Deglobalization has accelerated into a defining force reshaping global markets. In 2026, this theme is expected to deepen and broaden across economic, geopolitical and investment landscapes. The old global order is dissolving, marked by aggressive geopolitical maneuvers and rising tensions that are destabilizing the international system. From a commodities perspective, nations are increasingly prioritizing sovereignty and resilience over efficiency, which is driving structural inflationary pressures and altering global commodity flows. Hard assets, critical minerals and energy security are emerging as strategic ... (full story)