How does geopolitical events impact commodity prices?

Geopolitical events such as wars, natural disasters, and political instability can have a significant impact on commodity prices. For example, if a country that is a major producer of a certain commodity experiences a natural disaster, the supply of that commodity may be disrupted, causing the price to increase. Similarly, if there is political instability in a country that produces a commodity, it may affect the production and supply chain, thereby impacting the price. Geopolitical events in major consuming countries can also impact demand for commodities, which can, in turn, impact prices. Therefore, it is important for commodity investors to keep an eye on geopolitical events that may affect the supply and demand dynamics of the market.