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.
1,044 total articles
EU foreign policy chief Kaja Kallas has raised the prospect of applying the framework of the Black Sea grain initiative to restore safe passage through the Strait of Hormuz. She said she discussed the idea with U.N. Secretary-General Antonio Guterres as Iran’s strikes across the narrow channel have disrupted a significant share of global oil shipme…
European Union foreign ministers decided against expanding the Aspides naval mission into the Strait of Hormuz at this time, EU foreign policy chief Kaja Kallas said. While ministers expressed a desire to bolster the operation's resources, they did not agree to alter its mandate. The Aspides mission, created in 2024 to protect commercial shipping f…
Britain is preparing to significantly raise tariffs on imported steel to 50% while tightening quotas on many overseas products, according to two people familiar with plans for an imminent announcement. The package is intended to support a steel industry grappling with high energy costs and strong competition from cheaper global imports, particularl…
In remarks at the White House, President Donald Trump expressed his view that Iran may seek a settlement to the U.S.-Israeli conflict but said it is unclear who is leading Tehran. He repeated unconfirmed accounts of injury and death surrounding the announced successor, while officials report the new leader has not been seen publicly. The White Hous…
President Donald Trump urged other nations to assist in reopening and policing the Strait of Hormuz after Iran’s use of drones, missiles and mines effectively closed the passage used by roughly a fifth of global oil and LNG shipments. He said some countries he has long protected were not eager to help, while others have declined or taken a cautious…
Iran has requested the release of three tankers detained by Indian authorities in February as part of discussions aimed at securing safe transit for Indian-flagged and India-bound ships through the Strait of Hormuz. The talks also include Iranian requests for certain medicines and medical equipment, while India seeks priority passage for liquefied …
Senior U.S. and Chinese economic officials completed the first day of intensive talks in Paris aimed at ironing out elements of the October 2025 trade truce and paving the way for a presidential summit in Beijing at month-end. Discussions at the Organisation for Economic Co-operation and Development focused on U.S. tariffs, access to Chinese-produc…
Investors are shifting from passive gold holdings to financial structures that connect capital directly with gold production, seeking recurring cash flow and exposure to the economics of mining activity. Colin Bosher, co-founder and CSO of Nuway Capital, says models that finance producers in exchange for below-market output are gaining traction ami…
The International Energy Agency confirmed it holds further emergency oil reserves that could be deployed if circumstances warrant. IEA Executive Director Fatih Birol said the agency's recent strategic release helped steady markets but stressed that such releases are a short-term measure. Birol identified the reopening of the Strait of Hormuz as the…
The United Arab Emirates has cut daily oil production by more than half after the effective closure of the Strait of Hormuz and a series of attacks prompted state oil company ADNOC to implement extensive well shut-ins. The stoppage has taken both onshore and offshore output offline, with analysts estimating Middle East cuts of 7-10 million barrels …
Morgan Stanley says that geopolitical tensions in Iran and the Gulf are driving higher energy prices and prompting Asian utilities to increase coal-fired generation. The bank quantifies potential uplifts in monthly seaborne thermal coal import demand for Northeast and South Asia and highlights possible effects on Chinese domestic coal prices and Au…
Gold has weakened roughly 5% since hostilities involving Iran began in late February, even as oil prices rose above $100 per barrel amid an intensifying conflict. Analysts point to investors selling gold to raise cash during a broad global equities selloff, while higher Treasury yields and a stronger dollar have further pressured bullion and mining…
Nomura has trimmed its December 2026 Nifty 50 target to 24,900, citing a sharp rise in Brent crude after an unprecedented stoppage of shipments through the Strait of Hormuz. The brokerage sees potential for up to 15% cuts to corporate earnings, raises inflation forecasts, and outlines a three-tier fiscal burden-sharing framework for higher oil pric…
Treasury Secretary Scott Bessent told CNBC that the United States has been permitting Iranian oil tankers to pass through the Strait of Hormuz. Despite recent attacks on commercial shipping, Iran continues to export roughly 1.5 million barrels per day. The U.S. expects tanker movements to increase before naval escorts for commercial vessels begin.
The recent spike in Brent crude above $100 follows growing hostilities in the Middle East and heightened talk of disruptions around the Strait of Hormuz. In a client note, BCA Research Chief Strategist Jeremie Peloso drew parallels with 2022 but warned the current episode could be shorter and yet more broadly disruptive, threatening oil supply and …
Morgan Stanley remains constructive on aluminum, citing smelter shutdowns in the Middle East that remove 564,000 tonnes per annum - about 0.8% of global capacity - and a separate 500,000 tpa outage in Mozambique. The bank points to constrained Chinese supply, Indonesian power-related delays and broader production hurdles as additional supports for …
Bank of America has raised its forecast for the 2026 average price of Brent crude to $77.50 per barrel, citing supply disruptions in the Strait of Hormuz that have accelerated inventory drawdowns. The bank presents two equally likely scenarios for the duration of the disruption and has adjusted its mid-cycle oil assumption upward, prompting higher …
Russia's Urals crude delivered to India's west coast rose to $98.93 a barrel, including shipping, the highest level since Moscow redirected shipments to India following the early-2022 invasion of Ukraine. The move follows a U.S. expansion of a permit allowing purchases of Russian oil and comes amid elevated global oil prices tied to the ongoing war…
The Strait of Hormuz, a narrow chokepoint through which roughly one-fifth of the world’s energy supplies transit, has been rendered unsafe by Iranian use of drones, missiles and mines following a U.S.-Israeli attack on February 28 and the killing of Iran’s supreme leader. Even with international naval help, reopening and securing the waterway on a …
British Prime Minister Keir Starmer said on Monday that efforts to reopen the Strait of Hormuz will not be undertaken as a NATO operation. Instead, the UK is working with a coalition of partners from Europe, the Gulf region and the United States to develop a credible plan to reopen shipping and passage through the strategic waterway.
With the Iran conflict stretching into its third week and Brent crude trading above $100 a barrel, global markets are pivoting toward a packed slate of central bank meetings. Policymakers must assess the inflationary pressure from higher energy prices alongside signs of slowing growth and a softer labour market. Trade negotiations, disruptions to a…
Shell has released forecasts indicating a substantial increase in global liquefied natural gas (LNG) demand from a 2025 baseline of 422 million metric tons per annum (MTPA). The energy major expects demand to reach between 650 and 710 MTPA by 2040 and between 610 and 780 MTPA by 2050, and warns that additional supply investment will be necessary in…
A White House Office of Trade and Manufacturing Policy report contends that the perceived threat from Iran has imposed a persistent "terror premium" on global crude prices, inflating costs by an estimated $5 to $15 per barrel. The 13-page analysis argues that eliminating Tehran's ability to threaten regional energy infrastructure or shipping lanes …
Major brokerages have increased their average oil price projections for 2026 after the U.S.-Israeli conflict with Iran entered its third week and oil prices jumped over 40% this month. Market commentary highlights potential for sharply higher price ceilings if shipping through the Strait of Hormuz remains constrained, while some forecasters expect …
Japan and Australia have told the United States they do not plan to dispatch naval vessels to escort shipping through the Strait of Hormuz after President Donald Trump urged allied nations to help protect the choke point. The request comes amid an intensified U.S.-Israeli campaign against Iran that has effectively closed the strait to much of the w…
