British officials have warned that global food prices could rise due to the economic impact of the ongoing war involving Iran. Prime Minister Sir Keir Starmer is scheduled to meet business leaders at Downing Street on Monday to discuss the issue. The warning follows Iran’s blockade of the Strait of Hormuz, which has already driven up oil prices and raised concerns about fertilizer costs, according to a maritime analyst.

Lars Jensen, founder and CEO of shipping consultancy Vespucci Maritime, told BBC Radio 4’s Today program that 20 to 30 percent of the world’s seaborne fertilizer originates from the Persian Gulf region. He cautioned that this disruption could cause food prices to increase rapidly, particularly in poorer countries. The UK’s National Farmers Union also warned that higher fuel and fertilizer costs would inevitably push up domestic food prices.

The discussions at Downing Street are expected to focus on mitigating the potential economic fallout and ensuring stability in the UK’s food supply chain.