U.S.–Iran tensions are pushing energy costs higher and disrupting Middle East fertilizer logistics, strengthening the outlook for higher global urea prices. Market highlights TTF gas rose from €40/MWh to €53/MWh. China H1 urea exports surged +551.9%. Sulfur price rose RMB 300/MT to RMB 9,180/MT. KCl imports reached 8.8 million MT, up 40.2%. China resumed mandatory export inspection for ammonium sulfate from July 16.