Bad news for Americans: grocery prices keep climbing while Iran peace talks go nowhere and Trump cuts food aid.

• US envoys went to Switzerland for Iran talks, but Iran is refusing to show up until the fighting stops in Gaza and Lebanon.
• Israel keeps striking both areas, killing more people even as the talks were supposed to begin, so there's no real progress.
• Food prices are crushing regular Americans — ground beef near $8 a pound, a single steak over $40, basic grocery runs topping $100.
• Trump's new bill cuts food stamps by a huge amount over the next decade, while pushing for more military spending.
• Most Americans across all income levels now feel the system is rigged against them, and Trump's approval is stuck in the 30s.

Outlook: Even if the Strait of Hormuz reopens, high food and energy costs are already locked in, so the squeeze on Americans likely continues.