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    Analysis

    March 20, 2026

    CRU: The macroeconomic impact of conflict in the Middle East

    Written by Alex Tuckett

    This item was first published by CRU. To learn about CRU’s global commodities research and analysis services, visit www.crugroup.com.

    The ongoing conflict in the Middle East has led to higher and more volatile energy prices, and impacts on numerous other commodity markets – in particular fertilizers and aluminum. If disruption to Middle Eastern supply continues, this will have a serious negative impact on the global economy. This Insight explores which economies are most exposed and quantifies what some of the impacts could be under different scenarios. 

    Alex Tuckett

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