News•Mar 30, 2026
The New Baseline
The ongoing war in Iran has morphed from a geopolitical flashpoint into a structural supply‑chain shock. Tehran’s continued control of the Strait of Hormuz, and the risk of spill‑over into the Bab al‑Mandeb, is tightening energy flows and inflating oil and LNG prices. Simultaneously, fertilizer feedstock costs and shipping bottlenecks are pushing food commodities higher, while industrial metals such as copper, aluminium and nickel are nearing record levels. Analysts now view these disruptions as the new baseline rather than a temporary spike.
