Let's start with Iran. The closing of the Strait of Hormuz has ongoing. The. The ongoing hostilities across the Middle east have sent input prices through the roof. Urea is up 50%. Ammonia and diamonium phosphate are up 20% each. Diesel, of course, has soared 35 to 50%. Strangely, even though everyone else is suffering from all of this, the big oil companies announced that they're raking in record profits. That's war profiteering, if you ask me, and it's got to stop. (02:24–02:35)
CLAIM
Asserts specific percentage increases in prices of urea, ammonia, diamonium phosphate, and diesel.
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