By Admin 
Global EEnergy Mmarket Vvolatility: The impact of the ongoing war in the Middle East is now clearly visible on global energy markets. There is continuous ups and downs in the markets related to oil and gas. Besides, the weather related phenomenon El Nino is also increasing the concern. Due to both these reasons, there is a possibility of increasing pressure on inflation in the coming time.
A report by State Bank of India (SBI) says that the military conflict in the Middle East is no longer limited in scope. Its impact can be felt widely. Let us know about this…
What does the report say?
According to the SBI report, geopolitical tensions are directly affecting global energy prices. Along with this, changing weather patterns in 2026 can also affect inflation, which is likely to exert negative pressure on inflation.
The report further states that the impact of the current situation is also visible on the commodity markets. Where speculation has increased due to increasing uncertainty. Due to this situation, the actual demand of many sectors is also being affected.
The report advises that to reduce risks in future, attention should be paid to alternative sources of energy and it may also be necessary to adopt measures to limit energy consumption.
What is El Nino?
El Nino and La Nina are weather conditions that occur due to changes in the temperature of the Pacific Ocean. In fact, the temperature of the ocean and atmosphere fluctuates from time to time, which scientists consider to be a cycle. Two different stages of this cycle are called El Nino and La Nina, which affect the weather in many parts of the world.
Usually these conditions persist for about 9 to 12 months, but sometimes their effects can be seen for longer periods. During El Nino, the water in the eastern part of the Pacific Ocean becomes warmer than normal. Due to this, changes in rain, temperature and weather patterns may be seen in many countries.
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