Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Fertilizer Ships Face Long Backlog Even If Hormuz Reopens
Business & Finance

Fertilizer Ships Face Long Backlog Even If Hormuz Reopens

Fertilizer Ships Face Long Backlog Even If Hormuz Reopens
Bloomberg Markets Monday 15 June 2026, 12:45 UTC By Eleanor Thornber 1 min read
Key Points

Fertilizer Ships Face Long Backlog Even If Hormuz Reopens An interim US-Iran deal to end their months-long war and potentially fully reopen the Strait of Hormuz is unlikely to immediately ease fertilizer flows as shipowners wait for more details to assess the safety of transits. A vital conduit for global commodity trade, Hormuz has been effectively closed since the first strikes on Iran at the end of February. Even once there is more clarity on the resumption of trade through the waterway,...

Fertilizer Ships Face Long Backlog Even If Hormuz Reopens An interim US-Iran deal to end their months-long war and potentially fully reopen the Strait of Hormuz is unlikely to immediately ease fertilizer flows as shipowners wait for more details to assess the safety of transits. A vital conduit for global commodity trade, Hormuz has been effectively closed since the first strikes on Iran at the end of February. Even once there is more clarity on the resumption of trade through the waterway, market watchers expect movement of the crop nutrients to be gradual as hundreds of vessels stranded in the region — carrying a variety of cargo — compete for access.
Hormuz Reopens Fertilizer Ships Face Long Backlog (ORG) Hormuz Reopens (PERSON) US (LOCATION) Iran (LOCATION) the Strait of Hormuz (LOCATION) Hormuz (LOCATION)
Originally published by Bloomberg Markets Read original →

Related Stories

Even Nvidia is joining the AI borrowing spree, with a historic $20 billion bond deal

Nvidia is launching a seven-tranche debt offering to refinance its existing debt, as investor appetite for AI credit surges.

MarketWatch 14m ago

Industrials Stocks Erase War Selloff, Hit Record on US-Iran Deal

Industrials Stocks Erase War Selloff, Hit Record on US-Iran Deal Shares of large US industrial companies jumped to a record Monday after the US and Iran said an interim peace deal was reached, raising hopes that the energy crisis threatening manufacturers’ and transportation firms’ profits will recede. The S&P 500 Industrials Index rose as much as 2.1% to 1,519.18 as news of the agreement fueled broad optimism in the US equity market, topping the previous intraday high of 1,514.96 set on...

Bloomberg Technology 19m ago

Nuveen Private Bond Chief Scoops Up AI’s ‘Picks and Shovels’

Nuveen Private Bond Chief Scoops Up AI’s ‘Picks and Shovels’ Data centers and computing chips are all the rage in global credit markets right now, but Nuveen LLC’s Laura Parrott is more excited about the “boring, plain vanilla” infrastructure on the outskirts of AI that will benefit regardless of how the technology pans out. The firm’s head of private fixed-income is finding opportunities for her roughly $75 billion investment-grade portfolio in energy and utilities-focused credits,...

Bloomberg Markets 19m ago

Switzerland-France feud erupts over G7 security costs

That’s the message from Swiss authorities who are furious that they are being stuck with the bill for policing tens of thousands of protesters railing against a G7 summit taking place in neighboring France. The Group of 7 leaders’ summit, which starts Monday, is happening just over the border in the French resort town of Evian-les-Bains, where leaders including Emmanuel Macron and Donald Trump will be discussing global trade imbalances and how to end the war in Ukraine. But many of the...

Politico EU 19m ago