Trump’s second-term policies aim to expand fossil fuel production, weaken renewable energy, and eliminate federal climate regulations while claiming lower costs. Fossil fuel dependence increases expenses when crude oil prices rise. U.S.-Israeli actions tied to Iran have driven crude oil higher, pushing gasoline and diesel prices up. Food prices were already rising, and economists expect continued increases due to fertilizer costs. Nitrogen fertilizer production relies on natural gas, and about 10% of global urea supply comes from the Middle East, affected by Strait of Hormuz disruptions. Diesel-powered trucking links diesel price spikes to real-time food price increases, with major impacts in Asia-Pacific and Africa.
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