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
A White House-brokered agreement extended a ceasefire between Israel and Lebanon by three weeks as President Donald Trump said he is willing to wait for what he called the "best deal" to resolve the wider conflict with Iran. Despite the extension, clashes continued in southern Lebanon, Iran asserted tighter control over the Strait of Hormuz and U.S…
The United States and the European Union will sign a memorandum of understanding on Friday establishing a partnership focused on critical minerals. The State Department said U.S. Secretary of State Marco Rubio and EU Trade Commissioner Maros Sefcovic will attend the signing. The move comes amid U.S. efforts to secure access to critical mineral rese…
Oil prices rose in Asian trade as concerns about a prolonged U.S.-Iran conflict intensified after President Donald Trump said he was in no rush to end the war. Brent climbed above $106 a barrel and U.S. crude neared $97, with both contracts posting double-digit weekly gains amid reports of strikes, diplomatic setbacks and continued disruptions in t…
Oil prices rose on Friday as investors reacted to Iranian footage showing commandos boarding a cargo vessel in the Strait of Hormuz and to reports that Tehran's air defences had engaged "hostile targets." Brent and West Texas Intermediate both advanced over 1% in early trading, building on a more than 3% gain the previous session after similar repo…
President Donald Trump told reporters on April 23 that Americans should expect to pay more for gasoline "for a little while," acknowledging a recent rise in energy prices tied to the Iran war. The conflict has disrupted traffic through the Strait of Hormuz and contributed to higher global energy costs, posing political and economic challenges ahead…
The U.S. Nuclear Regulatory Commission has renewed the operating license for Duke Energy’s Robinson Nuclear Plant for an additional 20 years, allowing the Hartsville, South Carolina plant to continue generating electricity until 2050. The facility supplies power equivalent to around 570,000 homes and represents roughly half of Duke Energy’s custome…
President Donald Trump told reporters he would not use a nuclear weapon in the conflict with Iran, saying U.S. forces have already inflicted severe damage using conventional means. He declined to commit to a timetable for a long-term peace deal, saying negotiators should not be rushed and that he seeks an enduring agreement.
Two sources familiar with the decision say the White House is expected to extend a waiver of the Jones Act for as long as 90 days as early as Friday. The anticipated extension would temporarily relax the requirement that cargo moved between U.S. ports travel on American-built, -owned and -crewed vessels, permitting foreign-flagged ships to carry fu…
Prime Minister Mark Carney said U.S. President Donald Trump has not raised the idea that Canada must pay an "entry fee" ahead of the scheduled review of the USMCA. Canadian officials say the review timetable has been disrupted by tariffs imposed last year and that wrapping up by the July 1 deadline is unlikely, with Ottawa insisting on addressing a…
A recent shipment of Russian Urals crude delivered to Cuba has been refined and distributed, temporarily reducing widespread rolling blackouts. Officials say the volume will cover only a few days of fuel needs and that Cuba would require multiple similar deliveries each month to sustain power generation and industrial activity. Moscow has signaled …
Four European embassies have accused Russian authorities of attempting to obliterate remembrance of atrocities carried out under Soviet leader Josef Stalin after a memorial complex in Tomsk honoring victims of the NKVD was unexpectedly dismantled. The memorial - located on land thought to be a mass grave and including the so-called "Stone of Grief"…
On April 23, a Malta-flagged tanker completed a cross-country delivery of U.S. crude from Phillips 66’s Beaumont terminal to Monroe Energy’s Trainer refinery in Pennsylvania under a temporary Jones Act waiver issued by President Donald Trump. Ship tracking data from Kpler and LSEG show the HTM Warrior loaded light, sweet Bakken crude in early April…
A recent operation using a swarm of small, fast Iranian boats to seize two container ships near the Strait of Hormuz underscores the persistent asymmetric maritime threat that remains despite strikes on Iran’s conventional navy. The tactic - backed by heavily armed Revolutionary Guards crews and integrated with shore-based missiles, drones, mines a…
European natural gas benchmarks rose Thursday as military and maritime confrontations between the United States and Iran intensified. Market attention centered on a fresh U.S. seizure of an Iranian-affiliated tanker and Iranian boarding actions in the Strait of Hormuz, even after a ceasefire extension was announced. Supply disruption concerns and d…
The European Union’s approval of a 90-billion-euro loan provides Ukraine with critical budgetary breathing room and averts imminent cuts to public services, but economists and Ukrainian officials say the package will not fully cover rising military and energy-related costs. Only half of the loan will be disbursed this year, with the balance arrivin…
Two container ships seized near the Strait of Hormuz by Iran’s Islamic Revolutionary Guard Corps are being moved toward Bandar Abbas with about 40 seafarers onboard. Countries whose nationals are on the vessels have reported their crews safe but are seeking more information, as Iran vows retaliation after U.S. forces seized an Iranian cargo ship da…
Summary: The European Union will announce eased state aid rules to allow governments to shield households and key sectors from energy price rises linked to the Iran war. Brussels intends the measures to be targeted and temporary, but nine European finance officials and analysts warned that widespread fuel duty cuts, VAT relief and price caps alread…
Global crude prices climbed again this week, pushing Brent above $100 per barrel and prompting a pullback in equity markets despite a string of strong results from technology and industrial firms. Tensions between the United States and Iran, including a U.S. maritime blockade and continued Iranian attacks in the Strait of Hormuz, have coincided wit…
The U.N. Development Programme head warned that the Iran war’s disruptions to fuel and fertiliser supplies - compounded by blocked shipping through the Strait of Hormuz - are already reducing agricultural productivity and will push more than 30 million people back into poverty, even if hostilities end quickly. The crisis has eroded global output an…
A Netherlands-based chemicals distributor majority-owned by U.S. private equity firm Advent International is the focus of both criminal and regulatory probes in Brazil over alleged links between its methanol sales and a large fuel fraud operation run by the First Capital Command (PCC). Prosecutors and the national fuel regulator have raised questio…
Brazil’s government projects a 13% increase in exports by 2038 if the EU-Mercosur free trade agreement is fully enforced, with industrial exports potentially rising 26%. The deal, signed in January, phases out tariffs and immediately begins gradual tariff removal, including zero duties on close to 5,000 products from May 1. Legal challenges in the …
European wholesale gas prices climbed as forecasts for colder weather combined with renewed geopolitical strain linked to US-Iran talks. The benchmark Dutch front-month contract at the TTF hub rose to 45.40 euros per megawatt hour, reflecting a modest intraday gain amid continued uncertainty over shipping in the Strait of Hormuz and the status of p…
The closure of the Strait of Hormuz has prompted policymakers in Asia to reassess the vulnerability of other critical sea lanes, notably the Strait of Malacca. The 900-km channel is the world’s busiest route for international trade and the largest oil transit chokepoint, carrying significant volumes of crude destined for major East Asian economies.…
Iran seized two commercial vessels in the Strait of Hormuz after the U.S. president said he would indefinitely hold off renewed attacks while waiting for proposals from mediators. Tehran has not acknowledged any truce extension, and Iranian leaders say a full ceasefire requires lifting what they call a U.S. naval blockade. The blockade and seizures…
Gold prices declined in Asian trade, extending losses and briefly slipping beneath a recent two-week trading band as uncertainty around U.S.-Iran negotiations and prospects for U.S. interest rates supported the dollar and reduced appetite for bullion. Spot gold and futures each fell about 0.7%, while silver and platinum recorded larger percentage d…
