Overview
- White House economic adviser Kevin Hassett said the administration has established licenses for Venezuela to increase fertilizer production.
- Hassett confirmed U.S. discussions with Morocco on supplies, as farm groups push for relief from existing U.S. duties on Moroccan phosphate now under review.
- The effort is described by Hassett as an insurance policy to limit disruption for farmers heading into planting season.
- Hassett noted a Qatar plant previously supplied maybe about 20% of the U.S. market, with Gulf shipments constrained by the conflict closing off key transit through the Strait of Hormuz.
- Officials are also evaluating options to maintain refined fuel supplies to the U.S. West Coast as Asian sellers prioritize their own needs.