TEHRAN is moving to restrict – or effectively close – the strait of Hormuz to shipping, as part of the latest escalation in the war involving Iran. Markets have reacted to the global impact of closing this incredibly busy shipping channel, focusing on the risk to oil and gas flows, the prospect of higher crude … The post How Iran war risks global fertiliser shock, raise food prices first appeared on Daily News . The post How Iran war risks global fertiliser shock, raise food prices appeared first on Daily News .