OPEC Output Plunges, Iran War Fallout Emerges, Cuban Coffee Expands

Got story updates? Submit your updates here. ›

OPEC oil output recorded its steepest monthly drop in decades in March as the Middle East conflict disrupted exports and shut down the Strait of Hormuz, sending crude prices near $120 per barrel and raising fuel costs globally. Early signs of the Iran war's economic fallout are emerging in the U.S., from rising fuel costs and mortgage rates to looming price increases on everyday goods. Meanwhile, Elisa's Cuban Coffee and Kitchen is expanding from a popular Baton Rouge food truck into its first brick-and-mortar location.

Why it matters

The steep drop in OPEC production and the emerging economic fallout from the Iran war highlight the significant impact that geopolitical conflicts can have on global energy markets and the broader economy. As energy prices rise and supply chains face disruptions, consumers and businesses will feel the pinch through higher costs. The expansion of Elisa's Cuban Coffee, on the other hand, represents a local business success story and the growing demand for authentic international cuisine.

The details

OPEC oil output fell by about 25% in March as the Middle East conflict disrupted exports and shut down the Strait of Hormuz, a critical global trade route. This steep drop in production sent crude prices near $120 per barrel, raising fuel costs worldwide. While some supply is being rerouted, analysts warn that these constraints could persist, prolonging pressure on energy markets and inflation. In the U.S., early signs of the Iran war's economic fallout include rising fuel costs, higher mortgage rates, and looming price increases on everyday goods. While growth remains steady, experts warn that prolonged conflict could trigger broader inflation, supply chain disruptions, and global recession risks, with energy markets and key trade routes at the center of mounting uncertainty. Elisa's Cuban Coffee and Kitchen is expanding from a popular Baton Rouge food truck into its first brick-and-mortar location on South Sherwood Forest Boulevard, with an opening planned for late April or early May. New owners Katia Torres and Irania Viant aim to bring authentic Cuban flavors to a broader audience, offering dine-in, takeout, and drive-thru service after three years of building a local following.

• OPEC oil output fell by about 25% in March 2026.
• Elisa's Cuban Coffee and Kitchen plans to open its first brick-and-mortar location in late April or early May 2026.

What’s next

Analysts will continue to monitor the impact of the Middle East conflict on global energy markets and the broader economy in the coming months.