Jet fuel jumps 60 percent since Iran war, Charlie Bilello notes

Jet fuel jumps 60 percent since Iran war, Charlie Bilello notes
Jet fuel up 60 percent in war fallout

Charlie Bilello highlights significant increases in commodity prices since the start of the Iran war. According to Bilello, jet fuel prices have risen by 60 percent, while other key materials such as sulfur, urea, and heating oil saw gains between 46 and 53 percent.

Other commodities like Brent crude oil, gasoline, and WTI crude oil advanced about 35–36 percent. European natural gas, palm oil, coal, iron ore, and rice also posted smaller increases. In contrast, the S&P 500 index is up 3 percent, and VIX fell by 4 percent.

Earlier this year, Charlie Bilello observed the S&P 500 posted a 7% drop in the first 59 trading days, ranking as the 14th worst yearly start. Bilello has also noted expectations for the CPI to exceed 3 percent for March, describing inflation as a lagging indicator. These previous observations add context to his latest focus on commodities and relative equity market performance.

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