Cooking Oil Prices Soar: Iran-Israel War Hits Indian Kitchens Hard

• Cooking oil prices in India jump by Rs 4-5 per liter this week, with further Rs 10-15 hike expected, due to Iran-Israel conflict.
• Middle East tensions disrupt global sea routes, particularly the Strait of Hormuz, crucial for 20% of world's oil supply.
• Imports of sunflower and palm oil from Ukraine, Russia, Indonesia, Malaysia, and Middle East are affected, leading to supply chain issues.
• Ships are diverted to longer routes like Cape of Good Hope, increasing fuel and transportation costs, ultimately raising import prices.
• Rising costs burden middle-class families, hotels, and restaurants, potentially leading to higher food prices across India.