Global trade turmoil and rising fuel prices threaten food prices

Global trade turmoil, instability at critical straits like Hormuz and Bab el-Mandeb, and refining shortages are causing a surge in fuel and diesel prices, threatening Western food prices during harvest season and pushing British pump prices toward record highs.

• Instability at Hormuz and Bab el-Mandeb straits increases fuel prices.
• Diesel costs surge due to refining capacity limits and fuel tanker shortages.
• Western farmers face rising costs as harvest season opens.
• UK diesel prices are expected to reach record highs.
• Global refining supplies are impacted by refinery attacks and ongoing wars.