India, March 11 -- Escalating conflict around the Strait of Hormuz is impacting food and sugar markets.

Disruptions in key maritime routes are increasing costs and delivery times.

IEA considers a record release of oil reserves to stabilise volatile markets.

Rising energy costs triggered by the escalating conflict around the Strait of Hormuz are beginning to ripple across global food and commodity markets, with sugar supply chains among the first to feel the pressure. Higher oil prices and disrupted maritime routes are raising freight, refining and input costs across agricultural commodities, while policymakers scramble to stabilise energy markets amid widening supply disruptions.

Sugar, food chains face indirect shock

While energy ma...