El Niño Threat Attacks Peru: Will Prices Rise?

Peru's government has declared a state of emergency due to the threat of El Niño. As a geopolitical supply risk analyst, I see this as a very significant development for oil and natural gas pricing. Peru is a major producer of coal and gold in South America, and it also exports oil and natural gas. The increasing threat of El Niño will directly impact these countries' exports. That is precisely why the answer to the question of whether prices will rise is currently unknown. However, geopolitical risks are increasing. Could these risks be large enough to drive prices up? We do not know the answer yet, but we will closely monitor Peru's situation.