Rising oil prices are feeding inflation risks, forcing central banks to delay rate cuts despite easing geopolitical tensions.
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How the Iran war is driving up food prices through fertilizer supply disruptions
Oil and gas might not be the only commodities vulnerable to the disruptions in the Strait of Hormuz. Fertilizers are at particular risk, as their supplies get choked at the strait, a critical shipping corridor for a third of the world’s fertilizer shipments.
U.S. gas prices jump above $4 , highest since 2022 as Iran conflict pushes oil higher
The U.S. is a net oil exporter but that does not shield it from global economic shocks.
Shipping traffic in the Strait of Hormuz plunges to historic lows as oil prices hit a 19-month high
Ship traffic through the Strait of Hormuz is falling sharply as vessels avoid the Gulf following U.S.–Israel strikes on Iran, pushing oil prices to a 19-month high on fears of supply disruptions.