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
A sudden extension of a 48-hour threat to strikes on Iranian power facilities into a five-day timeline, following reports of a diplomatic breakthrough, has left markets unsettled. Oil fell sharply on the initial announcement before retracing some losses, equities rallied then cooled, and U.S. Treasury yields briefly rose to seven-month highs. Confl…
Gold staged a notable recovery after plunging earlier in the session, recouping losses on news that the U.S. postponed planned strikes on Iranian energy infrastructure for five days amid what the U.S. described as productive talks. Spot gold traded at $4,423 per ounce after earlier falling below $4,200 and erasing year-to-date gains. Market moves h…
Global markets remain tightly tethered to oil prices amid fallout from the Iran conflict. Goldman Sachs strategists say crude is the dominant cross-asset driver, have raised near-term oil forecasts on supply disruption risks, and argue that a firmer dollar and positioning shifts help explain the recent correction in gold, which they view as a poten…
Grain and input price increases linked to the war in Iran have pushed up costs for soymeal, corn and other feed ingredients in China, worsening losses for hog producers facing weak demand and record-low pork prices. Smaller farms are especially exposed as margins turn negative, while government measures to curb overcapacity and state pork purchases…
A U.S. official told a news outlet that a recently announced five-day pause applies solely to attacks on Iran's energy facilities, while strikes on military, naval, ballistic missile and defense industrial targets will continue. The pause coincides with what President Donald Trump described as "productive" discussions with unnamed Iranian officials…
The European Union and Australia concluded a comprehensive free trade agreement that eliminates tariffs on a wide range of goods from day one, phases out others over a short period, protects certain European geographical product names, and opens investment and market access in critical minerals, vehicles, services and financial sectors.
Gold extended a 10-session losing streak in Asian trade after Iranian officials denied holding talks with U.S. representatives, following U.S. President Donald Trump’s decision to delay strikes on Iran’s energy infrastructure. Market calm from postponed strikes and a pullback in oil helped pare recent losses, but gold remains under pressure as inve…
Oil prices rose in early trade after Iran denied holding talks with the United States to end hostilities, a statement that contradicted U.S. comments and revived concerns about supply disruptions through the Strait of Hormuz. Brent and WTI both gained, reversing part of a sharp drop tied to a reported temporary pause in planned U.S. strikes. Offici…
After years of negotiations, the European Union and Australia have signed a comprehensive trade agreement that removes the vast majority of tariffs on EU exports to Australia, expands services market access and adjusts duties on critical minerals. The pact reflects a broader European effort to diversify trade links amid global trade frictions and g…
About 300 demonstrators rallied outside a Houston hotel hosting the annual CERAWeek energy conference, chanting demands for cleaner air and criticizing industry wealth. Members of 45 organizations gathered at a park across from the hotel, while police formed a perimeter as conference attendees passed by.
Oil futures rose in early Asian trading after Tehran refuted claims that it had engaged in talks with U.S. officials, creating renewed uncertainty about the trajectory of the conflict and global supply. Prices had plunged the previous session after a U.S. president announced a pause to a planned attack and cited productive conversations with unname…
Chevron CEO Mike Wirth told attendees at S&P Global's CERAWeek in Houston that the oil futures market has not fully priced in the supply disruption arising from the closure of the Strait of Hormuz. He said substantial volumes of oil and gas are not flowing into the market, Gulf Arab producers have curtailed exports, and damaged energy infrastructur…
France's Energy Ministry is assessing whether its five oil refineries can boost output to alleviate upward pressure on fuel and diesel prices caused by recent disruptions linked to Iran. The ministry said supply is not at risk but acknowledged market tension, particularly in diesel where prices have risen faster than gasoline. The assessment follow…
BCA Research cautions that the relatively calm performance of West Texas Intermediate (WTI) crude is deceptive. The firm says recent U.S. measures and market interventions are only temporary mitigants and will not resolve the underlying supply disruptions driven by regional strikes, damage to QatarEnergy's LNG plant, and constrained transit through…
Global markets tumbled as President Trump's 48-hour demand for Iran to re-open the Strait of Hormuz expired, intensifying a Middle East confrontation and driving oil prices sharply higher. Equities across Asia and Europe slid, U.S. Treasury yields rose to multimonth highs, and traditional safe havens such as gold and government bonds failed to abso…
Gold prices dropped markedly in Asian trading on Monday as investor demand for bullion weakened amid renewed fears of persistent inflation and elevated interest rates, even while the U.S.-Israel conflict with Iran continued. A weekend escalation in rhetoric - including a 48-hour ultimatum from U.S. leadership over the Strait of Hormuz and Tehran's …
Oil prices swung sharply in early Asian trade but stayed near recent highs after U.S. President Donald Trump issued a 48-hour deadline for Iran to reopen the Strait of Hormuz, threatening to "obliterate" critical energy infrastructure if it did not. Iran warned it would retaliate by fully closing the strait and striking energy and water systems in …
Cuban authorities began early restoration work after the national power grid collapsed for the second time within seven days. A failure at a major thermoelectric plant in Nuevitas triggered a cascading outage that left the country's roughly 10 million residents without electricity. Officials say smaller closed circuits have been put in place across…
A rapid escalation in the conflict between the United States and Iran has put energy infrastructure at the centre of threats and counter-threats. A presidential ultimatum demanding that the Strait of Hormuz be fully reopened within 48 hours prompted Tehran to warn it would strike U.S. infrastructure in the Gulf, including energy facilities. The exc…
Academic munitions analysts who reviewed open-source video and commercial satellite imagery concluded with moderate-to-high confidence that the Patriot interceptor involved in the March 9 blast over Mahazza, Sitra, was likely launched from a U.S.-operated battery roughly four miles southwest of the damaged neighborhood. Bahraini authorities and U.S…
Bahrain’s government says a U.S.-made Patriot air defence system intercepted an Iranian drone over the Sitra residential area on March 9, preventing what officials say would have been a deadly strike. The kingdom reported 32 civilians injured from the broader incident and said multiple Iranian drone attacks occurred that day. U.S. Central Command h…
The conflict between Iran and Israel and associated U.S. strikes have disrupted major shipping routes and damaged energy facilities across the Gulf, removing roughly 400 million barrels of oil from circulation and cutting significant liquefied natural gas (LNG) output. The result is a surge in oil and gas prices, widespread conservation measures, a…
The conflict between the United States, Israel and Iran intensified as Israeli forces struck targets in Tehran and Beirut while the U.S. dispatched thousands of Marines and an amphibious assault ship to the Middle East. The fighting has caused significant casualties, closed the Strait of Hormuz to most shipping and driven sharp rises in oil prices,…
JPMorgan Chase & Co strategists led by Fabio Bassi cut their year-end S&P 500 target to 7,200 from 7,500, flagging the de facto closure of the Strait of Hormuz as a major supply shock. The team warns that prolonged triple-digit crude prices could compress valuation multiples, reduce consensus EPS estimates by 2% to 5%, and raise the probability of …
Georgia's governor has ordered a temporary halt to the state's gas and diesel taxes for two months in response to a sharp rise in fuel costs tied to the ongoing U.S.-Israeli war in Iran. The pause removes 33.3 cents per gallon on gasoline and 37.3 cents per gallon on diesel for 60 days as national prices reach levels not seen since late 2022. Offic…
