HSBC has issued a research report indicating that global commodity markets are entering a "super squeeze" due to significant supply disruptions. The report highlights that prolonged closure of the Strait of Hormuz could rapidly deplete global commodity inventories, potentially driving prices of certain commodities to critical levels. The ongoing Middle East conflict has already impacted aluminum production, causing prices to reach a four-year high. Copper prices are also rising, nearing $14,000 per ton, supported by recovering end-user demand. Additionally, HSBC notes tightening supply pressures in crude oil, LNG, agricultural products, and industrial metals.