Iran War: This choice by Donald Trump could cost you up to €400 more each month in France

From the Strait of Hormuz to inflation: the Iranian war on your plate
Besides oil and gas, a third of the fertilizer used in global agriculture passes through the Strait of Hormuz, where shipping traffic is severely disrupted. “This is because agricultural products require energy to be harvested, and fertilizers contain fossil fuels. The longer the blockade of the Strait of Hormuz lasts, the more the conflict will weigh on global prices. They are also soaring due to the lack of visibility,” explained Stéphanie Villers, an economic advisor at PwC, to Le Parisien .

In France, this trend is already evident. INSEE (the French National Institute of Statistics and Economic Studies) has observed a resurgence of inflation , driven by energy prices, which could then spread to food prices. The price of urea, a key fertilizer, has jumped 40% since mid-February, according to Le Parisien . Interest rates are also rising, increasing the cost of public debt and mortgages, and weakening purchasing power .

How much could Donald Trump’s war impact your budget?
For a couple with two children, Guillaume Dard, president of Montpensier Arbevel, is already calculating the cost on BFM Business . With a barrel of oil around $90 (approximately €84) for a short time, he speaks of an additional cost of around €50 per month, which would rise to around €150 if the barrel remained between $110 and $120 (€102 to €112).

“If we have the worst-case scenario, with a closure of the Strait of Hormuz and an oil price of $150 a barrel, that represents €400 per month for that same household,” he warns. $150, or nearly €140, per barrel.