# Middle East conflict fuels rise in commodity prices | Reuters

> Commodity prices rose as the Middle East conflict spread to markets beyond energy. The excerpt is fragmentary and also references property weakness in China and NYMEX prices a fraction higher.

- Date: 2023-10-09 · published 2023-10-09T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/9277-middle-east-conflict-fuels-rise-in-commodity-prices-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Spillover from the conflict into broader commodity markets can lift input costs for feed producers. The effect is likely limited relative to the direct energy shock.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-09-07 | [Oil prices rise to six-week highs on worsening Middle East conflict \| Reuters](https://feedsoft.ai/events/17631-oil-prices-rise-to-six-week-highs-on-worsening-middle-east-conflict-reuters.md) | +9.3% | +3.6% |
| WTI | 2026-03-04 | [US diesel hits $4 per gallon as fuel costs rise amid escalating Middle East conflict \| Reuters](https://feedsoft.ai/events/5530-us-diesel-hits-4-per-gallon-as-fuel-costs-rise-amid-escalating-middle-east.md) | +12.2% | +37.4% |
| WTI | 2024-10-31 | [Oil Rises On Middle East Conflict Escalation Fears](https://feedsoft.ai/events/28028-oil-rises-on-middle-east-conflict-escalation-fears.md) | +4.5% | +0.2% |
| WTI | 2025-06-11 | [Oil prices jumps 4% to 2-month high as tensions rise in Middle East \| Reuters](https://feedsoft.ai/events/11156-oil-prices-jumps-4-to-2-month-high-as-tensions-rise-in-middle-east-reuters.md) | +15.2% | +5.8% |
| WTI | 2025-06-13 | [Diesel most exposed to Middle East conflict, US futures surge 8% \| Reuters](https://feedsoft.ai/events/7756-diesel-most-exposed-to-middle-east-conflict-us-futures-surge-8-reuters.md) | +10.2% | +1.1% |
| BRENT | 2026-09-07 | [Oil prices rise to six-week highs on worsening Middle East conflict \| Reuters](https://feedsoft.ai/events/17631-oil-prices-rise-to-six-week-highs-on-worsening-middle-east-conflict-reuters.md) | +12.0% | +18.6% |
| BRENT | 2026-03-01 | [Euro, yen slide as Middle East conflict escalates \| Reuters](https://feedsoft.ai/events/11001-euro-yen-slide-as-middle-east-conflict-escalates-reuters.md) | +31.0% | +62.6% |
| BRENT | 2024-10-31 | [Oil Rises On Middle East Conflict Escalation Fears](https://feedsoft.ai/events/28028-oil-rises-on-middle-east-conflict-escalation-fears.md) | +3.9% | +0.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/commodities-middle-east-conflict-fuels-rise-commodity-prices-2023-10-09/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.