The fertilizer trade as it relates to the Iran war and the Strait of Hormuz is really three trades pointed in different directions.

Source: [MarketWatch](https://www.marketwatch.com/story/the-iran-war-sent-investors-into-fertilizer-stocks-but-heres-the-china-risk-everyones-missing-7be93b9d?mod=mw_rss_topstories)

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