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
Escalation of conflict in the Middle East has disrupted shipments through the Strait of Hormuz and forced production cuts at regional fertiliser facilities, sending fertiliser and fuel prices sharply higher just as Northern Hemisphere farmers prepare for spring planting. The squeeze is prompting some growers to consider changing crop plans or cutti…
The U.S. Treasury Department is preparing to unveil measures as soon as Thursday designed to address rising energy costs, potentially including steps involving the oil futures market, a senior White House official said. The contemplated approach would represent an uncommon effort to influence fuel prices via financial markets rather than through ad…
President Donald Trump told Reuters he will not release oil from the Strategic Petroleum Reserve despite a recent uptick in U.S. gasoline prices tied to the widening Iran conflict. He emphasized that the U.S. military operation takes precedence and expressed confidence that shipping routes such as the Strait of Hormuz will remain open.
Major maritime labour and industry groups have secured protections allowing seafarers to refuse to operate in the Middle East Gulf, including the Strait of Hormuz, after the threat level for the region was elevated to its highest setting. The negotiated terms include company-funded repatriation, minimum compensation of two months' basic wage, highe…
Prime Minister Keir Starmer said the United Kingdom and the United States continue to operate a close intelligence and defence partnership after U.S. criticism of his initial hesitation to allow use of British bases for strikes. Starmer defended withholding base access initially and later joining 'defensive' operations after Iranian retaliation, wh…
British Prime Minister reiterated that the UK is reinforcing its defensive posture in the Middle East by sending four more Typhoon fighter jets to Qatar. He defended the government's measured approach after criticism from international partners and a drone strike on a UK base in Cyprus, saying the UK had already been pre-deploying equipment across …
Israel has started to reopen its airspace following the outbreak of an Iran air war that began on Saturday, allowing a limited number of inbound flights to land at Ben Gurion International Airport. The Transportation Ministry reports that over 20,000 Israelis have returned since the conflict began, while about 120,000 remain abroad and are seeking …
Officials have signaled a preference for measures aimed at steadying shipping and oil markets as energy prices climb amid the Iran-related conflict. Wolfe Research, in a note led by Tobin Marcus, concluded a proposed government-backed maritime insurance program appears legally achievable under the U.S. International Development Finance Corporation,…
Israeli military operations against Iran have progressed into a second phase focused on underground facilities that store ballistic missiles and related equipment, according to two sources with direct knowledge of campaign planning. The joint U.S.-Israeli air campaign entered its first week after opening strikes killed Iran’s leadership and trigger…
Hostilities between the United States, Israel and Iran expanded sharply after a U.S. submarine torpedoed an Iranian frigate off Sri Lanka, resulting in dozens of deaths and missing crew, while NATO air defences intercepted an Iranian ballistic missile fired toward Turkey. The developments coincide with leadership uncertainty in Tehran and continuin…
Global equity markets staged a broad rebound, led by a sharp recovery in South Korea and gains in Japan, while U.S. indexes advanced on upbeat macro prints. Energy markets moved higher on the prospect of continued disruption in the Strait of Hormuz, and investors are watching upcoming U.S. labor data and other economic releases for further directio…
Indian refiners have begun taking on Russian crude cargoes that have been anchored in Indian waters, sources with direct knowledge said. The move comes as refiners seek to cover a narrowing supply window after reductions in Middle Eastern crude shipments, with several large tankers due to offload at state-owned and commercial ports this week.
An Iranian warship, IRIS Dena, was struck by a U.S. submarine-launched torpedo and sank on March 4 in the Indian Ocean. The ship had recently taken part in India’s MILAN naval exercise and went down within Sri Lanka’s exclusive economic zone near Galle. Sri Lankan authorities conducted search-and-rescue operations; 87 bodies were recovered, 32 sail…
Mexico's anti-corruption ministry has expanded internal investigations into suspected fuel smuggling at the ports of Guaymas, Tampico and Ensenada, and has ordered reviews within the Navy and customs agency. The action follows parliamentary questions from the opposition and stems from a 2025 investigation that drew attention to cartel-linked fuel c…
UBS strategists warn that silver is likely to experience continued volatility driven by recent geopolitical tensions but offer limited upside over the next 12 months. The bank expects prices to hover near $85 per ounce after a sharp rally and elevated market swings, with a mid-2026 peak near $100/oz before easing back toward $85 by March 2027.
China's recently announced 15th five-year plan lays out sectoral priorities with specific mentions of rare earths, efforts to curb overcapacity in heavy industry, carbon intensity targets, and production goals in oil, gas and agriculture. The plan reiterates support for domestic mining and explores export control measures while stopping short of ma…
Russia has publicly accused the United States and Israel of attempting to pull Arab Gulf countries into a wider regional conflict by provoking Iran into retaliatory strikes. Moscow says Iranian drone and missile attacks have followed air strikes by the United States and Israel and that these attacks have struck oil infrastructure and caused human a…
Summary - Iran launched a large-scale missile attack against Israel early on Thursday, sending civilians into shelters and intensifying a conflict that has broadened across the region. In Washington, Republican senators blocked a procedural motion that would have required congressional authorization to halt the U.S. air campaign, leaving the presid…
Oil prices climbed more than 3% in Asian trade as the Middle East conflict extended into a sixth day without signs of cooling, sparking renewed concerns about disruptions to crude flows through the Strait of Hormuz and prompting volatile market reactions despite a large U.S. stock build reported by the API.
Gold prices advanced in Asian trade as renewed conflict in the Middle East pushed investors toward safe-haven assets while a retreat in the U.S. dollar provided additional support. Spot gold rose 0.8% to $5,179.60 an ounce by 21:09 ET (02:09 GMT), after a 1% gain in the previous session that followed a near 5% drop earlier in the week.
Global crude prices rose sharply as the widening U.S.-Iran conflict has effectively choked traffic through the Strait of Hormuz and pressured regional output. Brent and U.S. West Texas Intermediate futures jumped on concerns over suspended shipping, production cutbacks in Iraq and force majeure declarations on Gulf gas exports. Financial-sector ana…
A large-scale power failure left most of Cuba without electricity after an unexpected outage at the Antonio Guiteras thermoelectric plant. The interruption, which affected provinces from Pinar del Rio to Camaguey and parts of Las Tunas, occurred amid constrained oil supplies and ongoing government rationing of services. Repairs to the Guiteras plan…
Australia and Canada signed a set of agreements on critical minerals that will see Australia work with the G7 critical minerals alliance, Canadian Prime Minister Mark Carney said. The accords come as western countries seek to reduce dependence on China for minerals used in semiconductors and defence, and as both resource-rich nations explore broade…
Citi has lifted its London Metal Exchange (LME) aluminium 0-3 month price target to $3,600 per metric ton from $3,400, and said prices could reach $4,000/mt in a bull-case scenario. The upgrade follows force majeure declarations by Gulf producers and sharply reduced shipping through the Strait of Hormuz after Iranian retaliatory strikes affected ve…
Average U.S. retail diesel prices climbed above $4.00 per gallon for the first time in nearly two years, propelled by sustained conflict involving Iran and disruptions to Middle Eastern energy flows. The move reflects a sharp daily jump in diesel, tight global inventories, and the disproportionate impact of regional crude disruptions on distillate …
