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Oil Deficits, India Sugar Ban, Wheat Surge, and Gold Market Turbulence
Description
We break down a landmark day in global trade as the IEA warns of a historic oil supply shock caused by the Iran war. We explore India’s dual shock—banning sugar exports and hiking gold duties—and analyze the $18.5 billion Equinox-Orla merger that signals a massive shift toward "safe haven" mining in Canada. Plus, why El Niño and high input costs are threatening global food security.
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