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Iran War Enters Fourth Day, Driving Higher Crude Prices and Broad Commodity Swings
The US-Israeli war on Iran intensified into its fourth day, with Tehran reporting a death toll of 787 as strikes continue to target leadership and infrastructure. Israel’s campaign, initially described as a two-week operation, is reportedly advancing faster than expected, with no firm end date signaled. US President Donald Trump said the war could last four to five weeks.
Global markets remain on edge. Crude oil surged nearly 4% in overnight trade, while European equities fell sharply. US stock futures also pointed lower, with the three major indices last shedding about 2%...
How the US‑Iran Conflict Is Affecting Global Commodity Markets
US and Israeli strikes on Iran over the weekend, which killed Iran’s Supreme Leader Ayatollah Ali Khamenei, have sparked significant disruptions in energy, freight, and wider commodity and agricultural markets.
Oil surged at the start of the week, global stock markets wavered, and the energy and shipping sectors have become central to an escalating crisis as commercial traffic through the Strait of Hormuz has halted to a near standstill.
On Monday, the US-Israeli air campaign against Iran escalated, extending the conflict to Lebanon as Israel responded to strikes by...
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