As tensions persist, the world watches closely, aware that even minor escalations could have far-reaching consequences. The Strait of Hormuz, long recognised for its strategic importance in energy markets, is now emerging as a critical node in the global food supply chain.
As the two-week ceasefire takes effect, markets will be watching closely for signs of sustained de-escalation. Yet even if fighting subsides, the economic scars of the Iran war may take far longer to heal, the three organisations said.
March 2026 presented a picture of cautious stability for vegetarian households and modest relief for non-vegetarian ones. While cheaper onions, potatoes and pulses delivered welcome savings, the surge in tomato, oil and fuel prices ensured that the overall impact remained balanced rather than decisively downward.
The kingdom’s Gross National Happiness philosophy, which places equal weight on economic progress and environmental stewardship, faces a practical test here.
With the region still recovering from previous shocks, the latest ADB analysis serves as a timely reminder of the region’s exposure to distant geopolitical events.
The webinar saw active participation from the attendees and was instrumental in throwing light on and advancing the important discussion on women’s work in agriculture.