On Andy Corriher’s farm in North Carolina, planting and preparations are underway for his corn and soybean crops — but fertiliser costs have surged on war in the Middle East, and orders he placed weeks ago have yet to arrive. The 47-year-old is among US farmers facing a double whammy of soaring fertiliser and diesel prices after US-Israeli strikes on Iran triggered Tehran’s blockage of the Strait of Hormuz, a critical waterway for such shipments. “This time of year is when the majority of fertiliser is put out in this country,” Corriher told AFP. “We got hit at the worst possible time, because we’re trying to buy fertiliser when it skyrockets and when the supply also gets cut.” Andy Corriher examines his wheat crop at his farm in China Grove, North Carolina, on April 10, 2026. — AFP The cost hikes strike at a major support base for US President Donald Trump, who won 78 per cent of the 2024 vote in farming-dependent counties, said news service Investigate Midwest. Trump blamed “price gouging from the fertilise...
A broad hope for a US deal with Iran to end weeks of conflict has spurred investor confidence in riskier assets. Bitcoin has surged to its highest price in nearly a month, triggering hundreds of millions worth of liquidations as hopes of a deal between the Trump administration and Iran washed the crypto market with positive sentiment. The crypto market surged to a total value of $2.6 trillion, its highest level for a month, liquidating 177,000 traders of $530 million over the past 24 hours, according to CoinGlass. The majority of liquidations occurred in the past 12 hours, and 80% of them, or $425 million, were leveraged short positions in Bitcoin (BTC) and Ether (ETH). Read more
Bitcoin preserved $70,000 at the weekly close as markets began reacting to a breakdown in US-Iran negotiations and blockade of the Strait of Hormuz. Bitcoin (BTC) held $70,000 at the weekly close as markets reacted to a breakdown in US-Iran negotiations and escalating tensions around the Strait of Hormuz. A breakdown in US-Iran negotiations sends oil surging above $100 per barrel, with the Strait of Hormuz now blockaded. US PPI inflation data is due amid signs that the oil crisis is far from the only driver of price increases. Read more