🗓️ Day 13 | Iran war: Daily global market impact (March 12, 2026)

→ Brent remains on an upward trend despite emergency reserve releases, while the IEA says the market is facing the largest supply disruption in its history → Air carriers including Thai Airways, Air India and Qantas have announced price hikes due to longer routes and rising fuel costs → Hormuz’s closure has halted 25% of global nitrogen fertilizer exports, pushing urea prices up 33% month on month