Food Costs

How the US-Iran deal could influence oil prices and food costs

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A group of diplomats sits around a conference table, engaged in discussions about the potential USIran nuclear deal, with documents and laptops open in front of them.

The U.S. has been engaged in indirect talks with Iran, facilitated by intermediaries, to revive the Joint Comprehensive Plan of Action (JCPOA) originally established in 2015. Oil prices have been volatile in recent months, influenced by geopolitical tensions and supply chain disruptions. According to the U.S. Energy Information Administration, crude oil prices have fluctuated between … Read more