Commodity markets on edge as India, Pakistan tensions rise

Singapore — Any escalation of conflict between India and Pakistan may impact currency, gold and shipping markets in the region, but other commodities are unlikely to see any immediate direct impact unless the situation drags on, analysts told S&P Global Platts Wednesday.
“There is no big oil shipping route in that region. Therefore, I would not see any big impact on the oil market immediately. But yes, it escalates geopolitical tensions around the region. So markets will be on tenterhooks,” said Sri Paravaikkarasu, Director for Oil at Facts Global Energy.
“I think the entire scenario will be negative for stock markets and currencies, but beyond that I don’t see any immediate impact on oil demand and other things,” said Amrita Sen, chief oil analyst at Energy Aspects…read more

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