FAO report says global fertilizer trade declined in the first four months of the year due to the conflict in the Middle East. Prices rose by an average of 25%.
Browsing: conflict
The United States and Iran said they had reached an agreement to halt hostilities and reopen the Strait of Hormuz. Markets reacted positively to the announcement.
The institution says economic activity in the Middle East and North Africa will be affected by regional conflict. Growth is expected to slow from the 4% projected for 2025.
Data from Brazil’s Ministry of Development, Industry, Trade and Services show a 0.7% increase in exports and a 21.5% decline in imports compared to the same period in 2025.
Once again a target in the conflict involving the United States and Israel with Iran, the Arab country has ordered a return to online classes. Among other impacts of the war, traffic at Dubai International Airport fell 66% in March.
For the first time, the Moroccan National Tourism Office is bringing travel agencies to the WTM Latin America trade fair. An Egyptian company says that the opening of a museum in Cairo is attracting more Brazilians to the country.
The Managing Director of the International Monetary Fund says the number of people facing hunger is expected to increase in the coming months as a result of the war in the Middle East.
Iraq’s Oil Ministry said it has started sending tanker trucks carrying oil to Syria. Iraq depends on the Strait of Hormuz for exports, while Syria has a Mediterranean coastline.
Measures announced by the government aim to curb rising energy costs, which have increased from USD 560 million to USD 1.65 billion since the start of the Middle East conflict.
The company’s CEO, Miguel Gularte, said demand in the region is being met through an operational stock strategy and by redirecting cargo to active ports, using feeder vessels and overland freight.
On Thursday (12), a flight departs Doha for São Paulo. On Friday (13), flights leave Guarulhos Airport for Doha. Qatar’s airspace remains closed, with only limited operations authorized.
Data from February, which still do not reflect the US–Israel war with Iran, show the UAE and Saudi Arabia among the top importers of Brazilian chicken.
In phone calls with ministers from countries affected by the conflict, Mauro Vieira discussed the situation of Brazilians, who may obtain emergency transit visas in Saudi Arabia.
Stock exchanges in Abu Dhabi and Dubai will resume trading on Wednesday (4), according to an official announcement. Schools and universities will continue operating remotely until Friday (6).
