El Nino conditions are linked to a weaker monsoon, while conflict in the Middle East drives up global commodity prices.
Steady: 0 in the last 7 days
Updated sep 27
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How it started
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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
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
- The Middle East conflict is driving up fuel costs and worsening inflation, prompting the RBA to raise interest rates.
- War fallout is impacting global oil flows, with risks in the Strait of Hormuz affecting oil imports, while India contends with geopolitical market pressures and intensifying competition for winter gas supply.
Related events
- El Niño drives heat waves and drought risk, with Pacific Ocean conditions affecting global weather patterns across regions including California, Colorado, and the Indian Ocean.
- El Nino is causing global weather patterns to bring heat and dryness to various regions, testing global food output.
- Escalating conflict in the Middle East is causing oil prices to rise, impacting global markets tracked from London and the New York Mercantile Exchange.
- El Nino could spark extreme weather globally, with specific mention of England.
- The Middle East conflict is causing oil price increases and inflation, leading central banks to manage policy amid global pressures.