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Global Business News

The Economic Times

Global Business / The Economic Times

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The US-Iran war will hurt both food consumers and producers

The US-Iran conflict threatens global food supplies. Rising oil prices increase fertilizer and transportation costs. This impacts food production and affordability, especially in developing nations. Climate change and El Nino add further pressure. Experts warn of growing food insecurity worldwide. Diversification and open trade are recommended policies to mitigate these risks.

21 May 2026 10:53 pm