Escalating tensions between Israel, Iran, and Hezbollah - despite fragile ceasefire efforts and US pressure - are destabilising the region and threatening wider conflict and energy markets.
Europe is reaffirming support for Ukraine amid intensifying conflict and reduced US focus, while rising geopolitical risks threaten oil supply and push prices higher.
Surging aluminium prices driven by Middle East supply risks are increasing industrial costs, especially for US solar projects, and may undermine project viability.
A major LNG supply shock from Middle East disruptions is tightening global markets, driving competition between Asia and Europe as China ramps up demand.
Container shipping rates are soaring due to strong early demand, high fuel costs, and ongoing Middle East disruptions constraining global capacity.