5 daily essential items will become expensive in India because of Iran and Israel. Will be expensive to buy.
The ongoing war between Iran and Israel has not only increased tensions in the region, but it can also impact the prices of things we use in our everyday lives. Let us know what the impact of this war can be.
Situation of Iran-Israel war
Recently, Iran has launched massive missile attacks on Israel, which included more than 180 missiles. After this attack, Israel has also retaliated, due to which the situation has worsened. Many people have been killed in this conflict and millions have been rendered homeless.
Can sunflower oil be expensive?
Sunflower oil is an important part of our kitchen. If the war between Iran and Israel escalates, it may affect the oil supply chain. Both Iran and Israel play important roles in the global oil market. If the war caused any major problems, such as disruptions in oil production or transportation, sunflower oil prices could rise.
Tea prices may also increase
Drinking tea is a common practice in India. But if the war caused disruptions in shipping routes, tea prices could also be affected. Many countries may face difficulties in exporting tea, which may increase its shortage and inflation.
effect on rice
Rice is a main part of our diet. If the situation worsens, prices of food items may increase. There may be a problem in the supply of rice due to logistics being affected due to the war, due to which there will be a danger of its prices increasing.
the way forward
At this time the whole world is keeping an eye on this situation. The US has supported Israel and warned Iran to control its activities. If this conflict escalates, its impact may be seen on global markets as well.