Wheat prices are on track for their largest weekly increase in two months, with Chicago wheat futures rising nearly 4.5% this week. This surge is attributed to the ongoing conflict in Iran and dry weather conditions in the United States. A report from Mercy Corps highlights that disruptions in fuel, fertilizer, and shipping have severely impacted import-dependent economies, particularly affecting planting seasons in Somalia, Ethiopia, and Pakistan. The organization warns that food insecurity outcomes for 2026 and 2027 are now 'locked in' for some of the world's most vulnerable countries. The situation is exacerbated by a 150% spike in fuel prices in some markets, which has driven up transportation and water costs. In Somalia, the rising fuel costs have doubled the price of water in drought-affected areas. Additionally, humanitarian shipments to Sudan are being rerouted, adding significant transit times. The World Food Programme estimates that an additional 45 million people could be pushed into acute hunger globally as a result of these compounding crises.