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War’s impact on food prices may last long after conflict ends

As the U.S.-Iran conflict drives up the cost of oil, prices for food are going up too, and there are concerns that they won’t be coming back down after the war. Analysts say the historic drops in global oil supplies mean oil prices will stay high even after tankers start moving freely through the Strait of Hormuz, but there are expectations that those prices will drop once oil reserves are stocked again. When it comes to food, the higher prices

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War’s impact on food prices may last long after conflict ends

As the U.S.-Iran conflict drives up the cost of oil, prices for food are going up too, and there are concerns that they won’t be coming back down after the war. Analysts say the historic drops in global oil supplies mean oil prices will stay high even after tankers start moving freely through the Strait of Hormuz, but there are expectations that those prices will drop once oil reserves are stocked again. When it comes to food, the higher prices

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ENERGY & COMMODITIES NEWS

As oil prices drop, tanker profits rise

Plentiful oil is keeping crude prices stable while driving up demand for oil tankers and profits for tanker operators, according to reports. “Right now, it costs more than $87,000 a day to carry about 2 million barrels from Saudi Arabia...

FOOD & AGRICULTURE NEWS

Why beef prices are going up and staying up

From barbecue to burgers to steak, beef is omnipresent in the American diet, but everyday Americans are despairing to find prices rising month after month with no relief in sight.  Consumers are asking why beef prices are so resistant to...

Brazil’s soaring SAF industry hits turbulence in US

Already on the forefront of developing sustainable aviation fuels (SAF), Brazil’s industry received a big boost recently when a United Nations body certified that Brazil’s SAF production is cleaner than America’s. But recent decisions by the Trump Administration make it...

U.S. and China begin slapping each other with port fees

Port fees became the latest weapons in the U.S.-China trade war on Oct. 14 as Americans started penalizing shippers for using Chinese built or owned vessels and China reciprocated with matching fees. The fees for docking and unloading in ports kicked in as trade tensions between the world’s two largest economies were heating up: China’s Oct. 9 announcement of plans for greater control of rare earth exports sparked a suggestion of a new, 100% tariff on Chinese goods by U.S.

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U.S. and China begin slapping each other with port fees

Port fees became the latest weapons in the U.S.-China trade war on Oct. 14 as Americans started penalizing shippers for using Chinese built or owned vessels and China reciprocated with matching fees. The fees for docking and unloading in ports kicked in as trade tensions between the world’s two largest economies were heating up: China’s Oct. 9 announcement of plans for greater control of rare earth exports sparked a suggestion of a new, 100% tariff on Chinese goods by U.S.

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ESG NEWS