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.
2,723 total articles
UBS raised its Brent crude price outlook, citing ongoing restrictions on shipments through the Strait of Hormuz as maintaining upward pressure on prices. The bank now sees Brent at $100 a barrel by end-June 2026, with subsequent targets of $95 by end-September, $90 by end-December and $85 by end-March 2027. UBS cautioned that prolonged disruption c…
Oil prices climbed above $100 a barrel and global equities weakened on renewed geopolitical risk after the U.S. moved to block shipping to and from Iranian ports in the Strait of Hormuz following failed peace talks in Islamabad. The action has begun to erode last week’s relief rally, while U.S. inflation and Hungary’s election outcome add further m…
Voting and the official tally in Peru stretched into a second day after distribution problems at polling stations left tens of thousands unable to cast ballots on Sunday. With roughly half the ballots counted, former congresswoman Keiko Fujimori led a fragmented presidential field, while the race remained tight and fluid.
Morgan Stanley maintained its Brent crude price projections for 2026 and 2027 while cautioning that oil supply chains will require months to return to normal even if transit through the Strait of Hormuz is restored. The bank's base-case assumes a gradual recovery of exports, and recent market moves and Asian pricing actions from Middle Eastern prod…
Claudio Descalzi, CEO of Italian energy company Eni, urged the European Union to rethink its scheduled progressive ban on Russian gas imports beginning in 2027, citing concerns about replacing 20 billion cubic meters that provide operational flexibility to power plants. He spoke at an event organized by the co-ruling League party and described the …
Polling station delays in Lima and elsewhere marred Peru's general election, prompting an extension of voting into Monday for more than 50,000 voters. With 37% of ballots tallied, former congresswoman Keiko Fujimori led with 17.17% and former Lima mayor Rafael Lopez Aliaga followed closely with 16.97%, making a June 7 runoff the probable outcome am…
Canadian Prime Minister Mark Carney appears set to secure a parliamentary majority for his Liberal Party following three special elections in Ontario and Quebec. Winning at least one of the contested ridings would give the Liberals a majority in the 343-seat House of Commons, enabling Carney to advance his legislative agenda as he addresses trade f…
The U.S. military announced a blockade of shipping to and from Iranian ports that begins at 10 a.m. ET (1400 GMT) on Monday, a move that would curb about two million barrels per day of Iranian crude from reaching world markets. The restriction applies to ships calling at Iranian ports on the Gulf and Gulf of Oman, while transits to and from non-Ira…
World Bank President Ajay Banga told Reuters that developing economies face a projected shortfall of roughly 800 million jobs over the next decade to 15 years, as 1.2 billion people enter working age while current trajectories produce only about 400 million positions. Banga urged finance ministers and development officials meeting in Washington to …
Gold prices declined on Monday as a firmer dollar, driven by stalled U.S.-Iran negotiations and a jump in U.S. consumer price inflation, reduced expectations for near-term Federal Reserve rate cuts. Other precious metals retreated and the outlook for energy shipments through the Strait of Hormuz remained constrained amid a U.S.-ordered naval blocka…
A senior Taiwanese security official said Taiwan’s central government should lead engagement with China over a package of 10 incentive measures Beijing recently announced, warning that private, party-to-party dealings risk unintended consequences and have been used as an election interference tool. The remarks come as China refuses direct talks wit…
Commercial shipping began altering routes and anchoring in nearby waters as a U.S. blockade of maritime traffic to and from Iranian ports was set to begin at 10 a.m. ET (1400 GMT) on Monday. The move follows weekend talks between the United States and Iran that did not produce an agreement to extend a fragile ceasefire.
U.S. plans to blockade vessels to and from Iran, announced by President Donald Trump and clarified by U.S. Central Command, would require a sustained naval commitment and risk provoking Iranian retaliation. Officials have provided few operational details, while experts warn the action could be considered an act of war and intensify pressure on glob…
The conflict involving U.S. and Israeli strikes on Iran that began on February 28 has severely disrupted oil flows through the Strait of Hormuz and knocked out large volumes of production, analysts say. A poll of market analysts now points to a cumulative supply shortfall this year, replacing earlier forecasts of a comfortable surplus. Restoring ou…
Oil prices spiked in early Asian trading after U.S. President Donald Trump ordered a naval blockade of the Strait of Hormuz. Brent crude climbed 8% to $102.93 a barrel as Central Command announced enforcement of a maritime blockade from 10:00 ET, following unsuccessful ceasefire negotiations with Iran.
On April 12, President Donald Trump announced via Truth Social that the U.S. Navy would immediately begin blockading the Strait of Hormuz and would interdict any vessel in international waters that had paid a toll to Iran. His statement came hours after U.S.-Iran peace talks concluded without a deal; Trump said the meeting "went well, most points w…
Peru holds a first-round presidential and congressional election on Sunday with a crowded ballot of over 30 candidates and no clear front-runner. With leading contenders polling well under the 50% threshold required to win outright, a runoff on June 7 is widely expected. The vote takes place amid sustained public frustration with political institut…
Irish police cleared tractors and trucks that had obstructed central Dublin for five days in protests over surging fuel prices, after demonstrators used heavy vehicles to block an oil refinery, ports and fuel distribution points across the country. The disruption left about a third of petrol stations without fuel and prompted the government to hold…
A recent BCA Research special report argues that gold remains highly liquid and offers diversification benefits that can outweigh the absence of yield in a high-rate environment. The study addresses execution concerns for large institutional allocations, evaluates different exposure vehicles, and frames gold as a core strategic holding amid fiscal …
Saudi Arabia said it has returned the East-West oil pipeline L1N40S100 to roughly 7 million barrels per day of pumping capacity after damage from attacks linked to the Iran conflict. The energy ministry reported recovery of affected volumes from the Manifa oilfield and said work continues to restore output at Khurais, following strikes that earlier…
South Korea is close to finalizing crude oil supply arrangements with Kazakhstan, Industry Minister Kim Jung-kwan said, with detailed volumes and terms expected to be announced early next week. The move forms part of a wider diplomatic effort that included visits to Kazakhstan, Oman and Saudi Arabia to secure crude and naphtha amid shipping disrupt…
China unveiled 10 incentive measures aimed at Taiwan following a visit by the island’s main opposition leader. Measures cover resumed flights, relaxed tourist restrictions, approval for certain mainland visitors, permission for Taiwanese cultural content in China, and steps to ease inspection standards for food and fishery products, although some a…
President Donald Trump posted on social media that U.S. forces have begun clearing the Strait of Hormuz and that Iran's minelaying vessels have been sunk. The announcement followed weeks of fears about attacks on shipping that effectively closed the waterway and disrupted global energy markets. Representatives from the U.S. and Iran began talks in …
Households and commercial drivers across the United States are adjusting travel and vehicle choices in response to a sharp run-up in fuel prices tied to the Iran war. Average U.S. pump prices for gasoline and diesel have climbed to levels not seen since early 2022, prompting reduced discretionary travel, longer detours to cheaper stations, and adop…
A U.S. delegation led by Vice President JD Vance departed for Islamabad on April 10 for talks intended to solidify a temporary ceasefire with Iran. Both sides have accused each other of violating commitments tied to the pause in hostilities, and Iranian negotiators say discussions cannot begin without clear concessions on Lebanon and the release of…
