Mar 03, 2026 (MarketLine via COMTEX) --
The country, engaged in war with the US and Israel, has blocked shipments of aEURoeall food and agricultural productsaEUR, the Tasnim news agency reported.
Iran has announced a ban on the exports of aEURoeall food and agricultural productsaEUR, a local news agency has reported.
Shipments will be blocked aEURoeuntil further noticeaEUR, a government statement read, according to the Tasnim news agency.
aEURoeThe government has prioritised the supply of essential goods for the people,aEUR the statement added.
Multiple international news outlets describe Tasnim as a aEURoesemi-officialaEUR news agency said to be associated with the Islamic Revolutionary Guard.
According to US Department of Agriculture data, Iran accounts for around 18% of global pistachio output, 6% of the worldaEUR(TM)s production of cherries and 2% of barley.
As the conflict spills into other countries in the Middle East, Kuwait has also announced a temporary ban on the export of food commodities.
According to the Kuwait News Agency, Osama Boodai, the countryaEUR(TM)s Minister of Commerce and Industry, said the move would aEURoeprotect consumers and enhance market stabilityaEUR.
Oil and gas prices have jumped in the wake of the attacks launched by the US and Israel on Iran on Saturday (28 February).
Brent crude futures stood at $80.94 a barrel at the time of writing, up more than 4%. Over the past five days, they are more than 14% higher.
Yesterday, major gas exporter QatarEnergy halted production, sending the price of the commodity soaring.
Elsewhere, President Trump said today the US will aEURoecut off all trade with SpainaEUR after the European country said it would not allow Washington to use its bases for the attacks on Iran.
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COMTEX_478482512/2227/2026-05-04T01:28:06
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