Muted reaction in fertilizer markets to Strait of Hormuz reopening

Fertilizer market participants reacted with caution to the announcement by Iran’s Foreign Minister April 17 that the Strait of Hormuz is now “completely open” for all commercial vessels. “In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire, on the coordinated route as alreadyFertilizer market participants reacted with caution to the announcement by Iran’s Foreign Minister April 17 that the Strait of Hormuz is now “completely open” for all commercial vessels. “In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire, on the coordinated route as alreadyRead More