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Commercial fisherman Bob Maharry, right, and deckhand Drake Hoffman guide a basket of Dungeness crabs while unloading at Safe Coast Seafoods in San Francisco, Calif. on March 18, 2021. Photo: Stephen Lam/The San Francisco Chronicle via Getty Images

The price of seafood is soaring, prompting some restaurants to pull items like scallops and crab off the menu completely, Bloomberg reports.

Driving the news: A confluence of factors are causing the price spikes, including congested ports, lack of fishers and truck drivers, coupled with a high demand for seafood at restaurants, per Bloomberg.

  • Seafood prices rose about 11% in the 12 months through early July from the previous period, per Bloomberg.
  • "Distributors used to hustle and bustle to get your business,” Jay Herrington, who owns Fish On Fire in Orlando, told Bloomberg. Now, “you don’t get a delivery, or it’s a late delivery. Sometimes we have to go and pick it up."
  • Herrington raised entree prices by as much as $3 to offset the higher costs, according to Bloomberg. "There’s just no stopping it," he said.

The big picture: The spike in seafood prices comes amid amid a "broader inflationary surge working its way through the U.S. economy," Bloomberg writes.

  • Restaurants nationwide — that are trying to recover from the pandemic —are struggling to hire back workers and face shortages of supplies, such as condiment packets and takeout packaging, and other food products, including chicken wings.

Go deeper

What's behind the rising energy prices

Illustration: Sarah Grillo/Axios

Energy prices are climbing around the world amid a perfect storm of extreme weather, rising power demand, and supply constraints. It’s roiling markets overseas, with China and India facing electricity crises while a dozen power companies in the U.K. have gone belly-up.

Driving the news: Oil prices jumped again Monday after OPEC decided not to boost production beyond the modest increase that it had previously outlined.

Updated 8 hours ago - World

U.S. airstrike kills senior al-Qaeda leader in Syria, DOD says

A displacement camp near the village of Qah in Syria's northwestern Idlib province. Photo: Ahmad Al-Atrash/AFP via Getty Images

A U.S. airstrike in northwest Syria on Friday killed senior al-Qaeda leader Abdul Hamid al-Matar, U.S. Central Command said in a statement.

Why it matters: Syria serves as a "safe haven" for the extremist group to plan external operations, according to U.S. Army Maj. John Rigsbee.

Updated 13 hours ago - Politics & Policy

Giuliani associate Lev Parnas convicted of campaign finance crimes

Lev Parnas, a former associate of then-President Donald Trump’s personal lawyer Rudy Giuliani. Photo: Stefani Reynolds/Bloomberg via Getty Images

Florida businessman Lev Parnas was convicted Friday on charges of conspiracy to make foreign contributions to political campaigns, according to multiple outlets.

Why it matters: Prosecutors said Parnas, then an associate of former President Donald Trump's personal lawyer Rudy Giuliani, funneled over $150,000 from a Russian businessman into U.S. campaigns as part of an effort to land licenses in the U.S.'s legal cannabis industry.