55 resultsfor “impact of Iran war on global food prices”
impact of the war in the Middle East on fuel costs and the prices of food and other goods in the UK, which saw the [government recently ask supermarkets](https://www.theguardian.com/business/2026/may/19/uk-supermarkets-urged-to-consider-voluntary-price-caps-on-essential-foods) to consider freezing
impacted by rising energy prices and supply disruptions from the US-Israel war on Iran. However, New Delhi had been avoiding hiking retail fuel prices, making it one of the last major economies to pass
prices – closed at $72.48 per barrel. After Iran closed the waterway on March 4 and began attacks on vessels attempting to sail through, traffic came to a standstill, stranding about 2,000 ships on either
impact on oil:** Parliament Speaker Mohammad Bagher Ghalibaf said no oil wells have “exploded” under the US blockade, arguing the measures have only driven up global prices. He added Iran’s storage has not reached
war on Iran, it appears we are veering towards another global food crisis. The conflict is driving up the costs of fuel, fertilisers, plastics and transport, resulting in higher food prices for communities from Manila
global fuel prices](https://www.theguardian.com/business/2026/mar/31/us-average-fuel-prices-iran-war) [rise](https://www.theguardian.com/world/2026/apr/06/defense-contractors-oil-companies-profit-iran-war). For several readers who spoke to the Guardian, the impact has [forced difficult trade-offs](https://www.theguardian.com/world/2026/mar/29/americans-struggling-rising-costs-iran-war) – from accessing essential medicines and groceries
price of petrol at the pump has reached nearly $4.18 a gallon ($1.10 a litre), the highest level in nearly four years. This comes in advance of midterm elections in November, for which polls show
war, disruptions to shipping through the [Strait of Hormuz](/news/2026/5/6/french-container-ship-struck-in-latest-escalation-at-strait-of-hormuz), and a surge in transport and insurance costs for shipments to Yemen. In the same post, the YPC sought to ease public concern, saying
impacted energy supplies. Since early March, Iran has also restricted passage through the [Strait of Hormuz](/news/2026/5/9/on-level-of-atomic-bomb-iran-highlights-hormuz-importance-amid-us-talks), the narrow waterway through which 20 percent of the world’s oil and liquefied natural gas supplies passed
price rises that followed Russia’s invasion of Ukraine. Households across the world are [spiralling into debt](https://www.theguardian.com/business/2026/apr/30/rising-costs-forcing-3m-uk-households-skip-meals-which-report), farmers [cannot afford fertiliser](https://www.theguardian.com/business/2026/apr/23/fertiliser-short-supply-australia-farmers-bread-prices-strait-of-hormuz) and governments are remembering that a dependency
global context – driven by the Iran war. “Getting the UK [out of the fossil fuel doom loop](https://www.theguardian.com/environment/2026/mar/11/reaching-net-zero-by-2050-cheaper-for-uk-than-one-fossil-fuel-crisis) and on to renewables would secure a [stable and affordable supply of energy](https://www.theguardian.com
price significantly, albeit temporarily, bringing profits to those who bet the right way. [Recent reports](https://www.theguardian.com/business/2026/apr/08/polymarket-trump-us-iran-ceasefire) confirmed that Trump’s volatility has been making [lots of money](https://www.bbc.co.uk/news/articles/cge0grppe3po) for those placing
war continues, with the US on Sunday capturing an Iranian cargo vessel, even as Washington says it is willing to hold another round of talks with Tehran in Pakistan to reach a deal. Tehran
war with Iran. - 🎧 **NPR's Joanna Kakissis, who is in Kyiv, said that by dawn Tuesday, after hours of loud explosions, the air smelled burnt** and there were fires all over the city. This
price of that extraction isn't taken into account. It's a tussle mirrored in many state-backed infrastructure projects across India, from a coastal road [underway](https://frontline.thehindu.com/environment/mumbai-coastal-road-mangroves-koli-fishermen-protest/article70947396.ece) in the Arabian Sea that