A photo taken on June 22, 2026 shows a tractor with a spreader fertilising paddocks on a dairy farm near the small rural town of Yanakie, some 190kms south-west of Melbourne. Importing 90 percent of fertilisers, Australia is facing a severe shortage due to the closure of the Strait of Hormuz. (Photo by William WEST / AFP via Getty Images)

A photo taken on June 22, 2026 shows a tractor with a spreader fertilising paddocks on a dairy farm near the small rural town of Yanakie, some 190kms south-west of Melbourne. Importing 90 percent of fertilisers, Australia is facing a severe shortage due to the closure of the Strait of Hormuz. (Photo by William WEST / AFP via Getty Images)

A photo taken on June 22, 2026 shows a farmer holding urea fertiliser at a fertiliser depot in the small rural town of Buffalo, some 163kms south-west of Melbourne. Importing 90 percent of fertilisers, Australia is facing a severe shortage due to the closure of the Strait of Hormuz. (Photo by William WEST / AFP via Getty Images)

A photo taken on June 22, 2026 shows a farmer holding urea fertiliser at a fertiliser depot in the small rural town of Buffalo, some 163kms south-west of Melbourne. Importing 90 percent of fertilisers, Australia is facing a severe shortage due to the closure of the Strait of Hormuz. (Photo by William WEST / AFP via Getty Images)

TOPSHOT - Attendees chat in front of a screen at the Dalian International Conference Centre during the World Economic Forum Annual Meeting of the New Champions in Dalian, China's Liaoning province, on June 23, 2026. (Photo by WANG Zhao / AFP via Getty Images)

A worker polishes parts at a manufacturing company in Hangzhou, in eastern China's Zhejiang province, on June 23, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

A worker polishes parts at a manufacturing company in Hangzhou, in eastern China's Zhejiang province, on June 23, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

LONDON, ENGLAND - JUNE 22: Prince William, the Prince of Wales, sits beside actress Emma Watson (R) and actor Benedict Cumberbatch (L) as he attends a landmark Business Forum for The Royal Foundation's United for Wildlife on June 22, 2026 in London, England. (Photo by Kirsty Wigglesworth - WPA Pool/Getty Images)