Oil shocks ripple through shelves as supply chains buckle

Geopolitical conflict around Iran is disrupting energy supplies, pushing gasoline and diesel costs higher and slowing global manufacturing and shipping. The resulting higher input costs are likely to spread to groceries, household goods, electronics and medicines, contributing to broader inflation and slower restoration of normal product availability. While some mitigation—such as oil releases and alternative routes through the Strait of Hormuz—may ease the pinch, officials warn the relief may be partial and inflationary pressures could persist for months.