MYSTEEL: Commodity premium risks from Mid-East conflict seen topping out

The military confrontation among United States, Iran, and Israel that erupted in late February has rapidly escalated Middle East geopolitical risks to a boiling point, Mysteel Global noted.

Within 24 hours, a series of dramatic events – including the blockade of the Strait of Hormuz, the death of Iran's Supreme Leader, and disruption to a critical global energy artery – have injected substantial risk premiums across commodity markets worldwide as well. Shipping costs surge as transport efficiency drops The