A view of the straight of Hormuz and Persian Gulf region.  Photo: Getty Images Plus

Crude price may have topped says analyst

Reading Time: 2 minutes Any chance of crude oil prices skyrocketing higher became less likely on March 9, said Phil Flynn, senior market analyst at the Price Futures Group in Chicago. Flynn based that on the assumption that Iran’s military capabilities are declining quickly.









Tankers sit at anchor near the Strait of Hormuz. Disruptions in this vital trade route, combined with export caps in Russia, have severely constrained global supply, forcing Canadian farmers to face significantly higher fertilizer prices just as planting begins. Photo: Reuters/Amr Alfiky/file

Fertilizer markets tighten as Russian exports hit capacity limits

With Russian output constrained by infrastructure and domestic obligations, growers facing long-term supply crunch

Reading Time: 2 minutes Fertilizer producers in Russia, the world’s largest exporter, will not be able to make up for a potential global shortfall linked to the U.S.-Iran conflict as their ability to boost supply is constrained, industry sources told Reuters.



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