Food Prices Rise to Highest in Three Years on Iran War Costs

Global food prices climbed to their highest level in more than three years in April, driven largely by rising costs tied to the Iran war and disruptions in the Strait of Hormuz. The United Nations Food and Agriculture Organization said vegetable oil prices surged the most, while meat and cereal prices also increased as higher energy and transportation costs pressured supply chains. Analysts warn the conflict could continue pushing grocery bills higher worldwide, even as global grain supplies remain relatively stable.