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Potential trade implications of a North Korean conflict

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Tension surrounding North Korea has continued to build. The situation in the region has the potential to play out in numerous different scenarios. The region is a vital export destination for producers of natural resources around the world accounting for the bulk of global exports for some commodities. What we want to assess here is in the unlikely event where military conflict causes a disruption to trade in region, what would the impact be on various commodities?

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