Global Commodities Soar as War, Weather & Tariffs Upend Markets (Sept 25–26, 2025)
Oil hit a 7-week high after Russia halted most fuel exports, pushing Brent crude up 4% for the week and spiking global diesel prices. Gold peaked near $3,800/oz on safe-haven demand and trade tensions, while copper surged above $10,400/ton after a major Indonesian mine outage. Wheat rebounded on Black Sea conflict and weather risks. The U.S. and China escalated their trade war with new tariffs and export controls.