Geopolitical tensions in the Middle East led to a significant rise in the HWWI Commodity Price Index in March, pushing it above 230 points (OECD import weighting, 2017–2019). This was driven in particular by rising energy prices, which were characterized by higher oil prices and an overall tense situation in the energy markets. This resulted in significant price increases, particularly in the energy commodities subindex. This development consequently also affected the overall index, in which energy commodities account for a significant share in line with their weighting.