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
A widening Middle East conflict has driven energy prices sharply higher, prompting volatile moves in global equities, sovereign bonds and currencies. Market participants are weighing the fallout for inflation and central bank policy as regional attacks target shipping and energy infrastructure, with natural gas prices and crude benchmarks at multi-…
Carlyle analysts say oil markets will need to factor in a persistent "security premium" amid heightened risks stemming from the Iran conflict and threats to the Strait of Hormuz. While a recent surplus in supply may blunt the immediate impact of any shipping disruption, the firm expects prices to remain high and volatile due to broader structural c…
The Kremlin announced that President Vladimir Putin intends to convey Arab leaders' concerns to Iranian officials regarding strikes on regional oil infrastructure. After holding calls with four Gulf state leaders, Putin offered to leverage Russia's dialogue with Tehran to help ease rising tensions. The exchange comes amid a series of Iranian strike…
Crude oil futures have surged roughly 15% since last Friday after U.S. and Israeli strikes on Iran heightened concerns of supply disruptions in the Middle East. Escalating tensions around the Strait of Hormuz, including Iranian threats to close the route and warnings about attacks on vessels, have pushed prices to their highest level since June of …
The U.N. human rights office has called on the forces responsible for an attack on a girls' school in Iran to carry out a prompt, impartial and thorough investigation and to share findings. The office did not name those it held responsible. A U.N. spokesperson described the incident as "horrific." Separately, Secretary of State Marco Rubio said U.S…
Freight rates for very large crude carriers and liquefied natural gas tankers have climbed sharply after Iran attacked ships transiting the Strait of Hormuz and declared the waterway closed. The route, which carries roughly one-fifth of global oil and substantial LNG volumes, has seen activity largely halted, driving record-high tanker charter rate…
Goldman Sachs has raised its forecast for the Dutch TTF benchmark in the first half of 2026 after strikes on Iranian-linked facilities triggered a halt in Qatari LNG production. The bank now expects April TTF to average 55 euros/MWh and the second-quarter average to be 45 euros/MWh, up from prior forecasts of 36 euros/MWh, citing supply uncertainty…
Israeli forces advanced additional units into southern Lebanon overnight to occupy defensive positions intended to protect civilians and key locations from potential attacks by Hezbollah. A military spokesperson described the deployment as limited to the borderline area and defensive in purpose. Defence Minister Israel Katz authorised the move afte…
An Israeli military spokesperson said forces have prepared for an operation against Iran that could last several weeks, while noting that deploying ground troops to Iran is unlikely. The comments came amid ongoing air strikes carried out by Israel and the United States and subsequent Iranian retaliation. Israeli leaders have said the conflict could…
U.S. President Donald Trump told a British newspaper he was "sad to see" the U.S.-UK relationship had weakened after Prime Minister Keir Starmer initially refrained from offering military support for strikes against Iran. Starmer later permitted the United States to use British military bases for defensive strikes, while senior British ministers st…
Following intense strikes on Iranian targets over the weekend, the US dollar strengthened broadly. Market moves were driven principally by energy price repercussions and the relative exposure of other economies to supply disruptions, rather than a straightforward return of the dollar's traditional haven role.
Saudi Arabia’s non-oil private sector continued to expand in February but at the slowest pace in nine months, with the Riyad Bank PMI dipping to 56.1 from 56.3. Strong domestic demand and new project approvals supported activity, while employment rose and staff cost inflation reached a record high for the survey. Regional security incidents have di…
Oil prices continued to rise in Asian trading following a more than 7% surge in the previous session, as an escalation in the Middle East and threats to passage through the Strait of Hormuz kept supply disruption concerns at the forefront of markets. Brent and WTI maintained gains, while investors and analysts assessed how much of the geopolitical …
Oil prices extended gains for a third session as the U.S.-Israeli military campaign involving Iran and related strikes on energy infrastructure and tankers heightened concerns over supply through the Strait of Hormuz. Brent and U.S. West Texas Intermediate rose, refined fuels rallied, and insurers and shippers altered operations amid warnings from …
Gold extended gains into a fourth consecutive session in Asian trading as investors reacted to an expanding conflict in the Middle East, while a firmer U.S. dollar limited how far prices could rise. Spot gold and U.S. futures advanced, supported by safe-haven flows after heavy military action in West Asia and rising oil-price risks that bolstered i…
S&P Global warned it may lower PacifiCorp’s credit rating from the lowest investment grade to non-investment grade as liability exposure grows following a $305 million jury award in an Oregon wildfire-related class action. The rating agency said multi-notch downgrades are possible if future jury awards average about $19 million per plaintiff. Pacif…
U.S. officials said the government will roll out measures beginning Tuesday to limit the impact on Americans from higher energy costs after a surge in oil and gas prices linked to military actions involving Iran. A senior U.S. official speaking at Capitol Hill said Treasury and Energy secretaries will announce the plan's phases as markets reacted t…
Average U.S. retail gasoline prices climbed above $3 per gallon for the first time since November amid intensified conflict in the Middle East that has disrupted oil flows. Brent crude rose more than 5% to nearly $77 a barrel as strikes and retaliatory actions affected production sites and shipping in the Strait of Hormuz. Analysts warn higher crud…
Tens of thousands of travellers across the Middle East entered a third day of disruption after an escalation in regional conflict forced closures at major airports, including Dubai, and sparked widespread cancellations. Stranded passengers - many in transit - have been relocated to hotels, where they exchange practical advice on washing clothes, lo…
The Strategic Petroleum Reserve (SPR) - the United States' largest emergency crude stockpile - has been periodically tapped by presidents facing supply shocks or sharp price moves. The Trump administration is not currently discussing a sale, but officials and analysts say the option could be revisited if oil prices climb after recent U.S.-Israeli a…
Analysts forecast that oil will remain pricey in the coming days as attention centers on the implications of heightened Middle East tensions for shipments through the Strait of Hormuz, a waterway that carries more than 20% of global oil. Forecasts from major banks and consultancies show a range of outcomes depending on the duration and extent of an…
Escalating conflict tied to Iran has disrupted maritime traffic through the Strait of Hormuz, leaving at least 150 vessels anchored or stranded, four tankers damaged and one seafarer dead. Insurers have announced cancellations of war risk policies for Iranian and adjacent waters, while spot freight and oil prices have climbed as buyers and shipowne…
The World Health Organization reported that Gandhi Hospital in Tehran was evacuated following nearby explosions that caused collateral damage. The WHO is working to confirm reports that three other medical facilities - Motahari Hospital in Tehran and emergency centres in Sarab and Hamadan provinces - were hit since the start of the U.S.-Israeli air…
Goldman Sachs cautions that a one-month full halt of LNG tanker traffic through the Strait of Hormuz could push Dutch TTF natural gas to roughly 74 EUR/MWh - about 130% above current levels - and send shockwaves through global LNG and oil markets. Longer disruptions would raise European gas above 100 EUR/MWh and strain freight rates, spare producti…
A rapid escalation in the Middle East has driven sharp moves in energy and financial markets. Joint U.S.-Israeli strikes on Iran and subsequent Iranian retaliation have effectively halted traffic through the Strait of Hormuz, sending oil prices sharply higher, unsettling global bond markets, strengthening the dollar and weighing on equities. The du…
