A potential new inflation headache threatens to ripple into food supply and grocery prices months from now.
Add Axios as your preferred source to
see more of our stories on Google.
Illustration: Sarah Grillo/Axios
It's not just oil: The Iran war is threatening to reignite food inflation — the price shock voters feel most directly — at the worst possible time for President Trump and Republicans.
Why it matters: The Strait of Hormuz — paralyzed by Iranian threats and potentially mines — carries a third of the world's fertilizer. For many American farmers, the spring planting season is just weeks away.
A global food price shock looms as Middle East war rages on. Here's who will be hit hardest
Energy, food prices surged in February — before Iran fighting started
Skyrocketing energy prices and inflation woes mount as the ‘absurd’ reality in Iran sinks in | Fortune
Food prices could rise as Iran conflict disrupts fertilizer supply chain
If oil price shocks weren’t bad enough, Trump’s war could have other unintended consequences | Adam Hanieh
"It just pisses them off more," said Rep. Vicente Gonzalez, D-Texas, said in an interview when asked about how voters will react…
The markets' shock absorbers could easily wear out later this summer unless the Strait of Hormuz opens soon.
Growers face soaring fertiliser and fuel costs as shipping choke point of the strait of Hormuz hits supply chains
Inflationary pressures tied to the Iran war keep building.
Lingering disruptions to shipments of oil, fertilizer and other industrial inputs could keep inflation concerns alive at the Fed.
Global prices are approaching a tipping point that could trigger inflation, shortages and, over time, recession
