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  "path": "/money/farmer-us-iran-food-chain",
  "publishedAt": "2026-03-12T20:19:53.000Z",
  "site": "https://www.gbnews.com",
  "tags": [
    "HMRC urged to introduce 'sympathetic' tax relief for 100,000s expats fleeing US-Iran war",
    "HM Passport Office urges families to 'renew now' as YOU may need to pay £74",
    "Recruitment giant warns of 'longest jobs downturn ever seen' as it axes quarter of UK workforce",
    "The GB News Editorial Charter"
  ],
  "textContent": "\n\n\nThe National Farmer Union (NFU) is warning Britons of looming \"volatility in the global energy market\" and \"huge impact on food supply chains\" as a result of the US-Iran war.\n\nNFU President Tom Bradshaw held discussions with Defra Secretary Reynolds this week regarding the mounting pressure on British farmers from escalating fuel and fertiliser expenses.\n\n###\n\n\n\n\nThe meeting addressed how turmoil in international oil and gas markets has driven up costs for essential agricultural inputs at a particularly challenging moment.\n\nSpring planting activities are now underway across the country, making fuel and fertiliser critical for getting crops established and supporting livestock through forage production.\n\n###\n\n\n\n\n###\n\n\n\n\nFollowing the talks, Mr Bradshaw stated that Ms Reynolds \"recognised that volatility in the global energy market has a huge impact on our food supply chains here and they are watching this very closely\".\n\nThe surge in oil prices stems primarily from ongoing disruption at the Strait of Hormuz, a critical maritime passage handling approximately one fifth of the world's oil and gas shipments.\n\nIranian oil exports represent just 4.5 per cent of global supply, but the strategic waterway's instability has had far-reaching consequences for energy markets.\n\nQatar and the United Arab Emirates together account for roughly 20 per cent of global liquefied natural gas production, with much of this supply transported through the Strait to European and Asian markets.\n\n###\n\n\n\n\n### LATEST DEVELOPMENTS\n\n\n\n\n  * HMRC urged to introduce 'sympathetic' tax relief for 100,000s expats fleeing US-Iran war\n  * HM Passport Office urges families to 'renew now' as YOU may need to pay £74\n  * Recruitment giant warns of 'longest jobs downturn ever seen' as it axes quarter of UK workforce\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nAlthough overall gas and electricity demand may be falling, agricultural requirements for fuel and fertiliser are set to increase as spring planting intensifies.\n\nA central issue raised during the discussions was the absence of clear pricing information for agricultural supplies.\n\nReports from NFU members indicate that red diesel costs were approaching 110 pence per litre at the beginning of this week, with significant variation between different areas.\n\nThe heightened market volatility has worsened an existing problem whereby farmers frequently discover what they must pay only after products arrive at their premises.\n\n###\n\n\n\n\n###\n\n\n\n\nMr Bradshaw said: \"It's clear that transparency and fairness over fuel and fertiliser prices is critical, and we've been asking for this for a long time, regardless of market volatility.\"\n\nMr Bradshaw emphasised that his focus remained on developing lasting solutions to protect British agriculture from international political upheaval.\n\nHe said: \"While the impact on food production and food price inflation will depend on what happens over the coming weeks, it is yet another sobering reminder of the need to build resilience in UK farming.\"\n\nThe NFU notes the situation has been compounded by the removal of direct support payments in England, which previously served as farmers' primary mechanism for weathering such unpredictable circumstances.\n\n###\n\n\n\n\n\n\n\n\n\n\n**Our Standards:The GB News Editorial Charter **",
  "title": "Farmers warn US-Iran war will have 'huge impact on global food chains' amid cost of living fears"
}