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
President Donald Trump warned of additional U.S. strikes on Kharg Island, a key Iranian oil export facility, and urged several countries to deploy warships to protect the Strait of Hormuz. Tehran pledged intensified retaliation as the conflict entered its third week, intermittently disrupting oil shipping and prompting heightened security and evacu…
Brent crude repeatedly probing the $100-per-barrel threshold amid the widening U.S.-Israel-Iran conflict has created a split economic signal for the United States. Higher prices increase consumer fuel costs and feed headline inflation, yet the U.S. role as the world's top oil producer - with output near 13.3 million barrels per day - channels part …
Japan will begin releasing a record 80 million barrels of crude from strategic reserves on March 15 to blunt the immediate supply and price shock from the U.S.-Israeli war on Iran. The measure, which will cut national reserves by 17%, includes a release of private-sector stocks and planned use of state reserves later this month. Tokyo is coordinati…
Operations at the UAE export terminal in Fujairah have resumed after a temporary halt caused by a drone strike that sparked a fire. The port, which links to a 370-kilometer pipeline enabling exports that avoid the Strait of Hormuz, began loading crude again once authorities put out flames caused by intercepted drone debris. The incident highlights …
Indonesia's fiscal position is under renewed strain as conflict in the Persian Gulf drives crude toward $100 per barrel while the annual Eid Al-Fitr migration approaches. Officials and analysts warn that existing fuel price caps and low domestic fuel stocks, combined with a forecasted 12% increase in gasoline consumption for the holiday period, cou…
SLB expects a modest but tangible hit to first-quarter earnings per share as conflict in the Middle East curtails flows through the Strait of Hormuz and forces output reductions across several Gulf producers. Morgan Stanley highlights rising logistical expenses, rapidly filling storage, and a concentrated regional revenue exposure for oilfield serv…
Senior U.S. and Chinese economic officials are meeting in Paris to work through remaining issues in the October 2025 trade truce and to smooth the way for a late-March summit between U.S. President Donald Trump and Chinese President Xi Jinping. Talks will address U.S. tariffs, access to Chinese rare earths and magnets, U.S. high-tech export control…
Iran has threatened broader retaliation after U.S. and Israeli airstrikes struck its energy infrastructure. President Donald Trump called on allied countries to deploy warships to protect the Strait of Hormuz as missile and drone attacks continue to affect energy facilities and shipping hubs in the Gulf. The conflict shows no signs of abating and i…
Hamas publicly asked Iran not to direct military strikes at neighbouring countries while reaffirming Tehran’s right to respond to U.S.-Israeli attacks, marking the group’s first explicit comment on Iranian policy. The statement called for an immediate end to the war from regional states and international organisations, amid ongoing flare-ups since …
U.S. strikes on Kharg Island hit military targets on a facility that handles about 90% of Iran's oil exports. Traders and analysts are monitoring the island's pipelines, terminals and storage tanks for damage that could tighten an already fragile supply picture, while Tehran warns of retaliatory action against energy assets linked to the U.S.
The Trump administration has formally requested an exchange of 86 million barrels from the U.S. Strategic Petroleum Reserve, the opening move in a broader coordinated release intended to relieve fuel price pressure caused by halted shipping through the Strait of Hormuz. Deliveries are expected to begin by the end of next week, and companies partici…
President Donald Trump urged other nations to dispatch naval vessels to the Strait of Hormuz after Iran threatened broader retaliation for U.S. strikes on Kharg Island, a critical hub for Iranian oil exports. Tehran warned it could disrupt shipping through the strait, raising the prospect of severe impacts on global energy flows. The conflict has e…
The U.S. Treasury issued three updated general licenses on Friday that broaden waivers to Venezuela-related sanctions. The changes are intended to facilitate investment and activities tied to Venezuela's energy sector and to permit fertilizer exports directly to the United States, with the stated goal of supporting American farmers and maintaining …
Disruptions to shipping from the Persian Gulf tied to the Iran conflict have tightened global fertilizer availability, driving prices sharply higher and leaving U.S. and Canadian growers facing shortages and the risk that needed supplies will arrive too late for the 2026 crop season. Industry analysts, farm groups and a state senator have raised al…
U.S. military leaders have escalated the inquiry into a February 28 strike that struck the Shajareh Tayyebeh girls' school in Iran, following early findings suggesting U.S. forces may have been responsible. The Defense Department has appointed an external general officer to lead a more independent, administrative probe known as a 15-6. Iranian auth…
California is experiencing outsized increases in fuel costs compared with the rest of the United States as disruptions linked to the war in Iran constrain supplies and disrupt trade flows through the Strait of Hormuz. Structural features - a mandated gasoline blend and limited pipeline connectivity - isolate the state from broader domestic markets,…
Since strikes began on February 28, a limited number of Greek-owned and Chinese-operated tankers and dry bulk vessels have traversed the Strait of Hormuz, accepting exposure to mines, missiles and drones in exchange for sharply higher earnings. The voyages underscore how surging crude prices and record tanker rates are motivating owners to undertak…
Iran has effectively closed the Strait of Hormuz in retaliation for U.S.-Israeli strikes, halting a waterway that normally handles about one-fifth of global oil and liquefied natural gas shipments. Traffic has collapsed by roughly 97% since the conflict expanded at the end of February, United Nations data show. The geography of the strait, the tact…
A White House official, speaking on condition of anonymity, restated President Trump’s comments that Washington is engaged in talks with Havana and that Cuban leaders should reach a deal, which the president believes could be 'very easily made.' Cuban President Miguel Diaz-Canel confirmed negotiations are taking place as the nation faces acute shor…
The International Energy Agency has called the closure of the Strait of Hormuz the largest interruption to global oil supplies in history, estimating a roughly 8 million barrels per day reduction in March — about 8% of global output. IEA members agreed to release a record 400 million barrels from strategic reserves to steady markets. This article s…
An Italian foreign ministry source has denied reports that Italy is negotiating with Iran to guarantee safe transit for Italian ships or oil tankers through the Strait of Hormuz. The ministry reiterated Rome's focus on diplomatic efforts aimed at broad military de-escalation and rejected the notion of arrangements that would shield some merchant ve…
A senior UAE diplomat said Iran must halt attacks on neighbouring states before mediation can take place, expressing confidence that U.S. President Donald Trump will lead efforts to a diplomatic end to the war. The minister described Iranian strikes on the UAE as shocking and egregious, defended the UAE’s close coordination with the United States, …
U.S. Defense Secretary Pete Hegseth said Iran's newly named supreme leader is wounded and likely disfigured, casting doubt on his authority after a wave of strikes. Iranian state media and an Iranian official have described him as war-wounded and lightly injured, respectively. The Pentagon emphasized U.S. operations targeting Iran's missile, drone …
Iran has effectively weaponized the Strait of Hormuz, using a campaign of missile and drone attacks and restrictions on tanker traffic to impose a severe shock on global oil and liquefied natural gas flows. Regional sources and analysts say the move is an intentional strategic response to military inferiority, designed to create economic pain that …
French President Emmanuel Macron said that U.S. waivers permitting purchases of some sanctioned Russian oil products are short-term and narrowly scoped. Speaking alongside Ukrainian President Volodymyr Zelenskiy at a Paris press event, Macron reaffirmed that the G7’s position remains to maintain sanctions on Russia and that neither France nor Europ…
