# Emergency Pod: Gulf War III and Commodities

Page: https://stenobird.com/podcast/the-hc-commodities-podcast-1242341/emergency-pod-gulf-war-iii-and-commodities
Text version: https://stenobird.com/podcast/the-hc-commodities-podcast-1242341/emergency-pod-gulf-war-iii-and-commodities.md
Podcast: [The HC Commodities Podcast](https://stenobird.com/podcast/the-hc-commodities-podcast-1242341)
Published: 2026-03-04T13:10:57+00:00
Episode link: https://www.hcgroup.global/
Audio file: https://dts.podtrac.com/redirect.mp3/cdn.simplecast.com/media/audio/transcoded/911da7df-97ee-4074-95b8-cb7db4fd953e/f16f4497-1462-46a1-9e27-57c332c5c121/episodes/audio/group/a7c74b23-361c-4215-bd2f-d83c55361795/group-item/725a1ed1-1895-4b2d-8743-d26d4c90c6a0/128_default_tc.mp3?aid=rss_feed&feed=QXaWSc4o
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JSON: https://stenobird.com/v1/public/podcasts/the-hc-commodities-podcast-1242341/episodes/emergency-pod-gulf-war-iii-and-commodities
Duration seconds: 2675

## Resource

Nick Kumleben, Director of the Geopolitical Risk Consultancy founded by Niall Ferguson, Greenmantle, rejoins us to discuss the latest events in Middle East. What are the short, medium and long-term consequences of Israel and the US's joint attack on global trade and commodities. What are some non-linear effects and why ultimately duration is key.

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## Transcript

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