Energy and commodities have exploded since the Iran conflict started. This isn't just headlines — it's real cost pressure hitting the economy.
Sulfur +146%, European nat gas +98%, heating oil +63%. These aren't speculative trades, they're supply chain shocks filtering into everything downstream.
Oil up 35% across the board. Food staples like rice and wheat up 15-35%. Fertilizer (DAP) up 26%. This is the kind of stuff that shows up in grocery bills and utility costs in 3-6 months.
Geopolitical risk isn't abstract when it drives energy and food prices. It squeezes consumers, pressures margins, and complicates the Fed's job. Inflation doesn't care about your portfolio allocation.
Watch how this plays out in CPI prints and corporate earnings calls. The market might ignore it today, but households won't.
Sulfur +146%, European nat gas +98%, heating oil +63%. These aren't speculative trades, they're supply chain shocks filtering into everything downstream.
Oil up 35% across the board. Food staples like rice and wheat up 15-35%. Fertilizer (DAP) up 26%. This is the kind of stuff that shows up in grocery bills and utility costs in 3-6 months.
Geopolitical risk isn't abstract when it drives energy and food prices. It squeezes consumers, pressures margins, and complicates the Fed's job. Inflation doesn't care about your portfolio allocation.
Watch how this plays out in CPI prints and corporate earnings calls. The market might ignore it today, but households won't.