Iran war stokes record diesel prices, squeezing US Midwest farmers

Diesel prices in the US Midwest have hit record highs, driven by the Iran war, raising input costs for farmers and trucking firms. The article highlights the direct impact on a corn and soybean farmer in Indiana, with a record fuel bill for the upcoming harvest. This signals potential inflationary pressure on food prices and agricultural margins, though the extent of the pass-through to consumers remains uncertain.