The great commodities disruption

trump's attack on iran rattled commodity markets, serving as a reminder that global supply chains are still deeply linked. oil prices spiked on the news, with brent crude jumping over 3% in early trading. gold also climbed, crossing $2,900 an ounce as investors shifted into safe havens. the strike targeted iranian military facilities, but traders immediately priced in the risk of a broader conflict that could choke the strait of hormuz — the chokepoint for roughly 20% of the world's oil shipments. iran's foreign ministry called the attack a "grave miscalculation," though no immediate retaliation was reported. the move also hit base metals. copper fell 1.5% on the london metal exchange, as the market weighed the chance of disrupted shipping lanes and slower chinese demand. the episode was a sharp reminder that even in a fragmented world, one strike can ripple through every corner of the commodity complex.