Iran War: It's Not Just About Oil; Conflict Disrupts Supplies of Other Essentials

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The surge in global commodity prices caused by the U.S.-Israeli war with Iran extends well beyond energy markets, according to a New York Times analysis, which highlights that, from basic plastics and fertilizers produced in Saudi Arabia and Oman to sugar from Brazil and helium from Qatar, the conflict has affected the prices, supply or production of a variety of commodities essential to the global economy. The extent of disruption in these markets will depend largely on the duration of the