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.
1,008 total articles
Federal officials are preparing to temporarily suspend seasonal smog-related requirements for summer gasoline blends and permit year-round sales of E15, measures expected to reduce retail fuel costs by a few cents per gallon. The change, driven by supply pressures from the Iran conflict and steep crude and gasoline price gains, is intended to provi…
U.S. crude futures dropped about 4% in early trade after reports that Washington had sent Tehran a 15-point settlement plan that could lead to a ceasefire in the Middle East and ease disruptions to global oil supply. Prices pared recent gains amid conflicting statements from Iranian officials denying direct talks.
At the CERAWeek conference in Houston, senior executives from major and private U.S. shale operators said oil trading above $100 a barrel would not automatically translate into a meaningful increase in U.S. crude production unless those price levels persist beyond a single quarter. Companies have largely fixed plans and budgets for the year, are fo…
Iran has informed members of the International Maritime Organization that vessels it deems 'non-hostile' may transit the Strait of Hormuz provided they coordinate with Iranian authorities, according to a letter circulated among IMO members. The communication states that Tehran has taken measures to prevent parties involved in military actions again…
President Donald Trump told reporters on March 24 that U.S. officials are in contact with 'the right people' in Iran as part of efforts to negotiate an agreement to end hostilities. Speaking in the Oval Office, he said 'we're in negotiations right now' but declined to provide specifics, including whether envoys Steve Witkoff and Jared Kushner plann…
Israel's defence minister announced plans for Israeli forces to occupy southern Lebanon up to the Litani River, designating the area a "security zone". Lebanon's Hezbollah said it would resist any occupation, while the United Nations voiced concern over the rhetoric. The announcement comes amid continued strikes, bridge demolitions and growing civi…
President Trump halted planned strikes on Iranian energy infrastructure after warnings from Gulf Arab states and growing regional concern that the United States had misjudged Iran’s willingness to escalate. Gulf capitals privately told U.S. officials that strikes on Iranian power plants would provoke Iran to retaliate against critical Gulf energy a…
Participants in a prediction market are placing low odds on the Strait of Hormuz returning to normal shipping levels in the near term, even as talk continues about possible diplomatic progress between the United States and Iran. Market prices on Kalshi show probabilities climbing across the spring months but remain below even odds for a reopening b…
A Reuters/Ipsos four-day nationwide poll found President Donald Trump’s overall approval rating at 36%, down from 40% a week earlier. The decline coincides with rising gasoline prices since U.S. and Israeli strikes on Iran on February 28 and wider public disapproval of those strikes. The survey also shows fraying confidence among Republicans on Tru…
Pakistan has been quietly building direct lines to both Washington and Tehran and may host talks to try to end the Iran war. Its recent outreach to U.S. officials, ongoing backchannel exchanges with Iran, and a reputation for relative neutrality underpin its potential mediator role. Islamabad also stands to gain from an end to the conflict amid dom…
Turkey's central bank is reportedly considering tapping part of its large official gold holdings to stabilize the lira as the currency comes under renewed pressure linked to the war in Iran. Discussions include potential gold-for-foreign-currency swap transactions in the London market. The country faces rising import costs and high inflation, and a…
Stifel's analysis finds UK North Sea gas production trimmed the country's 2025 gas import bill by roughly £2.5 billion compared with buying liquefied natural gas at prevailing global prices. The firm anticipates larger savings in 2026 if upward pressure on LNG prices from the Persian Gulf conflict persists, while highlighting the role of tax policy…
Qatar's foreign ministry has stated there is no direct Qatari mediation between the United States and Iran, while affirming Doha's support for all formal and informal diplomatic pathways to end the conflict. The statement comes after President Donald Trump said the U.S. had held talks with Iran and reported 'major points of agreement,' a claim Tehr…
Spot electricity contracts across Europe fell significantly for Wednesday delivery after forecasts showed large increases in wind power output in Germany and France. German day-ahead baseload and the equivalent French contract both registered steep declines, while demand and nuclear availability projections remained largely stable.
A sudden extension of a 48-hour threat to strikes on Iranian power facilities into a five-day timeline, following reports of a diplomatic breakthrough, has left markets unsettled. Oil fell sharply on the initial announcement before retracing some losses, equities rallied then cooled, and U.S. Treasury yields briefly rose to seven-month highs. Confl…
Gold staged a notable recovery after plunging earlier in the session, recouping losses on news that the U.S. postponed planned strikes on Iranian energy infrastructure for five days amid what the U.S. described as productive talks. Spot gold traded at $4,423 per ounce after earlier falling below $4,200 and erasing year-to-date gains. Market moves h…
Global markets remain tightly tethered to oil prices amid fallout from the Iran conflict. Goldman Sachs strategists say crude is the dominant cross-asset driver, have raised near-term oil forecasts on supply disruption risks, and argue that a firmer dollar and positioning shifts help explain the recent correction in gold, which they view as a poten…
Grain and input price increases linked to the war in Iran have pushed up costs for soymeal, corn and other feed ingredients in China, worsening losses for hog producers facing weak demand and record-low pork prices. Smaller farms are especially exposed as margins turn negative, while government measures to curb overcapacity and state pork purchases…
A U.S. official told a news outlet that a recently announced five-day pause applies solely to attacks on Iran's energy facilities, while strikes on military, naval, ballistic missile and defense industrial targets will continue. The pause coincides with what President Donald Trump described as "productive" discussions with unnamed Iranian officials…
The European Union and Australia concluded a comprehensive free trade agreement that eliminates tariffs on a wide range of goods from day one, phases out others over a short period, protects certain European geographical product names, and opens investment and market access in critical minerals, vehicles, services and financial sectors.
Gold extended a 10-session losing streak in Asian trade after Iranian officials denied holding talks with U.S. representatives, following U.S. President Donald Trump’s decision to delay strikes on Iran’s energy infrastructure. Market calm from postponed strikes and a pullback in oil helped pare recent losses, but gold remains under pressure as inve…
Oil prices rose in early trade after Iran denied holding talks with the United States to end hostilities, a statement that contradicted U.S. comments and revived concerns about supply disruptions through the Strait of Hormuz. Brent and WTI both gained, reversing part of a sharp drop tied to a reported temporary pause in planned U.S. strikes. Offici…
After years of negotiations, the European Union and Australia have signed a comprehensive trade agreement that removes the vast majority of tariffs on EU exports to Australia, expands services market access and adjusts duties on critical minerals. The pact reflects a broader European effort to diversify trade links amid global trade frictions and g…
About 300 demonstrators rallied outside a Houston hotel hosting the annual CERAWeek energy conference, chanting demands for cleaner air and criticizing industry wealth. Members of 45 organizations gathered at a park across from the hotel, while police formed a perimeter as conference attendees passed by.
Oil futures rose in early Asian trading after Tehran refuted claims that it had engaged in talks with U.S. officials, creating renewed uncertainty about the trajectory of the conflict and global supply. Prices had plunged the previous session after a U.S. president announced a pause to a planned attack and cited productive conversations with unname…
