Fresh efforts to end the war in Ukraine are putting renewed scrutiny on what will happen to the flow of multiple raw materials that have been upended by the near-four-year conflict.
Russia’s invasion sparked a reordering of oil, gas and agriculture flows. Whether commodities markets are about to reshuffle again in the next few months will be shaped by if the conflict is halted. There’s also no clarity how quickly and when sanctions against Moscow will be lifted and in what order. Russia would also need to stick to any deal.