Price movements and fundamentals across major commodities.
Analysis and reporting on commodities such as oil, natural gas, gold, industrial metals, and agricultural products. Focuses on supply-demand dynamics, geopolitical risks, inventory trends, and macro drivers affecting commodity markets.
2,875 total articles
Goldman Sachs cautions that renewed clashes between the U.S. and Iran threaten the rebound in oil shipments through the Strait of Hormuz. A series of drone attacks on tankers, subsequent U.S. strikes and Iranian retaliation have unsettled the short-lived recovery in Persian Gulf flows, with strategists saying Iran’s willingness to allow safe passag…
Gold prices edged lower on Thursday as a firmer dollar and renewed U.S.-Iran hostilities heightened worries over persistent inflation and the prospect of extended high interest rates. Fed minutes showed policymakers divided on further rate hikes, while oil-linked inflation drivers and central bank caution continued to weigh on the yellow metal.
Crude futures advanced after Washington mounted fresh strikes on Iranian targets, reviving fears that renewed hostilities could impair shipments through the Strait of Hormuz. The market reaction follows recent attacks on commercial vessels in the region, official shipping advisories and warnings from both sides that could stall a tentative rebound …
Oil futures rose on Thursday after the United States carried out fresh strikes on Iran, undermining hopes for a quick de-escalation and weighing on prospects for unhindered passage through the Strait of Hormuz. Benchmarks moved higher in early trading and had already rallied in post-settlement activity following the initial U.S. strikes.
Oil prices climbed in post-settlement trading after the U.S. military initiated fresh strikes on Iran. Both Brent and U.S. West Texas Intermediate settled at two-week highs following U.S. presidential warnings of immediate further strikes and statements that an interim deal was "over". The strikes and related exchanges have heightened concerns over…
Corn futures on the Chicago Board of Trade fell on Wednesday as traders booked gains after an early-session push to one-month highs. Softer weather projections for the U.S. Midwest and a stronger dollar added downward pressure, even as ethanol production and inventories moved lower for the week ended July 3.
U.S. ultra-low sulfur diesel futures rallied sharply after Russia moved to halt diesel exports, producing the contract's largest one-day advance in four years. The surge reflects mounting supply pressures from strikes, production disruptions and below-average inventories in the United States, according to market observers and government data.
Iran has placed control of the Strait of Hormuz at the center of its strategic objectives, treating the waterway as a decisive leverage point it terms a "golden weapon." Recent incidents in which ships transited the strait without Tehran's approval and were fired upon have produced an exchange of fire with the United States and threaten the stabili…
At the NATO Summit in Ankara, U.S. President Donald Trump told reporters he believes Israel will withdraw troops from southern Lebanon, citing discussions with Israeli Prime Minister Benjamin Netanyahu and a security arrangement between Israel and Lebanon. The statement contrasts with Netanyahu's recent visit to territory held by Israeli forces, wh…
U.S. energy companies exported a record 8.73 million barrels per day of total petroleum products in the week ended July 3, according to the Energy Information Administration's weekly Petroleum Status Report. The export pace exceeded the previous weekly high of 8.22 million barrels per day recorded in early May. At the same time, U.S. crude inventor…
Wheat futures rose on Wednesday as market participants positioned for the U.S. Department of Agriculture's monthly supply and demand report due Friday, which will include end-June acreage and stocks estimates. Benchmark contracts advanced alongside soybeans, while Ukraine's farmers' union warned that rain in key regions could delay barley and wheat…
In Ankara on July 8, U.S. President Donald Trump warned Iran that additional U.S. strikes would likely follow on Wednesday night after recent exchanges of force. He said a memorandum of understanding that had acted as an initial ceasefire was "over," while stopping short of declaring a return to open war. The resurgence of hostilities has already p…
Fresh military exchanges between U.S. and Iranian forces and a U.S. move to revoke an Iranian oil sanctions waiver have pushed oil prices higher and unsettled global equity markets. Chip stocks led losses across Asian and U.S. markets, tipping South Korea's KOSPI into bear market territory even after large gains earlier in the year. Central bank ac…
Front-month wholesale gas contracts in the Netherlands and the UK jumped about 6% in afternoon trading after U.S. President Donald Trump voiced deep scepticism about the month-old Islamabad Memorandum of Understanding with Iran. The move came as Iran confirmed strikes on U.S. military bases in Kuwait and Bahrain, prompting market participants to ad…
Wholesale gas benchmarks in Europe climbed sharply after renewed hostilities in the Strait of Hormuz prompted fears of disruptions to global LNG shipping. The surge comes as Europe enters its summer restocking period with inventories reported as relatively high, but market participants have re-priced the risk of prolonged maritime interruptions.
