Markets & Conflict Impact

How active conflicts correlate with commodity price pressure

WarWatch aggregates publicly available news data. We do not take political positions on any conflict. All summaries and event descriptions are factual status updates sourced from publicly available reporting. Editorial Policy

⚔️

Total Conflicts

being tracked

🛢️

High Oil Risk

conflicts

🥇

High Gold Risk

conflicts

📊

Elevated

Risk Level

for commodities

Conflict Impact on Commodities

Conflict	Severity	🛢️ Oil	🥇 Gold
Iran–Israel–US War Iran, Israel, United States	Active War	🔴 high	🔴 high
Russia–Ukraine War Russia, Ukraine	Active War	🔴 high	🔴 high
Israel–Gaza War Israel, Palestine	Active War	🔴 high	🔴 high
Sudan Civil War Sudan	Active War	🟡 low	🟡 low
Myanmar Civil War Myanmar	Active War	⚪ none	🟡 low
Yemen–Houthi Conflict Yemen, Saudi Arabia, United States	Active War	🔴 high	🟠 medium
India–Pakistan Border Tensions India, Pakistan	Escalating	🟠 medium	🟠 medium
South China Sea Disputes China, Philippines, Vietnam, Taiwan	Escalating	🟠 medium	🟡 low
Haiti Security Crisis Haiti	Instability	⚪ none	⚪ none
Kosovo–Serbia Tensions Kosovo, Serbia	Instability	⚪ none	⚪ none

300×250

Critical Chokepoints at Risk

Strait of Hormuz

Iran–Israel–US, Yemen–Houthi

21% of global oil

Red Sea / Bab el-Mandeb

Yemen–Houthi

12% of global trade

Black Sea

Russia–Ukraine

Wheat & fertilizer routes

South China Sea

China–Philippines

$3T annual trade

300×600

Impact Key

🔴highDirect causal link

🟠mediumIndirect pressure

🟡lowMarginal effect

⚪noneNo notable effect

Market correlations are analytical assessments, not financial advice. Commodity prices are driven by many factors.