# fertilizers

Beyond Oil: How a Protracted Iran Conflict Could Fracture Global Commodity Supply Chains

Bank of America’s analysis finds that a protracted Iran‑related conflict would ripple well beyond crude markets, hitting refined fuels, aluminium, fertilizers, copper and gas flows. The duration of disruption—especially to traffic through the Strait of Hormuz—determines whether price shocks remain manageable or trigger stagflation and deep commodity divergence.