Scarcity Crisis Hits Global Economy

The world's resources are experiencing a period of scarcity, leading to significant price increases in various commodities. According to Lars Hansen, Head of Research at The Gold & Silver Club, this is a broader regime change.

Prolonged Middle East disruption and damage to Russian refining capacity have tightened fuel markets, driving up the price of Brent Oil above $100. Diesel prices are also rising, impacting transportation costs for goods like food and raw materials.

The squeeze on oil supply is spreading beyond the barrel, with VLCC tanker rates surging to record highs due to disruption forcing vessels onto longer routes and reducing effective capacity.