Daybreak June 22: Strait’s status unclear as talks commence

U.S. talks to end the war with Iran advanced over the weekend even as uncertainty hung over the status of trade flows through the Strait of Hormuz. Even in the best-case scenario for resuming key cargoes through the Strait of Hormuz, it will take time for disrupted energy and fertilizer markets to recover, says Corey Rosenbusch, president and CEO of The Fertilizer Institute.