A remarkable series of events over the past few weeks have sent commodity markets analysts scrambling to assess how the prices of oil, gas, aluminum, and other commodities might be affected by rising geopolitical tensions between powers on opposing sides of the multi-party proxy war in Syria.
One stream of events centers on actions by the United States to isolate and weaken the economies of Russia and Iran, two countries seen by the US foreign and military policy establishment as enemies — the former a “revisionist power,” the latter a “rogue regime,” in the language of the official new 2018 National Defense Strategy of the United States.
