Iran war tightens 'super-squeeze' in global metals markets

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The Financial Times reported Wednesday that the Iran conflict has triggered a "super-squeeze" in metals markets, with crude up 37% since hostilities began in March.�

Closure of the Strait of Hormuz has severed supply of raw materials and petrochemical feedstocks, with aluminium futures up 50% year-on-year by April.�

Exxon Mobil warned oil inventories are nearing "really, really low levels," signaling further price surges ahead, according to CNBC.� #global #GlobalMarket