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.
2,160 total articles
The conflict involving U.S. and Israeli strikes on Iran that began on February 28 has severely disrupted oil flows through the Strait of Hormuz and knocked out large volumes of production, analysts say. A poll of market analysts now points to a cumulative supply shortfall this year, replacing earlier forecasts of a comfortable surplus. Restoring ou…
Oil prices spiked in early Asian trading after U.S. President Donald Trump ordered a naval blockade of the Strait of Hormuz. Brent crude climbed 8% to $102.93 a barrel as Central Command announced enforcement of a maritime blockade from 10:00 ET, following unsuccessful ceasefire negotiations with Iran.
On April 12, President Donald Trump announced via Truth Social that the U.S. Navy would immediately begin blockading the Strait of Hormuz and would interdict any vessel in international waters that had paid a toll to Iran. His statement came hours after U.S.-Iran peace talks concluded without a deal; Trump said the meeting "went well, most points w…
Peru holds a first-round presidential and congressional election on Sunday with a crowded ballot of over 30 candidates and no clear front-runner. With leading contenders polling well under the 50% threshold required to win outright, a runoff on June 7 is widely expected. The vote takes place amid sustained public frustration with political institut…
Irish police cleared tractors and trucks that had obstructed central Dublin for five days in protests over surging fuel prices, after demonstrators used heavy vehicles to block an oil refinery, ports and fuel distribution points across the country. The disruption left about a third of petrol stations without fuel and prompted the government to hold…
A recent BCA Research special report argues that gold remains highly liquid and offers diversification benefits that can outweigh the absence of yield in a high-rate environment. The study addresses execution concerns for large institutional allocations, evaluates different exposure vehicles, and frames gold as a core strategic holding amid fiscal …
Saudi Arabia said it has returned the East-West oil pipeline L1N40S100 to roughly 7 million barrels per day of pumping capacity after damage from attacks linked to the Iran conflict. The energy ministry reported recovery of affected volumes from the Manifa oilfield and said work continues to restore output at Khurais, following strikes that earlier…
South Korea is close to finalizing crude oil supply arrangements with Kazakhstan, Industry Minister Kim Jung-kwan said, with detailed volumes and terms expected to be announced early next week. The move forms part of a wider diplomatic effort that included visits to Kazakhstan, Oman and Saudi Arabia to secure crude and naphtha amid shipping disrupt…
China unveiled 10 incentive measures aimed at Taiwan following a visit by the island’s main opposition leader. Measures cover resumed flights, relaxed tourist restrictions, approval for certain mainland visitors, permission for Taiwanese cultural content in China, and steps to ease inspection standards for food and fishery products, although some a…
President Donald Trump posted on social media that U.S. forces have begun clearing the Strait of Hormuz and that Iran's minelaying vessels have been sunk. The announcement followed weeks of fears about attacks on shipping that effectively closed the waterway and disrupted global energy markets. Representatives from the U.S. and Iran began talks in …
Households and commercial drivers across the United States are adjusting travel and vehicle choices in response to a sharp run-up in fuel prices tied to the Iran war. Average U.S. pump prices for gasoline and diesel have climbed to levels not seen since early 2022, prompting reduced discretionary travel, longer detours to cheaper stations, and adop…
A U.S. delegation led by Vice President JD Vance departed for Islamabad on April 10 for talks intended to solidify a temporary ceasefire with Iran. Both sides have accused each other of violating commitments tied to the pause in hostilities, and Iranian negotiators say discussions cannot begin without clear concessions on Lebanon and the release of…
Two Democratic senators have formally requested that the U.S. Commodity Futures Trading Commission examine atypical trading activity in oil futures that occurred in the moments and hours before two public announcements by President Donald Trump concerning military operations and a ceasefire with Iran. The lawmakers say the timing and patterns of tr…
Analysts say the recent conflict involving Iran and strikes that began on February 28 have sharply reduced global oil output and constrained flows through the Strait of Hormuz, shifting the market from an anticipated 2026 surplus into an average annual supply shortfall. Poll respondents expect demand to exceed supply by roughly 750,000 barrels per …
Florida has recently paid well above the U.S. average for gasoline and diesel as the conflict between the U.S.-Israeli coalition and Iran disrupts flows through the Strait of Hormuz. With no in-state refineries or direct pipeline links from the U.S. Gulf Coast, the state must rely largely on barges for fuel delivered from Gulf Coast producers - a t…
Wall Street analysts present a mixed outlook for U.S. natural gas: prices have weakened in the near term following a mild winter, but long-term demand is expected to rise led by liquefied natural gas (LNG) exports and higher gas use for electricity generation, according to Morgan Stanley's report. Key macro data and energy price volatility are addi…
Saudi Arabia reported no immediate change in oil exports routed through the Red Sea after a drone strike damaged a pumping station on a major east-west pipeline. The attack reduced pipeline throughput by 700,000 barrels per day, but impacts at export terminals have not yet appeared as oil requires several days to transit the system. Authorities may…
European benchmark natural gas futures fell on Friday after Ukraine’s chief negotiator reported movement in talks with Russia and following a temporary U.S.-Iran ceasefire that eased recent supply fears tied to attacks on Qatari energy infrastructure. The Dutch TTF front-month contract dropped 4.4% to 44.25 euros per megawatt hour, while traders mo…
Germany's economy minister put forward targeted tax relief aimed at commuters and the logistics sector while rejecting a proposed energy windfall tax from the junior coalition partner. The disagreement has made public fissures between Chancellor Friedrich Merz's conservatives and finance minister Lars Klingbeil's Social Democrats as Germany grapple…
A last-minute, Pakistan-brokered two-week ceasefire briefly relieved markets, sending Brent and WTI from above $110 a barrel to below $100, boosting equities and government bonds and weakening the dollar. The truce quickly showed signs of strain after renewed attacks and disagreements over its scope, returning crude toward $100 a barrel and temperi…
British Prime Minister Keir Starmer said he and U.S. President Donald Trump discussed military capabilities and the logistics of moving vessels through the Strait of Hormuz following Starmer's visit to the Gulf. Starmer said a coalition of countries is being assembled and emphasized political and diplomatic work alongside operational planning, but …
The Kremlin said a visit to the United States by President Vladimir Putin’s special investment envoy does not signal a restart of negotiations on a settlement in Ukraine. Kremlin spokesman Dmitry Peskov characterized Kirill Dmitriev’s work as centered on economic issues, while President Putin announced a limited 32-hour ceasefire for Orthodox Easte…
As Peru enters the first round of its presidential election with more than 30 candidates and no clear frontrunner, the United States has escalated diplomatic and security engagement to reinforce ties with a major copper and critical minerals supplier that has deepened economic links with China. The effort, led by newly appointed U.S. ambassador Ber…
The Japanese government will release an additional 20 days' worth of oil reserves beginning in early May, a follow-up measure to a March drawdown intended to address supply uncertainty arising from the war in the Middle East. The March release amounted to roughly 50 days of supply and drew on a mix of government holdings, private sector stocks and …
Goldman Sachs says the 2022 energy crisis yields three clear lessons for interpreting the short- and long-term fallout from the 2026 Middle East war: lower-income economies are most exposed to price-driven supply squeezes; solar power benefits from an emphasis on localized energy security; and coal has resurged in some South and Southeast Asian mar…
