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.
2,688 total articles
Since early May, the U.S. military has directed a clandestine ship-to-ship oil transfer operation off the coast of Fujairah in the UAE and off Sohar in Oman. Using aerial and maritime drones and helicopters to monitor and guide convoys, the operation has involved at least 92 vessels and repeated mass transfers to Very Large Crude Carriers (VLCCs), …
Goldman Sachs has reduced its oil price forecasts for late 2026 and 2027 after U.S. officials announced an interim agreement that will lift a blockade and reopen the Strait of Hormuz. The bank now assumes Persian Gulf exports will return to pre-war levels by the end of July rather than end-August, prompting cuts to Brent and WTI fair-value expectat…
Chinese President Xi Jinping met Myanmar President Min Aung Hlaing in Beijing during a visit aimed at deepening bilateral ties. State ceremonies and the signing of cooperation documents highlighted the trip, which includes discussion of infrastructure projects tied to China’s Belt and Road Initiative and reflects Beijing’s continued role as a key p…
Myanmar President Min Aung Hlaing’s state visit to China, including a meeting with President Xi Jinping, gives the former junta chief a visible diplomatic endorsement as he pursues consolidation of power after a disputed election. Analysts say Beijing’s engagement is driven by strategic priorities - securing borders, access to rare earths, and adva…
Gold prices were largely unchanged in Asian trade on Tuesday, remaining close to one-week highs as traders awaited further details on a preliminary U.S.-Iran peace agreement and focused on an active schedule of central bank meetings, led by the Bank of Japan and the U.S. Federal Reserve. Spot gold inched up while U.S. futures dipped, following a sh…
Oil markets pushed higher on June 16 after a sharp drop the previous session, as traders weighed incomplete details of a preliminary memorandum of understanding said to pause hostilities between the U.S. and Iran. While early indications suggest the pact could reopen the blockaded Strait of Hormuz and extend a 60-day ceasefire, uncertainty about th…
Oil prices recovered modestly in Asian trade after a near 5% drop left benchmarks at three-month lows. Traders are awaiting details on a U.S.-Iran memorandum of understanding that aims to reopen the Strait of Hormuz, while questions about maritime security, insurance costs and the pace of restoring flows keep uncertainty elevated.
U.S. national retail gasoline prices fell below $4 a gallon for the first time since mid-April after markets reacted to a preliminary memorandum between the United States and Iran that raised hopes the Strait of Hormuz could reopen. Crude futures dropped more than $4 a barrel on the announcement, easing pump prices, but analysts caution that invent…
ICE canola futures eased on Monday following a U.S.-Iran memorandum of understanding that weighed on crude oil prices. The drop in oil held implications for biofuel demand and correlated vegetable oil contracts, with July and November canola settling lower while soyoil ticked up and European rapeseed fell.
The Strategic Petroleum Reserve declined to 340.3 million barrels after a planned government drawdown, its lowest reported level since 1983. The 8.9 million-barrel reduction is part of a 172 million-barrel release announced in March and coordinated with other nations amid heightened tensions following attacks on Iran. An exchange program for loaned…
U.S. soybean processors cut throughput in May, with the daily crush rate slipping to its weakest level since September. Monthly processing was down versus April but remained above May 2025 volumes. Soybean oil inventories also fell to a five-month low, reflecting a notable month-to-month decline after an April revision of stock figures.
Global sugar prices steadied on Monday after an initial U.S.-Iran agreement to end their conflict and reopen the Strait of Hormuz sent energy prices sharply lower. The move altered the relative economics for cane mills, encouraging sweetener output over biofuel ethanol production and prompting volatility in raw and white sugar futures.
The United States and Iran have signed a memorandum of understanding intended to bring a close to an almost four-month conflict, senior U.S. officials said. A signing ceremony is scheduled for Friday, and shipping through the Strait of Hormuz is expected to increase gradually rather than immediately return to pre-conflict levels. The agreement, whi…
A framework agreement between the United States and Iran that includes reopening the Strait of Hormuz and a 60-day ceasefire prompted an immediate drop in oil prices as traders priced in a return of flows. Industry analysts and officials, however, warn that a full restoration of crude production, refining throughput and LNG capacity will take weeks…
Wheat, corn and soybean futures fell on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister announced an initial agreement to end hostilities and restore traffic through the Strait of Hormuz. The diplomatic development pushed oil prices lower, weighing on agricultural commodities that serve as biofuel feedstocks, while weath…
U.S. Vice President JD Vance said he expects the text of an agreement to halt the war in Iran and reopen the Strait of Hormuz to be published this week. Speaking on CNBC, Vance said the United States anticipates long-term, toll-free passage through the strategically important waterway while technical negotiations continue on remaining details. Iran…
The European Parliament is scheduled to vote on legislation to implement the EU commitments of the Turnberry trade agreement concluded nearly 11 months ago with U.S. President Donald Trump. The pact foresees the removal of EU duties on U.S. imports in exchange for broadly 15% U.S. tariffs, and industry groups have urged approval to provide stabilit…
A memorandum of understanding that pauses hostilities for 60 days has brought a halt to the most intense phase of recent fighting, but regional actors and analysts say the outcome leaves Iran politically intact and Gulf confidence in U.S. security guarantees weakened. While Washington gains an exit from a costly campaign, Gulf states and Israel are…
Maritime security and shipping sources warn that even after a preliminary agreement to reopen the Strait of Hormuz, operations to detect and remove naval mines could stretch for several weeks. Assessments from Western security officials estimate 40 to 50 days of minesweeping using both conventional vessels and modern underwater drones may be requir…
Global equities climbed and oil prices fell after the United States and Iran reached a preliminary memorandum of understanding that could end months of near-total disruption in the Strait of Hormuz. While markets welcomed the prospect of resumed traffic and lower energy-driven inflation pressure, the agreement leaves key issues unresolved and a 60-…
French wine and spirits exporters criticized a U.S. presidential threat to impose 100% tariffs on French wine and champagne, saying the measure would be damaging for an industry heavily reliant on overseas sales. The threat was tied to a 3% French digital tax on U.S. technology companies, and follows earlier warnings of higher tariffs on alcoholic …
U.S. energy shares declined in premarket trading after crude futures fell following an initial agreement between Washington and Tehran that could end a months-long conflict and reopen the Strait of Hormuz. Markets reacted to comments that a memorandum of understanding will be signed in Switzerland on Friday and to a U.S. statement that the strait w…
European natural gas futures fell sharply on Monday following a brokered peace agreement between the United States and Iran that was announced over the weekend. The move, which helped ease crude oil prices and prompt market anxiety, pushed benchmark Dutch and British contracts to one-month lows. Despite the immediate geopolitical relief, low Europe…
Lebanese municipal councils in the south urged civilians who fled months of fighting not to return to their homes after a deal announced early on Monday between the United States and Iran that reportedly calls for an immediate end to military operations on all fronts, including Lebanon. Israel, which is not a signatory to the accord, said it will r…
Silver rose sharply to trade at $70.19 on the 4-hour chart after a more than 3% intraday advance. The move followed a breakout from the $68.30 area through the Ichimoku Cloud and a bullish SuperTrend reversal at $65.65. Volume increased on the rally, underscoring conviction, but price now confronts the 50% Fibonacci retracement at $70.42, a commonl…
