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.
1,912 total articles
A negotiated cessation of hostilities between the United States, Israel and Iran has paused active fighting but consolidated a new strategic reality: Iran remains politically resilient, its regional networks intact, and it now exerts de facto control over the Strait of Hormuz. Analysts and Gulf officials warn that unless a comprehensive settlement …
Hours from collapse, a concentrated Pakistani diplomatic effort overnight helped secure a temporary ceasefire between Iran and the United States and opened the door for direct talks. The initiative involved high-level contact across Washington, Tehran and regional capitals, and only gained traction after Pakistan obtained assurances that Israeli st…
During a visit to Budapest, U.S. Vice President JD Vance described Ukrainian President Volodymyr Zelenskiy’s reported comments about Hungary’s Prime Minister Viktor Orban as "scandalous" and supported Hungarian assertions that Kyiv sought to influence Hungary’s upcoming election by disrupting energy flows. The dispute has fed into a broader standof…
Investors sold roughly $950 million worth of Brent and U.S. crude futures in a concentrated block at 19:45 GMT, hours before a U.S. announcement of a two-week ceasefire with Iran. The trades - totaling 8,600 lots - occurred after settlement and were followed by a roughly 15% fall in crude futures to below $100 a barrel when the ceasefire was announ…
Iran told U.N. officials in Geneva it will approach the forthcoming negotiations with the United States with caution, citing a deep lack of trust, and indicated the six-week-old war has altered considerations for the legal framework governing passage through the Strait of Hormuz. The comments followed a Pakistan-brokered two-week ceasefire and arra…
Oil prices fell sharply by roughly 10-15% after news of a two-week ceasefire between the U.S. and Iran and a conditional reopening of the Strait of Hormuz. Barclays analysts say the decline may not be sustained and expect continued volatility, while shipping firms say they need greater assurances before resuming transits. Market participants will c…
A two-week ceasefire agreed between the U.S. and Iran has opened the prospect of resumed tanker traffic through the Strait of Hormuz, but shipowners, charterers and refiners are seeking technical clarification before restarting transits. Hundreds of laden tankers and more than 1,000 ocean-going vessels remain trapped inside the Gulf, and industry g…
Global markets rallied after U.S. President Donald Trump announced a two-week ceasefire with Iran, triggering a fall in oil prices below $100 a barrel and a broad move into risk assets. Equities from the United States to Asia jumped, bond prices climbed and the dollar eased. Traders caution that the ceasefire is conditional and short-term, and upco…
European natural gas futures fell sharply on Wednesday after reports that a temporary ceasefire between the United States and Iran could ease recent disruptions to Persian Gulf energy exports. The Dutch front-month TTF contract plunged 14.6% to 45.50 euros per megawatt hour by 06:06 ET (10:06 GMT), marking its largest one-day decline in almost a mo…
French President Emmanuel Macron said about 15 countries have mobilised under France's leadership to plan a strictly defensive mission, in coordination with Iran, to help resume traffic through the Strait of Hormuz after a US-Iran ceasefire. Macron welcomed the ceasefire but stressed that Lebanon remains a critical concern and should be included in…
British Prime Minister Keir Starmer will visit Gulf states on Wednesday to coordinate with partners on keeping the Strait of Hormuz open permanently after a U.S.-Iran ceasefire, his office said. Starmer welcomed the ceasefire and said allied diplomacy should convert it into a lasting agreement that enables the strait to reopen. The visit was planne…
U.S. President Donald Trump accepted a two-week ceasefire with Iran hours before a threatened deadline to strike if Tehran did not reopen the Strait of Hormuz, conditioned on the waterway resuming oil and gas traffic. Pakistan helped broker the pause; Iran said it would halt counter-attacks and allow safe passage if attacks ceased. The arrangement …
Australian Prime Minister Anthony Albanese welcomed a two-week ceasefire agreed by the United States, Israel and Iran, while expressing concern over President Donald Trump’s stark public warnings issued before the ceasefire. Albanese praised the truce but said Trump’s language risked causing alarm; he has also recently signalled unease with the tra…
TikTok has confirmed a second major data centre investment in Finland worth 1 billion euros, with initial capacity set at 50 megawatts and potential expansion to 128 MW in Lahti. The move is presented as part of a broader 12 billion-euro initiative to localize data storage for European users and follows political scrutiny surrounding its earlier Fi…
Spot gold and other precious metals jumped in Asian trade after U.S. President Donald Trump said he would suspend military action against Iran for two weeks. The announcement, made shortly before an 8:00 p.m. ET deadline, coincided with a steep drop in oil prices and a weaker U.S. dollar, lifting bullion to its highest level since March 19.
Oil prices fell sharply in Asian trading after the U.S. president agreed to a two-week suspension of military action with Iran and set conditions for the Strait of Hormuz to be reopened. West Texas Intermediate futures plunged into double-digit declines from multi-month highs reached amid earlier fears of a major escalation.
WASHINGTON, April 7 - U.S. President Donald Trump said on Tuesday he agreed to suspend planned bombing and attack operations against Iran for two weeks. The announcement followed conversations with Pakistani leaders who had sought a two-week ceasefire; the pause is conditioned on Iran agreeing to "the COMPLETE, IMMEDIATE, and SAFE OPENING of the St…
Chicago's wholesale jet fuel price has climbed above $5 per gallon as disruptions tied to the Iran war coincide with scheduled refinery maintenance in the Midwest, leaving regional supply strained. The spike has pushed carriers to raise fares and reduce capacity and has also driven increases in diesel cash differentials in the Chicago market.
The campaign by U.S. and Israeli forces targeting Iranian facilities, and Iran's counterattacks across the Gulf, have damaged more than 40 energy assets and severely disrupted shipping through the Strait of Hormuz, a chokepoint for about 20% of global oil and LNG flows. The IEA described the impact as the largest supply disruption on record. Below,…
Physical crude prices for near-term delivery have climbed to record levels, with some grades trading close to $150 a barrel, as the U.S.-Israel conflict with Iran and Iran's effective closure of the Strait of Hormuz have removed roughly 12 million barrels per day from global flows. The squeeze has pushed benchmark dated Brent and North Sea Forties …
At a joint news conference in Budapest on April 7, U.S. Vice President JD Vance sharply criticized what he described as European Union interference in Hungary’s election and praised Prime Minister Viktor Orban as an ally. Both speakers addressed the Russia-Ukraine war and prospects for peace, and Vance outlined two possible outcomes for tensions wi…
U.S. strikes on Iran's Kharg Island struck military targets and, according to U.S. officials, did not damage oil infrastructure. Vice President JD Vance said the action does not represent a change in U.S. strategy and reiterated a timeline for Iran to respond in negotiations to end the conflict. The administration continues to press Iran to forswea…
Russian Prime Minister Mikhail Mishustin said disruptions to global supplies caused by the Middle East war present new export opportunities for Russia, particularly for resources that have become scarce. He underscored that safeguarding domestic price stability remains the government's top priority and pointed to recent export restrictions as examp…
Global markets opened the week in a cautious stance as investors counted down to a presidential deadline for Iran to reopen the Strait of Hormuz. Tehran has refused a ceasefire and rejected reopening the waterway, leaving oil volatile and equity sentiment tentative. U.S. macro data and central bank speeches this week add to an already uncertain bac…
China's central bank extended a 17-month streak of net gold purchases in March, raising holdings by 160,000 fine troy ounces to 74.38 million fine troy ounces. The dollar valuation of those reserves fell to $342.76 billion from $387.59 billion a month earlier as global prices weakened. UBS strategist Joni Teves says the official-sector buying trend…
