Oil, energy and food: Which countries in Europe are most exposed to higher food prices? 😔

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The US-Israeli strikes on Iran have led to rising oil prices, which are expected to increase food prices in Europe due to higher fertilizer and energy costs. Experts warn that disruptions in supply chains, particularly through the Strait of Hormuz, will affect agricultural production and shipping costs, leading to inflation in food prices. Countries like the Netherlands, Belgium, Germany, France, Italy, and Spain are particularly vulnerable due to their reliance on Gulf oil and gas. The FAO predicts significant increases in fertilizer prices, which could further tighten global grain supplies and elevate food costs.