FOOD PRICES CLIMB AS WAR DRIVES COSTS HIGHER

GLOBAL FOOD PRICES ROSE IN MARCH, PUSHED UP BY HIGHER ENERGY AND FREIGHT COSTS LINKED TO CONFLICT IN THE MIDDLE EAST.

THE UN’S FOOD PRICE INDEX AVERAGED 128.5 POINTS, UP 2.4% FROM FEBRUARY—ITS SECOND STRAIGHT MONTHLY INCREASE AFTER FIVE MONTHS OF DECLINE.

THE RISE REFLECTS GROWING PRESSURE ACROSS SUPPLY CHAINS, AS THE CONFLICT DRIVES UP FUEL AND FERTILIZER COSTS AND DISRUPTS KEY TRADE ROUTES LIKE THE STRAIT OF HORMUZ.

VEGETABLE OIL AND SUGAR SAW THE BIGGEST PRICE JUMPS, WITH MEAT, DAIRY, AND CEREALS ALSO INCREASING—SIGNALING THAT FOOD INFLATION MAY PERSIST. ...

JUST IN: 🇺🇸 US unemployment rate falls to 4.3%, lower than expectations.

@WatcherGuru

15min ago: The current round of efforts by regional countries led by Pakistan to reach a cease-fire between the U.S. and Iran has reached a dead end, mediators said Friday.

Iran has officially told the mediators it isn’t willing to meet U.S. officials in Islamabad in the coming days and that U.S. demands are unacceptable, the mediators said: WSJ

*IRAN HAS REJECTED A U.S. PROPOSAL FOR A 48-HOUR CEASEFIRE: FARS

ANTHROPIC TO END CLAUDE SUBSCRIPTION ACCESS FOR THIRD-PARTY TOOLS LIKE OPENCLAW, SHIFT TO USAGE BUNDLES AND API PRICING FROM APRIL 5, 12PM PT

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