Ukrainian commanders say Russian troops have begun hiding supplies in civilian vehicles and installing high-power jamming equipment designed to disrupt Starlink satellite links used to pilot mid-range drones. The tactics aim to blunt a campaign that has struck supply lines, fuel depots and command sites, though Ukrainian units continue to target ja…
At least four tankers attempting to transit the Strait of Hormuz changed course and returned after recent vessel attacks and reports of missile strikes elevated safety concerns. Analytics firms and ship-tracking data indicate three QatarEnergy-controlled LNG tankers and an Indian-flagged crude tanker aborted their transits, while a backlog of balla…
Iran’s Islamic Revolutionary Guard Corps reported coordinated missile and drone strikes on U.S. military positions in Bahrain and Kuwait following a fresh wave of U.S. strikes on Iranian targets. The exchange marks a severe rupture of a fragile ceasefire, with air raid sirens sounding in Gulf states, targeted damage and injuries reported, and oil m…
Gold prices stabilized in Asian markets as investors absorbed recent U.S.-Iran military actions and awaited the Federal Reserve's June meeting minutes for guidance on future interest rate policy. Spot bullion edged higher while futures eased, after a pronounced decline the previous session linked to heightened geopolitical tensions and a stronger d…
U.S. Central Command announced it completed a fresh set of strikes on Iran, targeting more than 80 sites and disabling a range of military systems and vessels. The move coincided with Washington revoking an oil sales license following attacks on three tankers in the Strait of Hormuz. Iran's military leadership has vowed a "crushing response," and o…
Oil futures climbed sharply after the U.S. military said it launched fresh strikes against Iran and moved to reimpose oil sanctions following attacks on vessels transiting the Strait of Hormuz. West Texas Intermediate rose to $72.45 a barrel while Brent had settled 5.5% higher the previous session, as traders weighed renewed shipping risks against …
U.S. oil benchmarks rose sharply in early trade following U.S. military strikes on Iran, a response to reported Iranian attacks on three commercial vessels transiting the Strait of Hormuz. West Texas Intermediate gained $1.95, or 2.8%, to $72.39 a barrel as of 2215 GMT, extending prior-session gains after the U.S. revoked a licence authorising sale…
Brazil's soluble coffee industry warned that a proposed 25% U.S. tariff on Brazilian instant coffee would push up costs for U.S. businesses and consumers by disrupting supplies of a product largely imported from Brazil. Industry representatives and U.S. coffee groups told U.S. Trade Representative hearings the levies could increase consumer prices,…
Oil futures jumped on Tuesday, with both Brent and U.S. West Texas Intermediate settling around 3% higher before extending gains in post-settlement trade. The moves followed a U.S. decision to revoke a general license permitting sales of Iranian crude and reports of attacks on vessels near the Strait of Hormuz. Market participants cited renewed geo…
The U.S. Energy Information Administration (EIA) raised its projection for worldwide crude oil production and trade flows after the Strait of Hormuz reopened following a June 18 agreement between the United States and Iran. The agency now expects flows to return to near pre-conflict levels by the end of this year, with most previously shut-in produ…
