As Russian President Vladimir Putin’s attack on Ukraine rolls into its third week, countries worldwide are reeling from a surge in commodity prices since the onset of the conflict. The cost of oil catapulted to $130 per barrel but dropped on March 16 during an interlude over progress with peace talks between Putin’s administration and Ukraine’s President Volodymyr Zelenskyy’s government. Wheat prices have soared more than 60 percent in the past few weeks as Ukraine and Russia produce a quarter of the world’s supply of the essential grain. Meanwhile, other commodities like natural gas, steel, iron, coal, nickel, aluminum, platinum, palladium, neon, and agricultural products such as sunflower oil, dairy, and meat, are also experiencing considerable price inflation. “This is just the beginning. We’ll start seeing the real effects of shortages from the conflict in about six months,” Ukrainian economist and university professor Roman Sheremeta told The Epoch Times. The International Monetary …