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
Related events
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- 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.
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