El Nino conditions are linked to a weaker monsoon, while conflict in the Middle East drives up global commodity prices.
7 reports, 6 independent
Updated Aug 10
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What happened
El Nino conditions are linked to a weaker monsoon, while conflict in the Middle East drives up global commodity prices.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Hostilities between the US and Iran are raising energy costs, coinciding with El Nino and weak monsoon causing weather disruptions.Sub-event
- Regional conflict drives gold price volatility.Sub-event
- Middle East conflict drove international benchmark prices, involving entities including Malaysia.Sub-event
- Conflict in the Middle East is causing global commodity price hikes, leading to increased logistics costs and material inflation in key hubs like Chennai, Bengaluru, and Pune.Sub-event
- Shared market decline and high prices are being driven by geopolitical conflict.Sub-event
El Nino linked to weaker monsoon; Middle East conflict drives up commodity prices.1 source
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The entities involved
- India
- El Nino
-
Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- El Nino and geopolitical costs from the Middle East are weighing on India's economic outlook, specifically impacting GDP growth and exports.
- Escalation of Middle East conflict and intensifying El Niño conditions are reported.
- The war in the Middle East is driving inflation, while El Niño is linked to agricultural disruptions.
- In late 2007, El Niño caused significant weather disruptions, leading to reduced food production and the shutdown of key oil trade routes.
- El Nino is causing droughts and disrupted monsoons across Indonesia, the Amazon, India, and Australia, and is linked to fossil fuel climate change.