The escalating US–Iran conflict and Israel’s expansion into Lebanon have undermined ceasefire efforts, pushing peace prospects further away and increasing market uncertainty.
Oil prices have rebounded due to geopolitical tensions but remain volatile amid supply concerns and weakening demand signals from China’s slowing economy.
A fatal coal mine explosion in China has led to stricter safety checks, raising coal prices and triggering concerns over short-term supply disruptions.
The LNG market is shifting from a supply shock caused by Hormuz disruptions toward a potential long-term oversupply due to weakening demand and rising US exports.
Container shipping rates are rising sharply as conflict-driven fuel costs and reduced capacity lead carriers to pass expenses onto customers.