Beverages are set to get costlier by about 25%, while food items are likely to rise by at least 20% across small and mid-scale eateries, according to hoteliers
The first tankers that turned away from the Strait of Hormuz did not just redraw shipping maps. They redrew grocery lists, too. After Iran’s partial closure of the strait disrupted a chokepoint that carries roughly 20 per cent of the world’s oil, traders priced in something they know too well: war is not only about missiles; it’s about the bill that lands on kitchen tables months later. Brent crude climbing back above US$100 a barrel, and touching roughly US$120 on the worst days, is already...