⚔ Geopolitics risk-off · 1–3 years
A what‑if from the future

What if a dominant producer weaponises strategic commodity stockpiles?

A dominant producer manipulates strategic commodity stockpiles (oil, grain, metals) to coerce buyers, injecting volatility into global commodity markets.

10%
our model probability
over 1–3 years
prediction markets — wisdom of the crowd
loading live odds…
Empirically anchored 10% · 90% range 2–17% · 40 analogues · measured class trade_war 98% in 3 yr · 3% held back for the unknown
how we built this number — every step
Measured class rate — trade_war ≈1.3449/yr → 98% in 3 yr98%
Analyst prior · editorial share 8% of the class8%
Pooled · weight 87%10%
Crowd — no liquid market
Reserve 3% · no extremizing (×1.0)10%
Published10%

The class rate is measured from our dated, sourced event library (decade-normalized Poisson — the full table is public at base_rates.json). The variant’s share within its class is the analyst’s editorial call, published so you can audit it. A wider range means thinner precedent. Full recipe: methodology · scored at Reality Check.

The butterfly cascade

How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.

Resolution timeline — how this probability is moving

Our model's odds (gold) over time vs the crowd's (Polymarket, blue), from the past toward the 1–3 years horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. The gold path is an illustrative reconstruction anchored to today's estimate — real dated events, not a live re-estimate history.

loading the timeline…

What it would mean

If this plays out, it is a risk-off shock. A dominant producer manipulates strategic commodity stockpiles (oil, grain, metals) to coerce buyers, injecting volatility into global commodity markets. The trigger decomposes into signed root‑shocks — Food inflation ▲ · Geopolitical risk ▲ · Oil supply risk ▲ · Trade tension ▲ — which propagate through our causal graph to the markets below.

If it happens — the markets it would move

Biggest moves first. Projected moves are cascade-model priors; hist A–B% = what comparable past events actually did (measured abnormal returns), and model prior · unmeasured marks markets with no analogue backing yet. Tap any market for its price history.

MarketClassProjected move
1Volatility (VIX) VIXon Hyperliquid 📈 chartVol▲ +6.5%
hist +2.06–+4.43% · other way -3.16% (n=12)
2Nasdaq 100 NDXon Hyperliquid 📈 chartIndex▼ -3.7%
hist -2.07–-1.09% · other way -0.58% (n=12)
3Tech sector XLK 📈 chartEquity▼ -2.6%
hist -1.67–-0.74% · other way -0.48% (n=12)
4Semiconductors SMHon Hyperliquid 📈 chartEquity▼ -2.3%
hist -1.47–-0.85% · other way +0.56% (n=12)
5Nvidia NVDAon Hyperliquid 📈 chartEquity▼ -1.9%
hist -4.33–+0.44% · other way +1.2% (n=12)
6Brent crude BRENTon Hyperliquid 📈 chartCommodity▲ +1.8%
hist -0.44–+1.25% · other way -3.86% (n=12)
7TSMC TSMon Hyperliquid 📈 chartEquity▼ -1.7%
hist -2.24–-0.03% · other way +1.09% (n=12)
8WTI crude CLon Hyperliquid 📈 chartCommodity▲ +1.5%
hist -2.09–+1.3% · other way -3.53% (n=12)
9AMD AMDon Hyperliquid 📈 chartEquity▼ -1.5%
hist -1.63–-0.14% · other way -0.85% (n=12)
10Broadcom AVGOon Hyperliquid 📈 chartEquity▼ -1.5%
hist -1.32–+0.7% · other way -2.41% (n=12)
11Micron MUon Hyperliquid 📈 chartEquity▼ -1.5%
hist -0.97–-0.49% · other way +1.98% (n=12)
12Marvell MRVLon Hyperliquid 📈 chartEquity▼ -1.5%
hist -1.65–-0.14% · other way +1.53% (n=12)
13ASML ASMLon Hyperliquid 📈 chartEquity▼ -1.4%
hist -2.17–+0.15% · other way -3.79% (n=12)
14S&P 500 SPXon Hyperliquid 📈 chartIndex▼ -1.3%
hist -2.04–+0.12% · other way +1.53% (n=12)

Probable recommendation

If the scenario above plays out, the probable cross‑asset positioning → a scenario‑conditional read, not personalized investment advice
Cash / hedgeRaise cash and hold the long hedges above; this scenario is net risk-off.
For a common-man portfolio: A typical stock-heavy portfolio is at risk. Consider trimming equities, raising cash, and a small gold hedge.
Also moves (not yet on Hyperliquid): Tech sector -2.6% · Chinese yuan -0.7% · United Airlines -0.9% · ExxonMobil +0.8% · Chevron +0.7% · Delta -0.8%

Historical precedent — what analogous events actually did

Across 40 analogous events (overlap‑weighted), as abnormal returns — market beta stripped, so it's the event's own effect, not the market backdrop. Shown at 20 days (persistent) and 5 days (immediate); ↺ fades = the two horizons disagree. Confidence = consistency × sample × significance.

