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.
1,590 total articles
President Trump's speech promising harsher strikes on Iran, without outlining a plan to reopen the Strait of Hormuz, pushed U.S. crude oil higher by more than 10% and set U.S. retail fuel prices on a path to steep increases. Gasoline is projected to rise to $4.25-$4.45 a gallon next week and could top $5 within a month if the strait remains closed.…
U.S. Secretary of State Marco Rubio warned that China’s detentions of Panama-flagged vessels following a Panamanian court decision raise serious concerns about using economic measures to challenge Panama’s legal sovereignty. The U.S. Federal Maritime Commission said it is closely monitoring an uptick in detentions that appears tied to a Panama Supr…
Satellite imagery from late March indicates significant damage to storage infrastructure at Russia’s Primorsk oil terminal, with at least eight large reservoirs struck and an estimated 40% loss of storage capacity. Combined with pipeline closures and seizures of tankers, the strikes have curtailed a substantial portion of Russia’s export capability…
Three industry sources say Ukraine's recent drone strikes on port infrastructure, pipelines and refineries have knocked roughly 1 million barrels per day - about 20% of export capacity - out of operation, forcing an imminent reduction in Russian oil output as pipeline systems and storage near capacity. The move would tighten global supplies already…
A prime-time presidential address that indicated another two to three weeks of military action in Iran, and contained few operational details, prompted a fresh risk-off move across financial markets. Brent and WTI crude climbed, Asian and European equities fell, the dollar strengthened and U.S. Treasuries sold off. Early U.S. economic readings show…
Britain will chair a virtual meeting of roughly 35 countries to examine options for reopening the Strait of Hormuz, which Iran has effectively closed. The United States is not scheduled to attend. Attendees will consider diplomatic and political measures and an initial focus on clearing mines before protecting tankers, with further military plannin…
UBS is holding to a bullish forecast for gold, saying the metal should hit fresh highs this year and that recent declines offer buying opportunities. The bank trimmed its 2026 gold projection to $5,000 per ounce but left 2027 and 2028 estimates unchanged. UBS also flagged resilient Chinese ETF inflows and physical demand, while cautioning that indu…
Australian growers are shifting away from nitrogen-intensive crops such as wheat and canola toward lower-nitrogen alternatives like feed barley as rising fertiliser and diesel costs linked to the Iran war affect planting decisions. Skyrocketing urea and diesel prices, disruptions to supplies through the Strait of Hormuz and export curbs from major …
Iran's armed forces have been instructed to maintain heightened vigilance and readiness for any form of attack, according to statements carried by state media. Army commander-in-chief Amir Hatami directed operational headquarters to closely monitor potential adversary activity with what he described as 'utmost pessimism and accuracy' and to be prep…
Gold prices reversed a four-session gain in Asian trading after a U.S. presidential address signaled an escalation in operations against Iran over the coming weeks. Spot gold and U.S. futures fell sharply, while oil rebounded and the U.S. dollar strengthened. Investors are also watching upcoming U.S. jobs data for guidance on Federal Reserve policy…
Homeland Security Secretary Markwayne Mullin has revoked a policy that required his personal approval for department contracts exceeding $100,000, the Department of Homeland Security announced. The change follows a review of DHS procurement procedures and was framed as an effort to improve efficiency for taxpayers. Democrats had previously urged th…
Oil futures slipped in Asian trading after remarks from U.S. President Donald Trump that signaled a potential pullback from Iran and data showing a bigger-than-expected rise in U.S. crude stocks. Conflicting reports about ceasefire discussions in Tehran and an impending presidential address kept markets on edge.
President Donald Trump recommended this week that countries facing jet fuel shortages from the Strait of Hormuz blockade purchase fuel from the United States, saying "We have plenty." Government statistics and industry tracking firms say U.S. production and exports are insufficient to fully replace roughly 500,000 barrels per day that typically mov…
Oil prices dropped more than $1 early Thursday as traders responded to comments from U.S. President Donald Trump and awaited a planned national address that markets interpret could signal a U.S. pullback from the Iran conflict. Brent slipped to $100 a barrel while U.S. crude fell to $98.71, with analysts cautioning that a U.S. exit alone may not re…
The Australian government will make up to A$1 billion in interest-free loans available to businesses deemed essential to critical supply chains, including transport operators and fertiliser producers, to help them cope with rising fuel costs linked to disruptions from the Iran war. The move is framed as a short-term buffer against global shocks and…
U.S. farmers reported intentions to reduce corn acreage and expand soybean plantings for 2026, according to the U.S. Department of Agriculture's first survey-based prospective plantings report of the year. The agency tied the shifts to rising fertilizer and fuel costs associated with the Iran war, while quarterly grain stocks data show ample invent…
Venezuelan interim President Delcy Rodriguez’s administration is preparing to install new boards for state oil company PDVSA’s U.S. subsidiaries, including Citgo Petroleum, according to four sources close to the preparations. The effort follows U.S. recognition of Rodriguez as Venezuela’s leader in March and will require individual clearances from …
The German government has imposed a restriction limiting petrol and diesel retailers to a single upward price adjustment each day, to be applied at 12:00 pm. The move comes as oil markets have been disrupted by conflict in the Middle East and episodes of extreme intra-day price volatility, with stations previously altering prices as many as 22 time…
Israel’s military said it killed Haj Youssef Ismail Hashem, the commander of Hezbollah’s southern front, in a naval strike that Lebanon’s authorities say also killed seven civilians and wounded 26. Hezbollah confirmed Hashem’s death and described him as a "beacon of the Islamic Resistance." The killing is being described by Hezbollah as the most se…
The suspension of most crude loadings through the Strait of Hormuz since the February 28 U.S.-Israeli strikes has left the Dubai Middle East benchmark under acute stress. The price used to value roughly 18 million barrels per day of global crude is now difficult to assess because the physical trades that normally underpin it cannot be loaded from G…
President Donald Trump told Reuters the United States will be "out of Iran pretty quickly" after ensuring Iran cannot develop a nuclear weapon, but he said U.S. forces could return for "spot hits" if necessary. He also said he would express his displeasure with NATO for what he views as insufficient support and is "absolutely" considering withdrawi…
Global markets rallied as signs emerged that the Iran conflict could be de-escalating, with the S&P 500 posting its largest one-day gain since last May. Energy prices edged lower from recent highs, while assets beaten down by the war - including bonds, corporate credit and gold - also climbed. Investors digested mixed U.S. data, sharp regional diff…
European benchmark gas prices declined as markets reacted to statements from U.S. leadership suggesting a forthcoming drawdown of military operations in Iran. The TTF front-month contract eased after a strong month of gains driven by supply-route risks around the Strait of Hormuz and energy-related inflation pressures in the eurozone.
Bank of America has updated its economic outlook to reflect continued disruptions to energy shipments through the Strait of Hormuz tied to the Iran war, now projecting oil to trade around $100 per barrel for the remainder of 2026 under its central scenario. The bank incorporates a sharp, short-lived supply deficit in the second quarter followed by …
U.S. Secretary of State Marco Rubio told Fox News that Venezuela will require a transition phase followed by free and fair elections, and that patience is necessary until that moment. The interview also touched on U.S. actions in Venezuela earlier this year, subsequent changes in Caracas, and looming U.S. pressure on Cuba amid energy and health str…
