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.
2,681 total articles
Wholesale natural gas prices in Europe rose to their highest in over a month after Iran said the Strait of Hormuz was closed 'until further notice' following fresh military exchanges. Benchmark Dutch and British contracts both jumped, while concerns over reduced storage and potential competition with Asian buyers amplified market nervosity.
Gold prices declined on Monday following renewed U.S. and Iranian military strikes over the weekend that pushed oil higher and revived concerns about an inflation rebound. At 21:00 ET (01:00 GMT), XAU/USD fell 1.19% to $4,072.06 an ounce and Gold Futures slipped 0.81% to $4,080.22 an ounce, extending losses after the yellow metal dropped 1.3% last …
Asian share indices slipped after Gulf clashes intensified and Iran said it had closed the Strait of Hormuz, sending Brent and U.S. crude sharply higher. The rise in oil supported a stronger dollar and pushed 10-year U.S. Treasury yields up marginally, reviving concerns about inflation and the odds of further Fed tightening ahead of a congressional…
Oil futures rose sharply in Asian trade after Iran said it had closed the Strait of Hormuz following expanded missile and drone strikes and a commercial vessel being hit. Brent and WTI climbed more than 3% on the news, extending gains from the prior week as markets weighed the potential for supply disruptions and slower shipping through a key expor…
Iran's Islamic Revolutionary Guard Corps (IRGC) announced the closure of the Strait of Hormuz after a vessel that had switched off its systems took an unauthorised course and was struck and halted. Tehran warned that any retaliatory action would be met with a 'severe response' and signalled the waterway would remain closed until further notice and …
Eni's chief executive warned that if the current conflict in the Middle East persists, global crude prices could move beyond the recent $80-$100 per barrel trading range and surpass $100 by the first quarter of 2027. He said temporary emergency releases from strategic oil reserves have helped moderate near-term price increases but cannot be sustain…
Chinese authorities have instructed several large domestic refineries to maintain or raise fuel processing rates as renewed fighting between Iran and the United States increases the risk of crude shipment disruptions through the Persian Gulf. The move aims to shore up domestic fuel availability even as local demand softens and inventories of gasoli…
President Donald Trump said the United States and Iran have agreed to continue negotiations even as he announced the end of a previously declared ceasefire. The move came amid a week of renewed hostilities that included attacks on commercial tankers, U.S. strikes on Iranian sites, and Iranian responses targeting U.S. military locations in Gulf stat…
Senior U.S. officials say Washington is insisting Iran issue a public declaration that it will stop attacking vessels in the Strait of Hormuz and that all shipping channels will remain open without tolls. Conversations between the two countries have been described as productive, but U.S. officials warn that failure to provide the statement will car…
Russia has temporarily stopped shipping through the Don-Azov channel after an attack on 13 vessels in the Sea of Azov, Reuters reported, citing two grain export industry sources. The channel, which links the Don River to the Sea of Azov and supports grain export traffic, was closed after 10 tankers and other vessels were struck. Authorities have no…
Euronext wheat futures rallied about 4% on Friday, pushed to a six-week peak by market talk that Russia could shut the Sea of Azov to shipping following strikes in the area. The move heightened concern over potential export interruptions from Russia, the world’s largest wheat supplier, while US Chicago futures similarly climbed to multi-week highs.
A Georgian opposition politician, Aleko Elisashvili, was sentenced to 13 years in prison after a court found him guilty of attempted terrorism for an incident in November 2025 in which he smashed a window at Tbilisi City Court, poured gasoline into the building and attempted to set it on fire. Elisashvili denies wrongdoing, saying his actions were …
Wheat futures climbed in early Friday trading at the Chicago Board of Trade, reaching a six-week high as market participants repositioned ahead of the U.S. Department of Agriculture's monthly crop report due at 12 p.m. EDT. Analysts polled expect the USDA to lower its 2026-27 U.S. wheat ending stocks estimate to 714 million bushels from 744 million…
Tanker movements in the Strait of Hormuz decelerated following a week of reciprocal actions between the United States and Iran, reviving concerns about the consistency of oil flows and the durability of an interim agreement meant to keep the waterway open. While crude prices eased modestly, markets were still positioned for weekly gains after the e…
Renewed exchanges of strikes between the United States and Iran this week re-centered attention on the Strait of Hormuz, briefly eclipsed by other headlines in recent weeks. Markets reacted with relative calm even as tanker traffic near the strait stalled and crude briefly climbed to multi-week highs. Traders and policymakers now face a complex mix…
Open-source investigators and independent verification show Russian forces have been employing small First Person View drones flown on fibre-optic tethers to bypass Ukrainian electronic countermeasures and anti-drone protections, striking high-voltage substations in the frontline Sumy region. Analysts say the tactic targets autotransformers to take…
The International Energy Agency says world oil demand is set to decline by 1 million barrels per day this year versus last year - the first annual fall since 2020 - as disruptions tied to the war between Israel and Iran, including the closure of the Strait of Hormuz, have constrained exports. The IEA cautions that the outlook depends on a ceasefire…
European wholesale natural gas prices retreated on Friday after satellite and ship-broking data showed loaded LNG tankers successfully transiting the Strait of Hormuz, easing immediate supply-concern despite heightened military exchanges between U.S. forces and Iran. Domestic inventories in the Eurozone remain above seasonal averages for July, prov…
Australian authorities confirmed the first case of H5N1 bird flu in a native seabird after laboratory testing identified the virus in a greater crested tern found in Robe, South Australia. The case raises concerns about local transmission pathways, though officials say there is no evidence of mass mortalities or spread to poultry and the wider agri…
Gold prices were largely unchanged on Friday but remained on track for a weekly decline as renewed U.S.-Iran military action lifted oil and stoked fears of energy-driven inflation and higher interest rates. Other precious metals also moved lower for the week as the dollar steadied from last week’s losses.
Oil prices edged lower in early Friday trading but were poised to record weekly gains as U.S. and Iranian forces exchanged strikes. Market pressure from concerns about accelerating inflation and its potential to dampen fuel demand counterbalanced supply worries tied to renewed hostilities and delays in reopening a critical shipping lane.
The U.S. House of Representatives will vote next week on a bill to make daylight saving time permanent, a measure that previously cleared the House Energy and Commerce Committee by 48-1 and that the Senate unanimously approved in March 2022 but which the House did not take up at the time. The proposal would allow states to opt out and has drawn bot…
Turkish Energy Minister Alparslan Bayraktar said Turkey and Iraq have finalized a one-year pipeline agreement that they expect to sign in the coming days to ensure continued crude flows to Ceyhan. The current accord is due to expire on July 27. The pipeline, which was dormant for 2-1/2 years after an arbitration ruling, resumed operations late last…
Inventories of jet fuel and kerosene at the Amsterdam-Rotterdam-Antwerp refining and storage hub fell 4.5% in the week ending Thursday, driven by reduced exports and a lack of incoming cargoes, while gasoline and naphtha also registered notable declines, industry data show. River navigation constraints and higher freight rates are affecting blendin…
HSBC reduced its average gold price forecasts for 2026 and 2027 following a pronounced sell-off earlier this year, but the bank expects underlying fiscal imbalances and heightened geopolitical tensions to restore demand and support a renewed rally in the metal over time. Central bank buying, modest mine output growth, and rising recycling will shap…
