Countries: World, Egypt, Iran (Islamic Republic of), Türkiye, Yemen Source: World Food Programme Please refer to the attached file. HIGHLIGHTS The temporary reopening of the Strait of Hormuz following a June US–Iran…
What the source says
Countries: World, Egypt, Iran (Islamic Republic of), Türkiye, Yemen
Source: World Food Programme
Please refer to the attached file.
HIGHLIGHTS
The temporary reopening of the Strait of Hormuz following a June US–Iran agreement eased global commodity and inflationary pressures, with Brent crude falling 20% in June (compared to May) reaching USD 73/bbl, and urea prices dropping 21% below pre-conflict levels. Cereals and natural gas prices also declined slightly (45%), although natural gas remained 37% above pre-conflict levels.
Annual Inflation remained highly uneven across the region in June, with Iran and Türkiye continuing to face the region’s highest price pressures, while most countries recorded stable or easing inflation and Gaza’s deflation reflected ongoing normalization from conflict-driven price spikes.
Food basket costs were broadly stable in June across most of the region, reflecting easing inflationary pressures; with Iran as a notable exception (+8% MoM, +120% YoY).
Inflationary pressures continue to erode purchasing power of cash transfer values in Iran and Türkiye, constraining vulnerable households’ access to adequate and nutritious food
Most regional currencies remain weaker than pre-escalation levels (February 2026), despite modest June recoveries in some markets, most prominently in Iran (+6%) and Egypt (+4%), while currencies in Armenia, Palestine, and Yemen (IRG) maintained relative stability or strengthening over the past year.
Regional fuel prices eased in June following declining global energy prices and improving geopolitical conditions, with cooking gas and diesel recording the largest month-on-month declines, while generally remaining above pre-conflict levels.
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