Iran & Zion Foster

Iran: Iran's effective closure of the Strait of Hormuz has caused a global energy crisis, driving up oil and gas prices and disrupting supply chains. The nation is also engaged in ongoing conflict with Israel and the United States, leading to economic sanctions and military actions.

Zion Foster: Zion Foster, a professor of agricultural economics at Purdue University, explained the lag between energy price shocks and retail food price increases.