Pistachio Prices Hit Eight-Year High on War in Major Grower Iran

After upending global supply chains that move critical fuels and fertilizers, the war in Iran has pushed prices of a popular nut grown in the country - pistachios - to an eight-year high.

Iran is the world’s second-largest producer of pistachios, which are eaten by themselves and are also a common ingredient in ice cream, chocolate and beverages. The conflict is crunching supplies in an already constrained market at a time when consumer appetite is surging.