World Business Report - Is the ceasefire in the Gulf too late to stop food prices rising?

Download Is the ceasefire in the Gulf too late to stop food prices rising?

Although the fragile ceasefire between Iran and the United States still holds, shipping through the Strait of Hormuz remains heavily disrupted, driving up fuel and fertiliser costs and leaving farmers in many parts of the world facing higher prices just as they head into the planting season.

What does that mean for the price of food in your shopping basket? Sam Fenwick hears from Maximo Torero, chief economist at the UN’s Food and Agriculture Organization.

Also, the ceasefire was meant to reopen the Strait of Hormuz, one of the most important shipping routes in the world. What does it mean for the seafarers trapped in the Persian Gulf?

(Photo: A farm worker sprays fertilizer on a paddy field, in Malaysia on 01 Apr 2026. Conflict in the Middle East has driven up energy prices, raising the cost of transport, fertilizers, and food production. Credit: Photo by Fazry Ismail/EPA/Shutterstock).

Published on Thursday, 9th April 2026.

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