Nournews: The sharp increase in global market prices after the war-mongering actions of the American–Zionist coalition against Iran has once again shown how geopolitical conflicts can rapidly turn into widespread economic crises. Data from global markets indicates that within a short period, a wide range of key commodities has experienced significant price surges—surges that have affected not only major industries but also the daily lives of people around the world.
At the top of these increases is jet fuel, with a rise of over 60 percent. This factor has sharply increased the cost of air transportation and global supply chains, raising the final price of many goods. Following that, sulfur rose by 53 percent and urea by 49 percent, placing additional pressure on the chemical industry and the agricultural sector. This directly affects food prices, as chemical fertilizers are among the most important inputs in agricultural production.
In the energy sector, heating oil and diesel have each increased by 46 percent, reflecting a sharp rise in global heating and transportation costs. Brent crude oil rose by 36 percent and WTI crude by 35 percent, once again highlighting the critical role of political stability in determining energy prices. A 35 percent increase in gasoline has also directly raised the cost of daily life and created a chain effect on the prices of goods and services.
Meanwhile, a 33 percent rise in European natural gas prices has sounded a serious alarm for the continent’s energy security. This price increase could lead to reduced industrial output and higher consumer costs. In addition, chemical fertilizers have also risen by 35 percent, putting further pressure on the agricultural sector and potentially leading to higher global food prices in the near future.
Even basic commodities have not been immune to this inflationary wave. Palm oil has increased by 14 percent, coal by 12 percent, iron ore by 8 percent, and rice by 6 percent. This shows that the effects of war are not limited to energy alone, but extend across the entire production and consumption chain.
Overall, rising energy costs, increasing input prices, and higher prices of essential goods all indicate that ordinary people around the world are paying the real cost of these tensions. In such conditions, the continuation of a trajectory shaped by the destructive policies associated with Trump and Netanyahu could deepen economic divides, fuel global inflation, and reduce overall welfare—once again highlighting the urgent need to avoid tension-driven policies and move toward stability and international cooperation.
Nournews