Iran War Drives Up Global Fuel, Fertilizer, and Shipping Costs; Philippines Imports Russian Oil
The Iran War is projected to increase costs across various sectors, including fuel, freight, and supply chains, causing price hikes for kerosene and fertilizer, impacting US farmers, and leading the Philippines to import Russian crude oil amid an energy emergency. Europe also prepares for potential natural gas price increases as final LNG deliveries arrive.
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War with Iran disrupts fertilizer exports as U.S. farmers prepare for planting season
Gulf states are major fertilizer producers, and the war with Iran has triggered a 25% price hike just as struggling U.S. farmers are planting corn.
By Frank Morris
Read full article →Philippines farmers feeling the pinch of the war on Iran
Cabbage farmers in the Philippines are harvesting their crops at a loss as prices plunge and fuel costs soar.
Read full article →How the Iran War will increase costs in every sector of the economy
This war reaches US households' everyday life through fuel, freight, fertilizer, petrochemicals and global supply chains through factories that produce consumer goods
By Vidya Mani
Read full article →Christodoulides to announce targeted economic relief package
President Nikos Christodoulides will announce a package of targeted economic measures on Thursday to help the public cope with the impact of the ongoing Iran war. Speaking after the March 25 national holiday parade in Nicosia, the President said the new support is possible because of the government’s “responsible fiscal policy.” “Tomorrow I will address […]
By newsroom
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