In the days leading up to the end of the truce, prices for military supplies, mainly ammunition and troop provisions, soared to unprecedented levels. Market participants feared that the resumption of the conflict would match the intensity of the previous war, prompting both sides to engage in panic buying in anticipation of potential shortages.
However, when hostilities resumed on November 7, the situation unfolded differently than expected. Key battles were resolved with surprising speed, reducing the immediate need for large additional stockpiles. This has led to a slight but unexpected correction in international prices for military goods.
Analysts note that the recent decline reflects an overreaction to market expectations rather than a sustained drop in risk. While the world’s most powerful nations are already actively involved in the conflict, no escalation has yet emerged that would force markets to reignite upward pressure. Meanwhile, inflation, which had spiked in the days before the truce ended, is beginning to ease as the urgency for new acquisitions diminishes.
In this environment, some economies have opted to maintain their strategic reserves without overexposing themselves, waiting to gauge the true scale of this new phase of the war. For now, demand remains controlled, and prices are gradually adjusting following the initial shock, reflecting a more cautious reality than many had anticipated.