The US-Israel armed conflict with Iran has escalated dramatically, resulting in significant damage to oil and gas facilities in the region. As reported by Rystad Energy, repair costs could soar to $58 billion, with oil and gas facilities alone accounting for $50 billion of this total. The conflict, which began in late February 2026, has not only inflicted damage on infrastructure but also had extensive repercussions on the global supply chain, particularly in the Strait of Hormuz. The blockade enacted by the US military aims to disrupt Iranian dominance over this crucial waterway and consequently affects global oil shipping, leading to skyrocketing prices. Simultaneously, the Iran war has triggered a fertilizer crisis in the US, directly harming American farmers. Fertilizer prices have surged since the onset of the conflict, compelling approximately 70% of farmers to limit their fertilizer purchases. The ongoing disruptions in the Strait of Hormuz, through which one-third of global fertilizer shipments passed, have significantly affected the supply chain. With most farmers in the South facing dire financial conditions, this situation threatens to lower crop yields and exacerbate economic challenges for agricultural producers in America. In the UK, government officials are anticipating food shortages by the summer if the war persists, particularly in sectors reliant on carbon dioxide for food preservation. The UK is preparing for a worst-case scenario that includes a continued closure of the Strait of Hormuz, affecting essential supplies and leading to potential inflationary pressures across consumer goods. This situation highlights the interconnectedness of global markets and how conflicts in one region can have far-reaching impacts worldwide, affecting food security, price stability, and overall economic health. As diplomatic negotiations falter further, the actual costs of physical and financial damage inflicted by the war are projected to escalate. Rystad emphasizes that the mere act of repair does not create new capacity, rather it redirects existing services, which can lead to long-term inflation issues beyond just the Middle East. Hence, the enduring consequences of the US-Israel military actions against Iran extend well into global energy investment timelines and food production systems.