The Iran war has triggered major disruptions across multiple commodity markets, with crude oil, LNG, fertilizers, petrochemicals, and aluminum experiencing severe supply shortages, higher costs, and increased volatility.

Global inventories are falling rapidly as the world has already lost roughly 1 billion barrels of crude and condensate supply, while shortages are beginning to emerge across Asia.

The Iran war has triggered major disruptions across multiple commodity markets, with crude oil, LNG, fertilizers, petrochemicals, and aluminum experiencing severe supply…