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The rapid decline in urea prices this round closely aligns with the market’s growing expectations for the reopening of the Strait of Hormuz. As one of the world’s most important shipping routes, the arrangement for the Strait of Hormuz is a core element in the negotiations between the US and Iran to end the current conflict. The Middle East itself is one of the world’s main urea production regions. Urea, a widely used synthetic nitrogen fertilizer in agricultural production, is highly dependent on the smoothness of shipping in the Middle East for its supply and price stability.

The rapid decline in urea prices in this round closely aligns with the growing market expectations that the Strait of Hormuz will soon reopen to navigation. The reopening of the Strait of Hormuz is one of the key terms in the agreement that the United States and Iran are preparing to sign to end the current conflict. As one of the world's main urea-producing regions, the Middle East holds a significant share in global urea exports. Urea itself is currently the most widely used synthetic nitrogen fertilizer in agriculture, and the stability of its supply is directly related to the security of fertilizer for global agricultural production.

Recently, the global energy market has experienced frequent fluctuations, with natural gas prices being significantly influenced by factors such as supply and demand, geopolitical situations, and weather changes. The volatility has been relatively large, and the future trend will continue to attract widespread attention from market participants.