Nournews: Nearly two months have elapsed since the beginning of hostilities by the United States and the Zionist regime against Iran, and unresolved tensions have placed global markets in a state of instability. During the period from April 20 to April 24, commodity market data indicate that these geopolitical developments directly affected prices, generating waves of increases and declines across various sectors.

Among these, the energy market showed the strongest reaction to the conditions. Brent crude oil recorded the largest increase among commodities, rising sharply by 13.5 percent. This price surge was largely driven by concerns over supply security along critical routes such as the Strait of Hormuz and the possibility of disruptions to energy exports. The increase in oil prices has not only raised transportation and production costs but has also fueled inflationary expectations worldwide.

Industrial metals were not immune to this trend. Nickel ranked second with a 6.3 percent increase, followed by cocoa with 4.8 percent growth and sugar with a 4.6 percent rise, placing them among the most volatile commodities. Coffee also rose by 3.7 percent, while wheat increased by 2.8 percent, reflecting mounting pressure on food markets. This trend could lead to higher consumer costs in various countries.

Among other metals, zinc and corn each recorded a 1.3 percent increase, while aluminum rose by 1.2 percent, indicating a more moderate upward trend. These limited increases suggest that although concerns persist in the market, the intensity of their impact has not been uniform across all sectors. Natural gas, with a slight decline of 0.3 percent, remained largely in a state of relative stability.

Conversely, some markets experienced downward trends. Gold fell by 2.6 percent, while silver recorded the most significant drop at 6.5 percent. Platinum and palladium also each declined by 4.5 percent. These decreases may be attributed to shifts in investor strategies and the movement of capital toward markets offering higher short-term returns.

In the agricultural sector, rice declined by 2.7 percent, and soybeans dropped by 0.5 percent. This occurred while other food items followed an upward trend, highlighting the uneven reactions of markets to recent developments.

Overall, ongoing tensions and recent developments in West Asia continue to act as a key factor shaping the direction of global markets. The continuation of this situation could lead to increased economic instability, intensified inflation, and more complex economic decision-making at the international level.