“It’s Getting Worse”: HSBC Warns Commodities Face Squeeze As Chokepoint Chaos Spreads The key takeaway heading into the weekend is that maritime chokepoint chaos has spread from the Strait of Hormuz to the Bab el-Mandeb Strait, while fighting across the Black Sea has intensified between Russia and Ukraine. The widening disruptions have prompted several institutional desks this week to warn that a potential squeeze on physical commodity markets could send prices from energy to agricultural goods higher. “The Middle East conflict has escalated, putting a substantial squeeze back into commodity markets,” Paul Bloxham, HSBC’s chief economist for Australia, New Zealand… — Continue at ZeroHedge News : Read More
