TFI: Strait of Hormuz Closure & Impacts to Fertilizer - The Fertilizer Institute https://share.google/4mGAgmmC0AsmPDVLG
The Fertilizer Institute
TFI: Strait of Hormuz Closure & Impacts to Fertilizer - The Fertilizer Institute
As TFI has shared before, the fertilizer market is global and highly integrated. Supply disruptions in one part of the world can ripple across the trade routes and affect availability and price in other regions. While the United States is both a fertilizer…
REPORT:
Oil tankers and cargo ships are turning off their transponders (sailing "dark") across the Straight of Hormuz, avoiding detection from potential hostile attacks
The U.S. has announced that Naval ships will provide escorts to key assets "as soon as reasonably possible," and with President Trump announcing that the U.S. Development Finance Corporation (DFC) will immediately provide political risk insurance and reinsurance for all maritime trade [Bypassing the Lloyd’s of London], especially energy shipments through the Strait of Hormuz, this should help restart shipping and eventually oil prices should drop.
Oil tankers and cargo ships are turning off their transponders (sailing "dark") across the Straight of Hormuz, avoiding detection from potential hostile attacks
The U.S. has announced that Naval ships will provide escorts to key assets "as soon as reasonably possible," and with President Trump announcing that the U.S. Development Finance Corporation (DFC) will immediately provide political risk insurance and reinsurance for all maritime trade [Bypassing the Lloyd’s of London], especially energy shipments through the Strait of Hormuz, this should help restart shipping and eventually oil prices should drop.