Israel strikes Iran — Operation Rising Lion 2025-06 China retaliates to Liberation Day: 34% tariffs + rare-earth controls 2025-04 Gold tops $3,000 for the first time amid tariff and rate-cut fears 2025-03 October 2024 Iranian ballistic-missile attack on Israel 2024-10 Saudi-Russia oil price war 2020-03 Chinese yuan breaks 7 per dollar; US names China manipulator 2019-08 OPEC abandons output defense, opting for market share vs US shale 2014-11 1986 oil price collapse 1986-02 Gold peaks at $850 1980-01 Iran hostage crisis / US freezes Iranian assets 1979-11 1979 Iranian Revolution oil shock 1979-01 Iranian Revolution oil shock 1978-12 Smoot-Hawley clears the US House 1929-05 US-China extend tariff truce by another 90 days 2025-08 US and China agree Geneva tariff truce, slashing rates 2025-05 Hezbollah pager and device explosions across Lebanon 2024-09 April 2024 Iranian drone-and-missile barrage on Israel 2024-04 Ukrainian drone strikes hit Russian refineries, lifting crude and gasoline 2024-03 Wagner Group mutiny against the Kremlin 2023-06 ExxonMobil posts most profitable year for any US oil company 2023-01 August 2022 hot CPI 2022-09 Powell's hawkish 'pain' speech at Jackson Hole 2022-08 US-led 240-million-barrel SPR release answers the Ukraine spike 2022-03 Houthi drone-and-missile strike on Aramco's Jeddah depot 2022-03 Houthi drone-and-missile attack on Abu Dhabi oil sites lifts Brent to 7-year high 2022-01 Turkish lira record low on rate cuts 2021-11 Abqaiq-Khurais strike triggers the biggest Brent spike on record 2019-09 Houthi drones strike Saudi East-West crude pipeline 2019-05 Bitcoin Cash hash war capitulation 2018-11 US List 3 tariffs on $200B of Chinese goods finalized 2018-09 US Section 301 List 1 tariffs take effect on China 2018-07 China retaliates: $50B tariff list incl. soybeans 2018-04 US Section 232 steel & aluminum tariffs imposed 2018-03 February 2018 hot wage print triggers rate scare 2018-02 North Korea sixth nuclear test 2017-09 North Korea 'fire and fury' nuclear scare 2017-08 Mexican peso crash on Trump 2016 win 2016-11 Libya civil war halts output and lifts Brent above $100 2011-02 Egyptian revolution / Mubarak uprising 2011-01 ECB's ill-timed pre-crisis rate hike 2008-07
AssetHistory saysAbnormal (20d · 5d)HitnConfidencevs cascade
COIN COINLONG+10.6% · 5d +3.7%74%17 0.41⚠ differs
CNY CNYSHORT-0.8% · 5d -0.2%69%34 0.38✓ matches cascade
BABA BABASHORT-2.7% · 5d -2.6%68%31 0.32✓ matches cascade
AMD AMDSHORT-0.9% · 5d -0.8%68%35 0.29✓ matches cascade
XCU XCUSHORT-0.6% · 5d -0.6%67%34 0.27✓ matches cascade
NVDA NVDASHORT-3.1% · 5d -5.0%65%34 0.25✓ matches cascade
10y yield DGS10LONG+12bp · 5d +7bp62%39 0.23✓ matches cascade
AUD AUDSHORT-1.1% · 5d -0.3%64%34 0.22✓ matches cascade
CL CLSHORT-2.5% · 5d -1.9%63%34 0.21⚠ differs
KWEB KWEBSHORT-1.5% · 5d -1.0%62%31 0.21✓ matches cascade
SOL SOLLONG+0.4% · 5d -6.8% ↺ fades66%17 0.20⚠ differs
ETH ETHSHORT-2.9% · 5d -4.5%63%27 0.20✓ matches cascade
XOM XOMSHORT-0.5% · 5d -0.8%60%39 0.19⚠ differs
30y yield DGS30LONG+11bp · 5d +6bp60%39 0.19✓ matches cascade

Methodology. Probability and impact are anchored to history and scored against what actually happens — wins and losses, in public, at Reality Check. Crowd odds live from Polymarket & Kalshi. By Vikas Singh, Quantitative Strategist. Updated 2026-07-03.