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Economy News

The Economic Times

Economy / The Economic Times

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Forget oil and gas, a bigger Iran war risk is shaping up

Global attention is on the Strait of Hormuz due to the Iran conflict. Beyond oil, a fertilizer supply shock looms. This could disrupt agriculture, leading to food shortages and price hikes. India faces increased import costs and subsidy burdens. The impact on food security and inflation is a significant concern for the coming months and years.

7 Mar 2026 3:33 pm