A 60-day US-Iran interim agreement has triggered a recovery in vessel traffic through the Strait of Hormuz. VLCC charter rates have surged to $280,000 per day, offsetting high war risk premiums. Meanwhile, expectations of resuming Middle East supply…

U.S. President Trump ordered a Department of Justice investigation into major oil companies, alleging price gouging as retail gasoline failed to track an 18% drop in crude. Analysts view the move as mid-term election positioning, while experts cite…

LME copper prices rose 0.71% on Monday as traders assessed the first round of US-Iran peace talks in Switzerland and awaited the US Commerce Department's copper tariff review due by late June.

According to JODI data, Saudi Arabia's April crude exports dropped to 399.0 million bpd while production fell to 6.316 million bpd, hitting record lows due to conflict in the Gulf and shipping constraints in the Strait of Hormuz.

US and Iran align on a 60-day roadmap toward a final deal, sending Brent crude down 1.7%. UK Prime Minister Keir Starmer announces his resignation, dragging Sterling to a 2026 low, while hawkish Fed bets push 2-year Treasury yields to new highs.

High-Sulfur Fuel Oil Spreads Flip to Discount as Diesel Crack Slumps to Months-Low

Spot gold dropped over 1% as escalating Middle East conflicts pushed oil higher, boosting global inflation concerns and hawkish central bank expectations ahead of US CPI data.

Spot gold fell below $4,200/oz following three rounds of US air strikes on Iran. Oil prices rebounded on supply concerns, stoking global inflation fears and pressure on non-yielding assets. Analysts eye next support at $4,100.

Despite the Strait of Hormuz being closed for over 100 days, oil prices remain under $100. Ample global inventories, non-OPEC production growth from the US and Brazil, and strategic stock drawdowns by China have provided critical cushions against the

Price Volatility and Geopolitical Conflict Reshape China May Commodity Imports

Latest ZATCA data reveals Saudi Arabia imported 1.9 million vehicles over two years, with China overtaking Japan for the top spot. Saudi Arabia is accelerating localization through the King Salman Automotive Industrial Park.

Spot gold prices face pressure under rising Fed rate hike expectations, breaking below the 200-day moving average for the first time since October 2023. Goldman Sachs projects no rate cuts this year, pushing the first cut to June 2027.

US President Donald Trump revealed ongoing negotiations with Iran, noting Tehran agrees to key nuclear conditions, with an expectation of a comprehensive deal and subsequent oil price adjustments within two weeks.

Goldman Sachs' Tony Kim indicates that rising real rates and liquidity shifts present resistance for gold and silver, while high inventories cap copper. Conversely, Middle East supply disruptions could push aluminum to test $4,000 per ton.

Spot gold rose 0.8% to $4,468.84 per ounce on Thursday as falling crude prices and a weaker dollar provided support. Investors weigh the Israel-Lebanon ceasefire and Fed policy commentary.

Asian markets fell as US-Iran hostilities renewed risk-off sentiment, pushing the Nikkei down 1.9%. While a sub-litani ceasefire pulled Brent crude back to $96.59, safe-haven flows supported the dollar, keeping crypto and tech shares under pressure.

Disrupted transit through the Strait of Hormuz has caused the sharpest drop in US diesel inventories on record, sending average retail prices up 45% to $5.43 per gallon. Goldman Sachs warns of critical supply risks by August as downstream manufactur…

Goldman Sachs raised its year-end 2026 copper price forecast to $13,735 per metric ton and its 2027 average forecast to $13,800. The bank cited slower-than-expected supply growth and surging U.S. imports.

RBC reports that recent oil price declines reflect a collective market misjudgment over a potential US-Iran deal. Global inventories are depleting at a record pace, threatening to hit historic lows by October and posing a severe stress test for the…

Middle East tensions escalate as Kuwait activates its air defense system against missile and drone threats. The US military confirms airstrikes on Iranian targets in Bandar Abbas, while the IRGC retaliates against a US base. Driven by geopolitical r…

South Korea's MOFA confirmed the M/V NAMU was struck by Iranian-made Noor-series anti-ship missiles in the Strait of Hormuz. While Seoul demanded an official apology, the Iranian ambassador denied involvement, sparking concerns over shipping insuran…

Facing a near-halved global market price, Guinea, the world's top bauxite exporter, plans to implement strict export quotas in June. Mines Minister Bouna Sylla also unveiled blueprints for 5 new alumina refineries to boost local capacity to 7.2 milli

India has raised import duties on gold and silver to 15 percent and restricted silver bullion inflows, triggering steep local discounts, while mounting US inflation pressures drive bets on a Fed rate hike, pulling spot gold below 4500 dollars.

US bond yields fell across the curve in Tokyo trading as prospects of a Doha agreement on the Strait of Hormuz eased inflation fears, ahead of Fed Chair Warsh's speech.

With one-fifth of global LNG supply restricted by the Hormuz closure, forecasted El Niño heatwaves in Asia are driving up cooling demand, diverting US cargoes from Europe and elevating price risks.

Asian refined product markets rebounded on Tuesday as renewed uncertainties surrounding a potential US-Iran pact pushed gasoil crack spreads back above $48 per barrel. VLSFO cash premiums held firm above $40 a ton, while naphtha margins stabilized af

The recent gold sell-off reflects forced sovereign liquidity management amid the Hormuz energy shock. Analysts expect underlying growth damage to eventually push central banks back to easing.

In May 2026, Chinese lithium battery material companies, including Dynanonic and Putailai, launched a new expansion wave with total investments exceeding 20 billion RMB. Backed by lithium carbonate prices recovering to 180,000 RMB/ton, firms are util

Facing navigation risks in the Strait of Hormuz, UAE's ADNOC and Qatar are utilizing AIS dark transits and shuttle runs to sustain oil and LNG exports. Trade flows remain constrained.

Oil prices slid over 4% as the US and Iran approach a deal to reopen the Strait of Hormuz. Global equities hit record highs while Uber bids $11.6B for Delivery Hero. Meanwhile, markets aggressively price in a Fed rate hike by Jan 2027 under newly swo