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.
2,383 total articles
On March 17, the White House said it is pursuing additional fertilizer sources, including licenses for Venezuela and talks with Morocco, to offset disruptions caused by the U.S.-Israeli war against Iran. Officials framed the moves as an insurance policy to reduce impacts on U.S. farmers, while European officials explore U.N.-style export corridors …
UBS economist Arend Kapteyn cautions that, should the Strait of Hormuz remain effectively closed, the current pace of drawdowns would drive global crude and product inventories to unprecedented lows by the end of April. Even allowing for pipeline flows from Saudi Arabia and the UAE, continued Iranian exports and International Energy Agency releases…
Global risk appetite cooled after a brief rally, as persistent conflict in the Middle East and rising oil prices weighed on sentiment. Equities gave back some gains, the dollar firmed, and attention turned to central bank policy decisions after Australia’s central bank delivered a tight 5-4 rate increase. Technology optimism from an AI chip rally p…
Gold has retreated from its early-March peak but UBS says its fundamental case as a portfolio diversifier and safe haven endures. Strategist Joni Teves cites persistent strategic demand and potential upside if growth softens and stimulus returns, while noting near-term pressure from higher real rates, a firmer dollar and market focus on oil-driven …
Three leading brokerages have raised their crude price forecasts after disruptions related to the Iran conflict restricted tanker movements through the Strait of Hormuz. Analysts cited sharply reduced loading activity, limited alternative export capacity, and the limited offset from coordinated reserve releases as factors tightening an already frag…
Goldman Sachs warns that disruptions to LNG supply and diversions toward Asia are narrowing European gas physical balances, likely driving prompt TTF prices higher in the second quarter. The bank reiterates a Q2 TTF forecast of 63 EUR/MWh but says prices may need to climb further if outages persist.
U.S. President Donald Trump has asked to delay a planned summit in Beijing with Chinese leader Xi Jinping, introducing uncertainty into a thawing bilateral relationship. Analysts say the postponement, driven in part by the fallout from the Iran conflict and ongoing U.S. trade actions, casts a shadow over recent progress but is unlikely to derail th…
Iraqi security sources reported that rockets and at least five drones were launched toward the U.S. embassy in Baghdad early Tuesday from locations around the city. Witnesses observed several drones approaching the compound; air-defence systems intercepted two while a third struck inside the embassy perimeter, producing visible smoke and fire. Auth…
Crude oil futures rose more than 2% in early trading as market participants reassessed supply risks stemming from an effective closure of the Strait of Hormuz and limited international support for naval escorts. Brent and U.S. West Texas Intermediate both rebounded following losses in the prior session, while policymakers and major banks adjusted t…
Oil futures climbed sharply in early Asian trade on Tuesday, with Brent remaining above $100 a barrel as concerns over supply interruptions tied to the U.S.-Israel conflict with Iran persisted. Prices recovered after a steep one-day drop amid mixed signals about passage through the Strait of Hormuz and limited international support for U.S. calls t…
Gold prices recovered above $5,000 an ounce in early Asian trade after slipping briefly below that level in the prior session. Markets remain focused on oil moves tied to the U.S.-Israel war on Iran and a series of major central bank meetings this week. The dollar's retreat and lower oil helped ease some inflation worries, supporting bullion, while…
U.S. average retail diesel prices climbed above $5 a gallon for only the second time on record amid disruptions tied to the U.S.-Israeli war on Iran. Blockade activity in the Strait of Hormuz and reduced crude flows to Asian refineries have tightened global diesel availability, and relief measures announced by global leaders have yet to dent prices…
Gulf Arab governments are urging Washington not to halt military action against Iran until Tehran is stripped of the means to threaten the Strait of Hormuz and regional energy infrastructure. While Gulf states have not asked the U.S. to start a war, officials express frustration at Iran’s attacks on ports, airports and oil facilities and warn that …
Israel warned that Lebanese civilians forced from their homes by its military campaign will not be permitted to return until the safety of Israelis living near the border is secured. The Israeli military said troops are conducting ground operations in new locations in southern Lebanon, describing the activity as "limited and targeted." The campaign…
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…
