While the national stories are all about the food hits to come from fertilizer stuck in the Strait of Hormuz, supermarket shelves are taking a heavy hit today from climate weather. There's beef at a record $9.55 a pound as drought collapsed the U.S. herd to a 1951 low. Don't forget fruit, with Florida's freezes costing farmers $3.17 billion in citrus, sugarcane, and strawberries. Also coffee, at a record $9.61 a pound in March as Brazil's drought cut arabica by 6 million bags. And just to make things harder to grease, olive oil, down 4% on Mediterranean drought and Storm Claudia — California can't cover the gap.
TLDR: The Iran war may ruin the food supply to come, but the climate food costs are already here NOW.