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.
2,522 total articles
Iran's Islamic Revolutionary Guard Corps (IRGC) reported ballistic missile strikes on a U.S. air base in Jordan and urged Jordanians to dismantle American bases. Jordanian forces said they intercepted four missiles that entered Jordanian airspace from Iranian territory. The U.S. Central Command completed a five-hour set of strikes ordered by Presid…
Gold prices changed little on Tuesday as markets balanced rising geopolitical strain in the Middle East against signals from a Federal Reserve governor that higher interest rates may be needed if inflation proves broad-based. Spot gold dipped marginally while futures also edged lower, with investors awaiting June U.S. consumer price data and congre…
The United Arab Emirates Ministry of Defence reported that two Emirati oil tankers, the Mombasa and Al Bahiyah, were struck by Iranian cruise missiles in the southern lane of the Strait of Hormuz while in Omani territorial waters. One Indian crew member was killed and eight others injured. The Islamic Revolutionary Guard Corps issued a separate acc…
Oil prices climbed further in Asian trading after a near 10% spike in the previous session, following the U.S. announcement that it will reinstate a naval blockade on Iran and levy a 20% charge on cargo passing through the Strait of Hormuz. The move, accompanied by recent attacks and counterattacks in the Gulf region, has heightened investor concer…
Oil prices rose about 2% to four-week highs as U.S.-Iran exchanges in the Strait of Hormuz intensified. Attacks on tankers, a U.S. reinstatement of a naval blockade and consecutive nights of strikes have added fresh risk to supply outlooks, while preliminary inventory polling signaled a fall in U.S. crude stocks and mixed product trends.
President Donald Trump said on July 13 that the United States is striking Iranian capabilities related to the Strait of Hormuz while U.S. forces are reported to be launching fresh strikes. He also indicated that a negotiated settlement with Tehran has not been ruled out and raised the possibility that Iran may have drones in Cuba, which U.S. offici…
Corn futures on the Chicago Board of Trade rose on Monday, with session highs reaching levels not seen in more than a month. Traders cited tightening weather prospects for U.S. corn during a critical pollination period and a sharp rise in crude oil after U.S. statements about reinstating a naval blockade on Iran, which heightened concerns over ship…
Saudi Arabia said air defences intercepted ballistic missiles launched by Yemen’s Houthi movement toward the kingdom’s southern region following Houthi accusations that Riyadh struck Sanaa International Airport. The episode tested a 2022 truce between the two sides, as reports emerged that an International Committee of the Red Cross plane was being…
The U.S. House of Representatives will consider legislation this week to make daylight saving time permanent nationwide while a separate bill seeks to establish standard time year-round. The House Rules Committee will meet to consider amendments before the full chamber votes. Congress previously saw a unanimous Senate vote in March 2022 for permane…
Vessel movements through the Strait of Hormuz fell to their lowest level in roughly two months as renewed strikes between U.S. and Iranian forces and attacks on ships prompted operators to adopt cautious routing and switch off AIS signals. Satellite imagery and ship-tracking data show a decline in visible tanker transits, an uptick in ship-to-ship …
Commercial tanker traffic through the Strait of Hormuz fell on Monday to its lowest level in two months, with oil and gas tankers at their lowest count since May 25, according to shipping analytics. Industry warnings underline the potential market consequences if disruptions continue, while naval advisories report continued but reduced commercial m…
President Donald Trump told Fox & Friends that the United States would likely assume operational control of the Strait of Hormuz and should be paid for safeguarding the waterway. The comments come after Iran announced the strait would remain closed following an alleged unauthorized transit, and after recent missile and drone exchanges between U.S. …
The levelized cost of electricity (LCOE) for combined-cycle natural gas plants in the United States rose to $90 per megawatt-hour in 2026, the highest reported since at least 2009, Lazard Inc. said. Lazard also reported double-digit increases in solar and onshore wind LCOEs, and noted that growth in demand from new data centers is expected to push …
Brazil’s forecast record coffee output of 66.7 million 60-kg bags faces the risk of a significant reduction as El Niño-driven heat and uneven rainfall threaten yields and quality. The Brazilian Coffee Industry Association (Abic) says production could fall 15% to 20%, yet industry representatives note advances in irrigation and crop technology have …
A string of favorable rulings and regulatory actions has eased pressure on major pesticide producers. The U.S. Supreme Court restricted state-level failure-to-warn claims against Bayer over glyphosate, while the EPA and the U.S. Fish and Wildlife Service issued determinations that maintain availability of dicamba and atrazine under specific conditi…
A sharp escalation in missile and drone strikes between Iranian forces and U.S. military units has seen Tehran target facilities across Gulf states and declare the Strait of Hormuz closed. The exchanges have driven a notable rise in oil prices, raised questions about shipping through the strait, and put fresh strain on a short-term U.S.-Iran agreem…
Wholesale natural gas prices in Europe rose to their highest in over a month after Iran said the Strait of Hormuz was closed 'until further notice' following fresh military exchanges. Benchmark Dutch and British contracts both jumped, while concerns over reduced storage and potential competition with Asian buyers amplified market nervosity.
Gold prices declined on Monday following renewed U.S. and Iranian military strikes over the weekend that pushed oil higher and revived concerns about an inflation rebound. At 21:00 ET (01:00 GMT), XAU/USD fell 1.19% to $4,072.06 an ounce and Gold Futures slipped 0.81% to $4,080.22 an ounce, extending losses after the yellow metal dropped 1.3% last …
Asian share indices slipped after Gulf clashes intensified and Iran said it had closed the Strait of Hormuz, sending Brent and U.S. crude sharply higher. The rise in oil supported a stronger dollar and pushed 10-year U.S. Treasury yields up marginally, reviving concerns about inflation and the odds of further Fed tightening ahead of a congressional…
Oil futures rose sharply in Asian trade after Iran said it had closed the Strait of Hormuz following expanded missile and drone strikes and a commercial vessel being hit. Brent and WTI climbed more than 3% on the news, extending gains from the prior week as markets weighed the potential for supply disruptions and slower shipping through a key expor…
Iran's Islamic Revolutionary Guard Corps (IRGC) announced the closure of the Strait of Hormuz after a vessel that had switched off its systems took an unauthorised course and was struck and halted. Tehran warned that any retaliatory action would be met with a 'severe response' and signalled the waterway would remain closed until further notice and …
Eni's chief executive warned that if the current conflict in the Middle East persists, global crude prices could move beyond the recent $80-$100 per barrel trading range and surpass $100 by the first quarter of 2027. He said temporary emergency releases from strategic oil reserves have helped moderate near-term price increases but cannot be sustain…
Chinese authorities have instructed several large domestic refineries to maintain or raise fuel processing rates as renewed fighting between Iran and the United States increases the risk of crude shipment disruptions through the Persian Gulf. The move aims to shore up domestic fuel availability even as local demand softens and inventories of gasoli…
President Donald Trump said the United States and Iran have agreed to continue negotiations even as he announced the end of a previously declared ceasefire. The move came amid a week of renewed hostilities that included attacks on commercial tankers, U.S. strikes on Iranian sites, and Iranian responses targeting U.S. military locations in Gulf stat…
Senior U.S. officials say Washington is insisting Iran issue a public declaration that it will stop attacking vessels in the Strait of Hormuz and that all shipping channels will remain open without tolls. Conversations between the two countries have been described as productive, but U.S. officials warn that failure to provide the statement will car…
