Spain's Drought Crisis Causes Olive Oil Prices to Skyrocket.

The Mediterranean, especially Spain, is experiencing a shortage of olive oil due to a months-long drought and sweltering temperatures that have dried out olive trees, causing prices to spike. Spain, the top olive oil producer, has seen a significant drop in production due to "exceedingly poor" weather and lack of rainfall. Other parts of western Europe, including Italy, have also seen a dip in production, but nations with better weather, such as Greece and Turkey, are trying to pick up the slack.