08 Jun 2026

00:26

  • Bitumen 60/70

    438$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.8%

  • Bitumen 60/70

    438$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.8%

  • Bitumen 60/70

    418$

    +

    -

    15$

    FOB Bandar Abbas - Jumbo Bag

    -1.9%

  • Bitumen 60/70

    408$

    +

    -

    15$

    FOB Bandar Abbas - Flexitank

    -1.2%

  • Bitumen VG10

    429$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.9%

  • Bitumen VG30

    430$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.9%

  • Bitumen VG40

    432$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.9%

  • Bitumen C170

    433$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.8%

  • Bitumen C320

    432$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.9%

  • Bitumen AH70

    422$

    +

    -

    15$

    FOB Bandar Abbas - Jumbo Bag

    -1.9%

  • Bitumen PG 76-10

    610$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.3%

  • Bitumen 200/300

    428$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.9%

  • Bitumen Oxidized 115/15

    392$

    +

    -

    15$

    FOB Bandar Abbas - Carton 25KG

    -2.0%

  • Bitumen Oxidized 105/15

    392$

    +

    -

    15$

    FOB Bandar Abbas - Carton 25KG

    -2.0%

  • Bitumen Oxidized 85/25

    394$

    +

    -

    15$

    FOB Bandar Abbas - Carton 25KG

    -2.0%

  • Bitumen Oxidized 95/25

    394$

    +

    -

    15$

    FOB Bandar Abbas - Carton 25KG

    -2.0%

  • Bitumen Emulsion CRS-1

    576$

    +

    -

    15$

    FOB Bandar Abbas - Reconditioned Drum

    -1.4%

  • Bitumen Emulsion K1-60

    576$

    +

    -

    15$

    FOB Bandar Abbas - Reconditioned Drum

    -1.4%

  • Bitumen Emulsion CRS-2

    619$

    +

    -

    15$

    FOB Bandar Abbas - Reconditioned Drum

    -1.3%

  • Bitumen Cutback MC70

    630$

    +

    -

    15$

    FOB Bandar Abbas - Reconditioned Drum

    -1.3%

  • Bitumen Cutback MC30

    645$

    +

    -

    15$

    FOB Bandar Abbas - Reconditioned Drum

    -1.2%

  • Bitumen Cutback MC250

    616$

    +

    -

    15$

    FOB Bandar Abbas - Reconditioned Drum

    -1.3%

  • HSFO CST 180

    571$

    +

    -

    5$

    FOB Bandar Abbas - Bulk

    -2.6%

  • HSFO CST 380

    567$

    +

    -

    5$

    FOB Bandar Abbas - Bulk

    -3.0%

  • HSFO CST 180

    616$

    +

    -

    5$

    FOB Singapore - Bulk

    -2.6%

  • HSFO CST 380

    612$

    +

    -

    5$

    FOB Singapore - Bulk

    -2.9%

  • Crude Oil Dubai

    102.56$

    +

    -

    5$

    FOB UAE - Bulk

    2.5%

  • Crude Oil WTI

    94.93$

    +

    -

    5$

    Texas - Bulk

    2.1%

  • Crude Oil Brent

    97.56$

    +

    -

    5$

    London - Bulk

    2.6%

The Iran War Could Trigger a Global Fertilizer Shock

codarx

codarx

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Update date: 2026/05/18

The loss of fertilizer shipments coming from the Persian Gulf as a result of the Iran war got me thinking about the chemist Justus von Liebig, a prominent 19th-century proponent of the mineral theory of plant nutrition. Liebig is the popularizer of what is now known as Liebig’s Law of the Minimum. The law states that the least available essential nutrient limits the growth of plants. This means once a grower runs out of one essential nutrient, adding extra of others will not make up for the lack of the one that is limited. Liebig’s eponymous law…

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