The confluence of El Niño, ongoing US-Iran conflict, and global economic pressures is causing disruptions to food production, energy prices, and global supply chains.
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Updated oct 19
The latest in this situation
How it started
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What happened
The confluence of El Niño, ongoing US-Iran conflict, and global economic pressures is causing disruptions to food production, energy prices, and global supply chains.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Insecurity and war are forcing vessels onto longer routes and disrupting vital shipments globally.1 source
Attacks are driving up global oil prices, compounding El Nino's threat to Asian food security.1 source
- El Niño is driving up soft commodity prices, while the ongoing Iran war strains fertilizer supply chains and climate scientists contribute to IPCC reports.Sub-event
El Niño combines with geopolitical conflict to drive up food and energy prices globally.1 source
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The entities involved
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El Niño
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- The World Food Programme reports that several countries, including Yemen, Somalia, South Sudan, and Sudan, are facing critical hunger hotspots due to expected El Niño impacts.
- The Santa Monica-Malibu Unified School District is preparing for severe storms due to El Niño, prompting a local emergency declaration in Malibu.
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inflation
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Related events
- Industry groups highlight rising food and energy costs due to El Niño and conflict in Iran, exacerbating the cost-of-living crisis.
- Trump's tariffs and the Iran conflict are driving up costs, while El Niño adds to global supply chain disruptions affecting companies like Costco.
- Inflation is rising due to high crude oil prices and El Niño-related weather, prompting the Reserve Bank of India to monitor retail inflation.
- Global conflicts and a strong El Niño warning are affecting global fuel and fertilizer access, impacting South Africa.
- IMD reports rainfall deficit in India as climate phenomenon alters weather patterns, alongside ongoing US-Iran war disruptions.
Coverage
Newest first; wire copies grouped- businesstimes.com.sg
- investinglive.com
- indiatimes.com
- esmmagazine.com
- chinadaily.com.cn
- thehindubusinessline.com
- indiatimes.comJPMorgan warns super El Niño and oil shock could prop up global inflation
- businessinsider.com