of the Strait of Hormuz and Chinese restrictions has hit fertiliser supply.