While global markets are fixated on the Gulf, cast a weather eye on the Eastern Pacific where a Super El Nino climate event is developing. It could lead to Climate Whiplash events in terms of flood, storms and drought, food inflation and increasing migration tensions. It never rains, but it pours – and that’s not necessarily good for the most important commodity on the planet: Water!
https://morningporridge.com/blog/geopolitics/climate-change/forget-iran-worry-about-climate-whiplash-and-el-nino/

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