(Bloomberg) – Oil traders will attempt to assess the global market impact of potential Iranian attacks on Israel over the weekend, while the metal world watches for the effects of sanctions imposed by the London Metal Exchange on new Russian supplies. Meanwhile, the annual BNEF Summit will be held in New York, bringing together project developers, government officials, and bankers to discuss global trends in energy transition.

Here are five notable charts to consider when looking at global commodity markets this week.

Aluminum

LMIE has imposed a ban on the delivery of new Russian metals following sanctions by the US and UK, but left the door open to increased market volatility from the influx of old stocks and pricing uncertainties. Since April 13, no Russian metal produced will be eligible for delivery on the LMIE, which serves as the global benchmark for everything from copper to zinc. Aluminum, which has been rising steadily since the end of February, surged by over 6% in open trading.

Clean Tech

According to BloombergNEF, the world’s dependence on China has increased for essential technologies necessary to support a shift away from fossil fuels towards renewable energy. Dangerous spending has increased China’s share of global production capacity in 11 key clean technologies segments by over 80%. In the coming years, China’s capacity could surpass global demand for solar, batteries, and electric vehicles. One of the topics discussed at the BloombergNEF summit on Tuesday and Wednesday will likely be the supply chain for clean energy.

Oil

The global benchmark Brent crude has ignored Iran’s attack on Israel over the weekend, but a dangerous new phase has opened in the Middle East conflict with the direct assault. The growth market will necessitate a reassessment of the geo-political risk premium, which needs to be applied to the market where tight supply-demand fundamentals have already propelled prices above $90 per barrel. This region produces approximately a third of the world’s crude oil.

Eggs.

Bird flu is spreading again: Top American egg producer has reported the worst outbreak of avian flu in the United States since December this month, while highly pathogenic avian influenza virus has made a comeback in dairy herds. So far, egg prices have remained relatively stable, but with the peak migration season of wild birds amid extreme weather conditions, more laying hens could potentially be at risk of the virus, leading to a possible increase in prices. The worst outbreak ever since it was first detected in February 2022 in the United States has yet to be fully eradicated.

Energy

A strong rally in energy shares, particularly in oil and fuel, is gaining momentum, helping them outperform technology indicators this year. The energy select sector exchange-traded fund (ETF) or XLE has risen nearly 15% since the beginning of the year, compared to just a 7% increase in the Nasdaq 100 index. The increase in oil prices, rising above $80 per barrel for West Texas Intermediate crude in mid-March, has provided a boost to the energy sector. Since the beginning of March, energy has led the S&P 500’s 11 market sectors, outpacing the next closest group, communication services, which has risen by more than 11%, while the broad index has seen a decrease of 0.3%.