Oil jumps 10% on Iran conflict
www.channelnewsasia.com

... Brent crude jumped 10 per cent to about US$80 a barrel over the counter on Sunday (Mar 1), oil traders said, while analysts predicted that prices could climb as high as US$100 after United States and Israeli strikes on Iran plunged the Middle East into a new war. ...

Attack on Iran Could Disrupt Global Fertilizer Markets
www.agriculture.com

... Agri-Pulse's Kim Chipman and Oliver Ward reported that "a prolonged military conflict in the Middle East could potentially upend key commodity markets due to Iran's control of the Strait of Hormuz, one of the world's most important trade routes.

America's crop growers could see fresh price spikes for inputs like fertilizer while battling a multi-year downturn in profitability, experts warned ahead of the attack."

"Prior to the attack over the weekend, certain fertilizer prices were near historic highs for this time of year, said Josh Linville, vice president of fertilizer at StoneX," Chipman and Ward reported.

"A military conflict 'could be devastating' for the global nitrogen and phosphate markets, Linville said in a note late last week prior to strikes on Iran by the U.S. and Israel.

'If that strait shuts down, the world will focus on oil/gas/energy impacts, however, it would have a massive impact on nitrogen and phosphate values,' he said." ...