Middle East conflict drove international benchmark prices, involving entities including Malaysia.
6 reports, 2 independent
Updated Aug 14
Gone quiet
- Reports
- 6
- Developments
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New informationRepeats or wire copies
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What happened
Middle East conflict drove international benchmark prices, involving entities including Malaysia.
Who's involved
What this event is mainly aboutKeep exploring
Part of
El Nino conditions are linked to a weaker monsoon, while conflict in the Middle East drives up global commodity prices.Also in this story
- Hostilities between the US and Iran are raising energy costs, coinciding with El Nino and weak monsoon causing weather disruptions.
- Shared market decline and high prices are being driven by geopolitical conflict.
The entities involved
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
- ExxonMobil and Brookfield Renewable are expanding globally, increasing production in Guyana and Africa, while monitoring Brent crude prices and Middle East volatility.
- The World Bank reports on the severe economic collapse of Lebanon, noting its critical location at regional crossroads in the Middle East.
Related events
- Conflict in the Middle East is weighing on prices, reported by Statistics Canada.
- Missile strikes escalated the regional conflict, causing fuel prices to spike.
- Operational costs driven by the conflict in the Middle East are causing increases in diesel prices.
- Middle East conflict is impacting global supply chains and trade.
- Geopolitical tensions in the Middle East drove fuel price increases, leading to increased maintenance revenue for GMF AeroAsia.