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How the Iran war is hitting food prices - DW.com
This transcript has been automatically generated. 00:00:04:21 - 00:00:08:13 Kassandra Hey, and welcome to the Dip. We cover money stories across borders. 00:00:08:13 - 00:00:25:18 Daniel I'm Kassandra and I'm Daniel. And later on, we're going to be looking at something which people rarely think about. What is actually vital when it comes to the current rising cost of food prices. And that's a fertilizer. And the Iran war is driving up the price of all kinds of chemicals, which lead into all kinds of things in our daily lives. 00:00:25:20 - 00:00:26:16 Daniel But first. 00:00:26:18 - 00:00:50:19 Kassandra Trump says that the US is in negotiations with Iran, but Tehran says that Washington is negotiating with itself. Meanwhile, the bombs are still falling. Oil is trading above $100 a barrel, and a fifth of the world's oil supplies flow through a strait that Iran is now demanding sovereignty over. The war that began on February 28th has thrown the global economy into turmoil. 00:00:50:19 - 00:00:53:07 Kassandra But what has it done to Iran's economy? 00:00:53:11 - 00:01:20:14 Daniel Well, I spoke to Djavad Salehi-Isfahani, who is professor of economics at Virginia Tech, and he spoke of an economy that was already on its knees, its currency in freefall, food inflation at 70%. And why the sanctions that were supposed to bring the regime to its knees is doing the opposite. The problem is, an internet blackout is making it hard to measure just how difficult the economic pressure is becoming for ordinary Iranians. 00:01:20:16 - 00:01:56:08 Djavad Salehi-Isfahani Well, the truth is, we don't know. In the middle of the war, there's no information coming. There's no data coming. But we can speculate based on how it was doing before the war. And there are some, policies in place, like cash transfers. That makes me think that the distribution of whatever quantities of essential commodities are available is being handled by the government being able to inject cash into people's accounts. 00:01:56:10 - 00:02:27:19 Djavad Salehi-Isfahani Most of the times during wars, the distribution becomes a bigger issue, than the total supply, because the poor, may lose their jobs, they don't have access to income. So and prices are rising because of the war conditions. So they can't buy things and they may be suffering with hunger and so on. But that doesn't happen in the modern world where the government can deposit currency in people's ATM accounts instantaneously. 00:02:2...
These Foods Are Already More Expensive Thanks To Iran War
19 hours ago ... The war in Iran started by the U.S. and Israel six weeks ago helped push global food prices up 2.4% in March, the UN said Friday, the second month in a row ...
The Iran War Could Haunt Grocery Bills Long After the Fighting Stops
The war in Iran has driven up fertilizer prices and disrupted a key planting season, which supply chain scholars say will affect food prices globally.
The Iran war could haunt grocery bills long after the fighting stops
The war in Iran has driven up fertilizer prices and disrupted a key planting season, which supply chain scholars say will affect food prices globally.
