Why is the agri-food sector the most affected by the war in Iran?

AI Briefing

• – The war in Iran is affecting the agri-food sector due to the increase in oil prices, which is affecting gas and fertilizers, and cereals.
• – The war has led to a rise in oil prices above $100 per barrel, causing a ripple effect on the prices of gas, fertilizers, and cereals.
• – The agri-food sector is particularly vulnerable to price fluctuations in oil and gas, making it the most affected sector by the war in Iran.