Disruption in oil markets drive commodity price and supply pressure in April in Commodity News 06/05/2026 Manufacturers around the world reported another month of disruption to both commodity price and supply according to the latest Global PMITM Commodity Price & Supply Indicators. All 25 monitored commodities saw above-average reports of price increases during April, led by Transport which recorded the strongest price pressures since data became available in January 2005. Transport charges rose at nearly 18 times the usual speed, amid global freight volatility and sharply rising oil prices. Reports of oil price increases were also the highest seen in the series history, as the war in the Middle East weighed heavily on global markets. Aside from Transport, only Semiconductors and Electrical Items recorded stronger price pressures than Oil, with the latter the most severe since June 2022. Meanwhile the Global Supply Shortage Index pointed to another uptick in commodity supply constraints in April. At 2.3, the index rose from 1.3 in March to reach the highest since November 2022. Oil registered the greatest degree of supply pressure, with reports of shortfalls ten times above the usual level. Of the 20 monitored commodities, 15 recorded above-average reports of supply constraints, with PVC, Polymers and Semiconductors all reaching multi-year highs. Commenting on the latest results, Usamah Bhatti, Economist at S&P Global Market Intelligence said: “Global manufacturers continued to endure heavy disruption in commodity markets as the war in the Middle East entered a second month. Overall price and supply pressures were at their highest for 47 and 41 months respectively, with oil being the standout commodity. Reported shortages were ten times the long-run average, which contributed to the most severe reports of price increases since data began in January 2005. Asa critical component in the manufacturing supply chain, oil drove price and supply disruption across th