Middle East conflict impacts global trade, raising prices for pistachios and bananas

The Middle East war is disrupting global trade, causing price increases and supply issues for key commodities like pistachios and bananas. Rising oil prices and closed shipping routes are impacting the transport of goods. Iran, a major pistachio exporter, faces challenges due to the Strait of Hormuz blockade, while Ecuador struggles with container shortages for banana exports. The conflict also affects fertilizer supplies, potentially raising food costs globally, and has reduced demand for luxury leather goods in the Middle East.