From War To Wheat: Hormuz Disruption Ignites Food Inflation Fears

War for longer

The market is starting to price a conflict that lasts longer than many expected. Prediction markets now see almost a 50% probability that there will still be no ceasefire by the end of next month, keeping energy markets, fertilizer supply and food inflation firmly in focus. The ripple effects are already showing up across commodities, inflation swaps and rates.