Iran & American Farm Bureau Federation

Iran: The war with Iran disrupted global crude flows and contributed to higher fuel prices, prompting the waiver extension. The conflict's impact on oil supply remains a key driver of energy market volatility.

American Farm Bureau Federation: The farm lobby welcomed the waiver as it helps reduce fertilizer and fuel costs for farmers, supporting agricultural interests.

Iran: The Iran conflict and tensions around the Strait of Hormuz disrupt energy and fertilizer supplies, driving up food production costs.

American Farm Bureau Federation: The American Farm Bureau Federation projected significant losses for U.S. farmers, highlighting the financial strain on agriculture.

American Farm Bureau Federation: The American Farm Bureau Federation reported on the increase in farm bankruptcies and highlighted the Middle East as a key source of U.S. fertilizer imports.

American Farm Bureau Federation: The American Farm Bureau Federation>>> provided testimony to a U.S. Senate agriculture committee, highlighting the drastic increases in farm diesel and fertilizer costs following the closure of the Strait of Hormuz.