Russian Agricultural Lobby Chief says they do not have any spare capacity to produce more fertiliser at this point in time
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Pakistani officials have confirmed they’re relaying messages between the US and Iran, but for now, talks in Islamabad are seen as unlikely, Sky's Hakim reports; source says the talk of negotiations is little more than a smokescreen
EU Foreign Policy Chief Kallas says are discussing how to offramp from the Iran war
Russian Agricultural Lobby Chief says they do not have any spare capacity to produce more fertiliser at this point in time
Yemen's Houthis are reportedly ready to join the Iran war if required
DoJ has been investigating hospital system contracts with insurers, according to WSJ citing sources; DoJ plans to file antitrust lawsuit against New York-Presbyterian
On the Newsquawk feed at , 20 minutes before this page.
Context
The Russian Agricultural Lobby Chief's statement highlights a critical supply constraint in fertilizer production, which could exacerbate global food inflation and impact agricultural output. This situation adds geopolitical tension to markets, especially in Europe, where dependency on Russian exports is high, possibly affecting commodity prices like food and energy. Traders should monitor potential ripple effects in related currencies and commodities stemming from this supply issue.
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