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.
1,043 total articles
The U.S. Treasury issued a 30-day license allowing countries to buy Russian oil and petroleum products that were already at sea before March 12, a move intended to stabilize energy markets amid heightened hostilities involving Iran that have disrupted shipping in and around the Persian Gulf and lifted crude prices.
The U.S. Treasury issued a 30-day license permitting countries to take delivery of Russian crude oil and petroleum products that are currently stuck at sea, a step Treasury Secretary Scott Bessent said was intended to help stabilize global energy markets amid heightened tensions following strikes involving Iran. The license covers cargoes loaded by…
Iranian officials said ships must coordinate with the Iranian navy to pass through the Strait of Hormuz, after comments by the country's newly installed Supreme Leader asserting that Tehran will press on with efforts to keep the strait shut as leverage against the United States and Israel. The remarks and ministerial statements have coincided with …
The chief executive of CME Group cautioned the U.S. administration against stepping into oil futures markets to lower crude prices amid tensions with Iran, arguing that government interference in pricing mechanisms would damage investor confidence and could precipitate severe market dislocation. His remarks followed reporting that the U.S. Treasury…
U.S. Treasury Secretary Scott Bessent told Sky News that escorting commercial tankers through the Strait of Hormuz by the U.S. Navy or an international coalition had been part of planning amid the conflict involving the U.S., Israel and Iran. He said such escorts could begin as soon as military conditions permit, specifically after control of the s…
Israeli air operations struck two buildings in central Beirut, close to the Lebanese government's Grand Serail, marking an expansion of attacks against Iran-backed Hezbollah. The strikes follow Hezbollah's largest rocket barrage in the conflict and come amid fresh evacuation orders that have displaced hundreds of thousands of people. Israeli and Le…
Chile and the United States have issued a joint statement initiating formal discussions on critical minerals and rare earths, with the first meeting scheduled within the next two weeks. U.S. Deputy Secretary of State Christopher Landau said the two countries will explore ways to bolster mineral supply chains, a priority as the U.S. seeks to lower d…
The Israeli military announced it targeted roadblocks and operatives tied to the Basij militia in Tehran, saying the action was intended to degrade forces used to suppress domestic protests. The strikes were carried out by the Israeli Air Force on the basis of Israel Defense Forces intelligence. The move occurs amid a broader bombing campaign by Is…
Senior administration officials have notified U.S. oil companies and maritime groups to prepare for a potential temporary waiver of the Jones Act that could permit foreign-flagged vessels to carry fuel between domestic ports. The step, which could be announced as early as Thursday, is being considered to address rising fuel prices linked to the sta…
U.S. Energy Secretary Chris Wright said it is unlikely that global oil prices will reach $200 a barrel, even as crude tankers continue to be stalled in the Strait of Hormuz amid the ongoing war involving the U.S. and Israel with Iran. Wright made the comment on CNN and told CNBC that U.S. naval escorts through the strait are not possible at present…
Oil markets remain extremely unsettled as attacks on shipping and energy infrastructure around the Strait of Hormuz have sharply curtailed flows. Brent crude has oscillated widely, prompting the International Energy Agency and member nations to authorize an unprecedented 400 million-barrel emergency release. Market strategists say additional interv…
Crude briefly climbed above $100 per barrel after a near 5% rise, driven by fresh attacks on ships in the Gulf that offset the International Energy Agency’s plan for a record 400-million-barrel emergency release. The prospect that the conflict could keep Gulf shipping constrained beyond the weeks the release would cover is prompting market volatili…
Goldman Sachs has lifted its oil price forecasts after extending the assumed duration and severity of disruptions through the Strait of Hormuz. The bank's updated scenario assumes 21 days of flows at 10% of normal capacity followed by a 30-day recovery, and finds the impact on Persian Gulf exports to be 16.2 million barrels per day. Under the revis…
The International Energy Agency says the ongoing conflict in the Middle East has produced the largest disruption to oil supplies in history. Shipping through the Strait of Hormuz has slowed from about 20 million barrels per day to a trickle, forcing Gulf producers to cut at least 10 million barrels per day and sending global supply lower by around …
Russian presidential envoy Kirill Dmitriev told reporters he discussed the current global energy crisis with U.S. counterparts during a meeting of the U.S.-Russia working group on the economy held in Florida. He highlighted nearly 20 million barrels per day of supply trapped in the Gulf after the effective closure of the Strait of Hormuz and said t…
China's top economic planner has instructed domestic refiners to suspend exports of refined fuels for March, citing the need to secure internal supplies as the Middle East conflict raises the prospect of wider energy disruptions. The measure covers gasoline, diesel and aviation fuel and comes as Brent crude climbed nearly 10% to trade above $100 pe…
On Thursday Oman moved vessels away from the Mina Al Fahal oil export terminal as a precaution after two crude tankers were struck in waters off Iraq. The attacks led Iraqi oil terminals to halt operations and raised concerns about disruptions to regional crude exports and energy infrastructure. Brent crude surged nearly 10% to top $100 per barrel.
Samsung Display's chief executive, Chung Yi, warned that the Iran conflict and the resulting increase in oil prices could push up energy and raw material costs for the technology supply chain. He highlighted that many display components rely on petroleum-based inputs, and said the combination of rising oil and already-soaring chip prices is likely …
Goldman Sachs has lifted its fourth-quarter 2026 price forecasts for Brent and WTI crude to $71 and $67 per barrel respectively, citing an extended disruption to oil flows through the Strait of Hormuz linked to the ongoing U.S.-Israeli war on Iran. The bank models a longer period of severely reduced transit, factors in sizable strategic reserve rel…
Jose Antonio Kast took the presidential oath in Valparaiso, inaugurating what observers describe as the most significant shift to the right in Chile in decades. The ceremony, attended by several regional leaders and Spain's king, comes amid heightened public concern over crime and economic performance, a recent fatal shooting that underscored secur…
Oil prices rose sharply after Iraqi authorities reported that two foreign tankers carrying Iraqi fuel oil were struck in Iraq's territorial waters, apparently by explosive-laden boats from Iran. The move came as the International Energy Agency approved a record release of strategic reserves to cool prices, while market participants and officials wa…
Gold slipped back into the $5,000-$5,200 per ounce trading band as ongoing hostilities linked to the U.S., Israel, and Iran redirected investor demand toward oil and the U.S. dollar. Spot and futures contracts each fell about 0.4% amid a spike in oil after reports of strikes on two international tankers near Iraq and lingering concerns that energy-…
Acting President Delcy Rodriguez has appointed Paula Henao as Venezuela’s oil minister, promoting her from the vice minister role as the government seeks to overhaul oil output amid pressure from the United States to allow American investment in energy and mining. The move fills a vacancy created when Rodriguez had been serving simultaneously as oi…
The United States will release 172 million barrels from the Strategic Petroleum Reserve (SPR) starting next week, Energy Secretary Chris Wright said on March 11. The withdrawal forms part of a coordinated International Energy Agency (IEA) action to free a total of 400 million barrels. Deliveries are expected to take about 120 days. The move follows…
Oil prices climbed sharply in early Asian trade on Thursday after media reports indicated two international tankers were attacked in waters off Iraq. The spike added to market anxiety over supply disruptions linked to the ongoing conflict involving the U.S., Israel and Iran, even as large strategic releases were being prepared to blunt the shock.
