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Iran war shock is unlike past energy crises and could reshape global fuel markets

Iran war shock is unlike past energy crises and could reshape global fuel markets

The US-Israeli war with Iran and the closure of the Strait of Hormuz are triggering a massive oil and gas supply disruption, hitting crude, natural gas, and refined fuels at once. The reported daily output lost is being described as unprecedented, surpassing earlier major shocks and raising concerns about rapid price and availability swings worldwide.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Jefferies warns gold after frenzy buying as retail demand cools into consolidation phase

Jefferies warns gold after frenzy buying as retail demand cools into consolidation phase

Jefferies says gold has moved into a consolidation phase after a strong retail-led buying surge that peaked late last year and continued into early this year. The report points to broad demand across major markets including India, China, and the United States, suggesting the recent rally may be pausing rather than accelerating.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Global fertilizer scramble grows as urea and phosphate prices spike and food security fears mount

Global fertilizer scramble grows as urea and phosphate prices spike and food security fears mount

Fertilizer prices are surging, hitting key agricultural economies as urea and phosphate become harder and costlier to source. Major exporters are curbing sales to manage shortages and earnings, while importing countries hunt for alternative supplies, raising the risk of a wider food crisis if the imbalance persists.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Steel prices look set to stay high through 2026 as demand stays weak globally

Steel prices look set to stay high through 2026 as demand stays weak globally

Global steel demand is forecast to grow only 0.3% in 2026, dragged down by China, even as India is expected to stand out in the demand rebound in 2027. Steel prices are still climbing due to higher raw-material costs, tighter supply, and geopolitical risks. Aluminium is gaining, while copper, zinc and nickel edge lower amid volatility.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Vietnam coffee prices slip as demand stays thin and trade slows across Asia

Vietnam coffee prices slip as demand stays thin and trade slows across Asia

Coffee farmers in Vietnam’s main growing belt are selling at lower rates as overall trade slows and demand remains thin. Some Indonesian robusta is moving at more competitive premium levels, putting pressure on local pricing. A near-term fertilizer shortage is not yet evident, but concerns are growing if the Iran conflict drags on longer.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Dubai gold sells at steep discount as Middle East conflict snarls shipping

Dubai gold sells at steep discount as Middle East conflict snarls shipping

Gold held in Dubai is being sold at notable discounts as conflict across the Middle East disrupts flights and shipping. With delivery costs and timelines uncertain, buyers are holding back, pushing traders to price bullion up to $30 per ounce below global benchmarks. Some shipments still move, but delays are affecting India’s physical availability even as inventories remain adequate.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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India government closely tracks global commodities as Russia Ukraine shock hits oil markets

India government closely tracks global commodities as Russia Ukraine shock hits oil markets

India’s finance ministry says it is closely monitoring global commodity price swings triggered by the Russia Ukraine war, especially pressures affecting crude oil costs. Minister of State for Finance Pankaj Chaudhury added the government supports moves to release from Strategic Petroleum Reserves, aiming to reduce volatility and help calm rising fuel prices in markets.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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