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Sun, 26 Apr 2026

Sun, 26 Apr 2026 Higher prices could last for eight months after Iran war, minister says

Officials are monitoring stock levels and planning for any potential disruptions to the supply chain.
The conflict has caused supply chain issues and price rises globally due to slowed or halted energy production and transportation across the Middle East. The government is preparing for potential shortages of food, including chicken and pork, by summer. Energy prices, flight ticket prices, and possibly food prices are expected to rise as a result of the war's economic impact, which could be felt eight months after its resolution. A contingency planning group of ministers meets twice weekly to monitor stock levels and disruptions to the supply chain. The government has provided funding to reactivate the Ensus bioethanol plant to increase CO2 production and mitigate shortages in animal slaughter and food preservation.