Why the Iran war might not raise your grocery bill until next year
Why the Iran war might not raise your grocery bill until next year
Emma OckermanSat, April 25, 2026 at 12:02 PM UTC
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Food prices were already straining Americans’ pocketbooks. The Iran war could eventually make that problem even starker.
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So long as Iran is choking off the Strait of Hormuz, around 25% of seaborne oil and one-third of seaborne fertilizers are left without a crucial transit point to reach global markets. The cost of both goods is spiking as a result — all of which weighs on US farmers, who rely on costly fertilizer for their crops and diesel for their equipment.
Source: “AOL Money”
