@royaards@newsie.social Cost of living (especially energy) is undeniably on the rise to to the war in the Middle East, I’m not sure I agree completely. Much of the oil and many derivatives currently on the market were actually purchased long ago, often through mechanisms such as futures contracts and long-term supply agreements. The same applies to the food supply chain: these systems move slowly. Agriculture follows seasonal cycles, and in many cases crops are harvested only once a year, so the effects tend to appear with a significant delay. Of course, one could argue that media and governments are using this narrative to justify certain market dynamics or lobbying interests, rather than describing a simple direct cause-and-effect relationship. The reality is that modern supply chains are extremely long and complex. Because of that, it seems difficult to attribute immediate price changes entirely to events that have only just occurred.