Global commodity prices have eased following a recent US-Iran agreement. The price of Brent crude fell significantly in June, reaching $73 per barrel. This decrease has also been seen in urea prices, which are now below pre-conflict levels.

In the region, annual inflation remains uneven. Some countries, such as Iran and Türkiye, are experiencing high price pressures, while others have seen stable or easing inflation. Further information on the current market situation is available from ReliefWeb, including details on cereal and natural gas prices, as well as food basket costs in the region.