Gulf straits are open. Well, that's the, that's the short term real answer. Well, yes and no, Stuart, because here's why. Hormuz is only a part of the problem. Under the Biden administration, fertilizer prices were actually higher than they are today. And listen, I'm not here to say don't worry, it's going to be okay. Fertilizer prices today are too high. But this is a result of China basically restricting their exports on fertilizer. (02:11–02:16)
CLAIM
Asserts that fertilizer prices were higher under the Biden administration than they are currently.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
