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.
2,693 total articles
The German finance ministry has announced cuts to the silver content of two limited-edition euro collector coins, reducing weight and increasing copper content, citing sharp swings in silver prices and a goal of preventing speculative demand or budgetary issues. The change affects 35- and 50-euro coins and follows a year of intense silver volatilit…
After Iran’s closure of the Strait of Hormuz in response to U.S.-Israeli attacks sent global energy prices sharply higher, G7 and EU officials moved to coordinate measures to blunt the economic impact. Options range from strategic oil releases to targeted subsidies and temporary tax cuts; governments face trade-offs between protecting households an…
Global markets opened the week under pressure as rising crude prices signalled a deeper, possibly prolonged, energy shock. Brent breached $116 per barrel and U.S. crude topped $102 before easing slightly, while three-month Brent futures climbed above $100, reflecting growing concern that the Middle East conflict may not abate soon. The moves reverb…
Serbia has obtained a three-month extension of its gas import contract with Russia following a telephone conversation between Serbian President Aleksandar Vucic and Russian President Vladimir Putin. The renewal preserves the present price and daily volume terms — roughly $320-$330 per 1,000 cubic meters for up to 6 million cubic meters per day — an…
Macquarie strategists warn that if the Iran conflict persists through the end of June and the Strait of Hormuz remains largely closed, Brent crude could reach $200 a barrel and U.S. gasoline could rise to roughly $7 a gallon. The bank lays out a base case of an early resolution and a more severe upside scenario with far-reaching economic consequenc…
Israel’s Finance Ministry projects 2026 economic growth between 3.3% and 3.8%, with the exact outcome tied to how long hostilities with Iran and Iran-backed Hezbollah last. The ministry also provided a 2027 growth range and advanced a revised state budget that increases defence spending and secured parliamentary approval.
Aluminum futures rose sharply toward four-year peaks after Iranian strikes damaged key Gulf smelting facilities, constricting supply from producers that represent about 9% of global output. The move pushed London Metal Exchange three-month aluminum higher and triggered gains in major aluminum producers' equities in both London and U.S. pre-market t…
A sequence of U.S.-Israeli air strikes has killed several of Iran's most senior political and military officials, including Supreme Leader Ayatollah Ali Khamenei. The attacks, concentrated on Tehran and the port city of Bandar Abbas as well as the Pardis area, have removed influential figures across the country’s security and defence establishments…
Aluminium prices jumped sharply on Monday after weekend Iranian strikes struck two of the Middle East’s largest aluminium producers, stoking fears of a prolonged supply disruption. London Metal Exchange three-month aluminium rose 3.85% to $3,423 a metric ton as of 0718 GMT, while the most-active contract on the Shanghai Futures Exchange closed 3.43…
Aluminium futures on the London Metal Exchange climbed sharply after weekend strikes damaged two of the Middle East's largest aluminium producers. Benchmark three-month LME aluminium rose to $3,492 per metric ton at the open, a near four-year high, while companies and markets continue to assess the operational and supply implications.
President Donald Trump said the United States and Iran have engaged both directly and indirectly and described Iran’s replacement leadership as "very reasonable," while Pakistan announced plans to host talks aimed at ending the month-long war. The diplomatic overtures come as U.S. troop deployments increase, Israeli strikes continue across Iran and…
Gold in Asian trading ticked up modestly after extreme volatility last week, with spot and futures contracts both gaining 0.4%. Investors are monitoring the potential widening of the U.S.-Israel conflict with Iran, including new strikes by Yemen-based Houthis and reports of U.S. troop movements to the Middle East. Analysts characterize the recent g…
Oil futures spiked in early trading after Yemen's Houthi movement launched missiles at Israel, widening the geographic scope of the Middle East conflict. Brent rose to $115.08 a barrel, briefly touching $116.43, as reports of attacks, military deployments and maritime vulnerability heightened concerns about global supply disruptions.
The New York Times reported that the United States is permitting a Russian oil tanker to reach Cuba, marking a softening of Washington's effective blockade of oil shipments to the island. The sanctioned tanker Anatoly Kolodkin departed Russia's Primorsk port carrying between 650,000 and 730,000 barrels of crude, according to ship-monitoring data an…
Rosatom has reported a deterioration in conditions at Iran's Bushehr nuclear power plant following another nearby strike, warning that such attacks constitute a direct threat to nuclear safety. The International Atomic Energy Agency said Iran informed it of the latest incident - the third in 10 days - and reported no damage to the operating reactor…
The European Union's trade commissioner described a constructive meeting with the U.S. Trade Representative at the World Trade Organization ministerial in Cameroon, with both sides agreeing to push forward cooperation on critical minerals and addressing tariffs. EU lawmakers recently advanced legislation intended to implement the EU side of the Tur…
Technical strategists at Bank of America warn that gold’s recent retreat could extend into a multi-month consolidation rather than prompt a sharp rebound. A mix of macro pressure, stretched positioning and shifting central-bank behavior has left bullion vulnerable, with analysts highlighting downside scenarios that include a potential pullback towa…
A missile detected from Yemen has been reported amid a widening U.S.-Israeli conflict with Iran, coming hours after the Iran-aligned Houthi movement warned it was prepared to act should hostilities escalate. The Houthis are a long-established military, political and religious force in northern Yemen with demonstrated missile and drone capabilities.…
The Israeli military announced early on Saturday that it had detected a missile launch from Yemen, the first recorded missile launch from that country since the outbreak of the war. The detection came hours after Iran-aligned Houthi forces said they were prepared to act if what they termed an escalation against Iran and the 'axis of resistance' per…
U.S.-Israeli air strikes have struck deep into Iran’s political and military leadership, killing the Supreme Leader and multiple senior officials and commanders. The losses include top security and intelligence figures, senior Revolutionary Guards commanders, and Iran’s defence minister. These strikes have coincided with disruptions to energy marke…
The Environmental Protection Agency has finalized higher renewable fuel blending mandates for 2026 and 2027, directing refiners to blend more biofuels into gasoline and diesel. The move, which incorporates a portion of previously waived volumes, drew criticism from U.S. refiners who say it will lift pump prices already climbing amid the conflict in…
Canada’s minister of international trade said he aims to finalize a free-trade agreement with the Mercosur bloc by the autumn, accelerating negotiation timetables and holding frequent talks on the sidelines of the World Trade Organization ministerial in Yaounde. Bilateral discussions with Argentina, Paraguay, Brazil and Uruguay are under way, while…
At a G7 meeting in Vaux-de-Cernay, France on March 27, foreign ministers issued a joint statement calling for an immediate end to attacks on civilians and civilian infrastructure in the Iran war. They emphasized limiting the conflict's effects on regional partners, populations and critical systems, while urging restoration of safe, toll-free naviga…
Gulf Arab governments are pressing the United States to secure more than a cessation of hostilities with Iran. Officials and regional experts say any settlement must permanently degrade Iran’s missile and drone arsenal, constrain proxy operations that threaten shipping and energy infrastructure, and enshrine guarantees that the Strait of Hormuz wil…
Trade ministers gathered in Yaounde, Cameroon, remain committed to negotiating World Trade Organization reforms, but deep divisions persist, notably between the United States and India. Key sticking points include whether to adopt a detailed reform workplan, extension of an e-commerce moratorium, the inclusion of an Investment Facilitation for Deve…
