Consider the following statements regarding the El Niño–Southern Oscillation (ENSO) phenomenon and its teleconnections to global weather patterns:

Statements

1. During an El Niño event, sea surface temperatures in the tropical Pacific Ocean rise above normal, and this warming phase can simultaneously cause drought conditions in parts of Asia while bringing heavy rainfall to parts of Latin America.
2. El Niño suppresses human-driven global warming during the period it is active, because the additional oceanic heat it releases into the atmosphere is offset by altered atmospheric circulation patterns.
3. El Niño can affect food prices well in advance of actual harvest losses, because commodity markets respond to expectations of future shortages and uncertainty-driven volatility.