"The disruption is pushing up the costs of almost everything from factories to supermarket shelves thousands of miles away."
"The longer the Iran conflict continues, the greater the pressure on businesses and consumers worldwide."
"The United Nations warns that rising food, oil and shipping costs could push an additional 45 million people into acute hunger."
"The global total of people facing acute hunger could exceed its record of 319 million due to these rising costs."
The Iran war is causing significant disruptions in global supply chains, particularly impacting food and energy sectors. The blockage of the Strait of Hormuz has led to rerouted vessels and increased costs for businesses and consumers worldwide. The ongoing conflict is expected to exacerbate these issues, with the United Nations warning that rising food, oil, and shipping costs could push an additional 45 million people into acute hunger, raising the global total to over 319 million.
Read at www.aljazeera.com
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