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Oil prices strengthened Friday, leading U.S. benchmark crude to turn higher for the week, as President Trump's latest pause on striking Iran's energy infrastructure did little to calm nerves over tightening global supplies.
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The war in Iran sparks a global fertilizer shortage and threatens food prices AP NewsGlobal Food Supply Faces a Dangerous Bottleneck as Iran War Persists The New York TimesWar with Iran disrupts fertilizer exports as U.S. farmers prepare for planting season NPRThe global food crisis unleashed by the war Financial TimesPersian Gulf crisis impacting food security, FAO warns UN News
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Consumer sentiment in the economy dropped to its lowest level in 2026 as the Iran war causes fuel prices to surge.
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Higher energy prices and uncertainty over the war in the Middle East will boost inflation and weigh on economic growth, a new forecast says.
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