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Wed, 06 May 2026 02:13:16 +0000

Business Today 'Will collapse ability to buy food, fuel': Economist warns of imminent currency crisis for India Story by Business Today Desk CAIRO / BEIRUT / ROME The United Nations World Food Programme (WFP) is warning that surging food and fuel prices driven by the escalation of the conflict in the Middle East. Vietnam faced shortages of fuel and panic buying. The 2026 Iran war, including the closure of the Strait of Hormuz, has led to what the International Energy Agency has characterized as the "largest supply. Global agricultural prices had been easing through 2025, but recent months have brought uneven price movements. Now, the conflict in the Middle East is raising new risksdisrupting oil and.