Top 5 Commodities Affected by Iran War

Top 5 Commodities Affected by Iran War

The Middle East conflict has triggered widespread supply shocks for multiple commodities, deeply impacting the global energy, petrochemical, agriculture, and shipping industries, among others. The disruption of shipping through the Strait of Hormuz, which handles nearly 27% of global maritime oil trade, has triggered historic shortages and long-term operational strain on the Gulf’s energy infrastructure,…

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Russian nuclear chief makes worrying announcement during TV interview: ‘The task is set’

Russian nuclear chief makes worrying announcement during TV interview: ‘The task is set’

Russia has said it will help China surpass the United States in nuclear energy capacity, which could change the global energy balance. According to Reuters, Rosatom head Alexei Likhachev told Russian state television that Russia is already supporting China’s nuclear development. China had 53.2 gigawatts of nuclear reactor capacity as of April 2024, while the…

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