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Iran war: Input raw material costs up at similar rate to early part of Ukraine conflict

The widening conflict in the Gulf region continues to push up the prices of key input prices, with more limited increases in commodity values

clock • 5 min read
Iran war: Input raw material costs up at similar rate to early part of Ukraine conflict

In the first week of the war, urea prices rose 24.8% to US$583/tonne (£433/t), according to data from Trading Economics. That compares to a 25.9% increase to US$920/t (£683/t) in the first week of the...

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Iran war: Input raw material costs up at similar rate to early part of Ukraine conflict

Iran war: Input raw material costs up at similar rate to early part of Ukraine conflict

The widening conflict in the Gulf region continues to push up the prices of key input prices, with more limited increases in commodity values

Cedric Porter
clock 12 March 2026 • 5 min read