The conflict in the Middle East has driven costs up across various industries.

09:13, Fri, Mar 13, 2026 Updated: 09:15, Fri, Mar 13, 2026

Market trader selling fresh vegetables

Food costs in Majorca are rising (Image: Getty)

The conflict in the Middle East has had a significant impact on global economies, as it has driven up costs across various industries. Motorists have been severely impacted by the rising prices of petrol and diesel, and now concerns about food costs are also rising, including in Majorca, where a haulier warned about what the rising costs would mean for customers.

Bartolomé Servera, president of the Balearic Islands Food and Beverage Distributors Association, says European manufacturers have raised the alarm about rising food prices and claims "it won't be long" until Spanish manufacturers follow suit.

While the extent of the price increase remains unknown, Mr Severa claims that "it will be worse than in 2022, when the war in Ukraine began", reports Majorca Daily Bulletin.

Spain saw inflation exceed 10% in July 2022, though tensions across the Middle East could have a greater impact on industries depending on how long they last. This is particularly because 20% of the world's oil and gas passes through the Strait of Hormuz, located between the Persian Gulf and the Gulf of Oman.

Mr Severa also explained that the war has impacted the transport industry, with transport companies raising prices. Diesel has gone up by 32% per litre, which is another factor driving the cost of food items.

He said: "Milk, eggs, bread, fruit ... Everything needs fuel and electricity for its production and transport, so they won't escape the escalating costs, and producers will have to pass them on to consumers."

The Spanish Government is working on an aid package to alleviate price increases, similar to what they did at the beginning of the Russia-Ukraine war.

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Consumer affairs minister, Pablo Bustinduy, says the Government "will intervene to protect families and the working class".

He said: "We will do so, and it is very important to be able to control prices. The Government is developing a package of measures to protect citizens from the impact of this illegal war on the cost of living and energy."