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.
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
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
Brent and WTI crude futures dropped around 5 percent to two-week lows driven by market optimism regarding US-Iran peace talks and the potential reopening of the Strait of Hormuz. US rig counts rose for a fifth consecutive week.
IEA Executive Director Fatih Birol warned that the global oil market could enter a highly dangerous red alarm zone by July or August as stocks deplete ahead of peak summer demand. With the Strait of Hormuz closed, global disruptions have exceeded 1 b
Spot gold fell toward 4527 per ounce on Friday as the US dollar regained safe-haven momentum. Conflicting geopolitical signals over the US-Iran nuclear draft and the Hormuz Strait left inflation fears high, boosting year-end Fed rate hike odds. Trade
Hong Kong-listed auto stocks extend recovery gains led by Li Auto, Xpeng, and NIO. The sector is supported by a 126% YoY surge in Q1 EV exports and NIO's consecutive quarterly operating profit, alongside Tesla's FSD Supervised official expansion into
FAO warns of a looming global food crisis within 6 to 12 months, driven by the Hormuz Strait fertilizer blockade, soaring diesel costs, historic North American drought, and a 50% probability of a record Super El Niño event.
US-Iran negotiations have stalled, raising concerns of imminent strikes on Iranian infrastructure this week. With Iran threatening to restrict access to the Strait of Hormuz, which handles 20% of global oil, geopolitical escalation has sparked severe
A drone strike on a UAE nuclear plant and the closed Strait of Hormuz sparked inflation fears, pushing Brent crude to $110.70. Rising bond yields pressured non-yielding gold, which fell ~$55 to near $4485/oz, as markets focus on Fed's rate path.
New Gulf drone strikes intensify the Hormuz blockade, driving Brent crude higher. Rising US yields push Fed rate hike probabilities to 50-50, putting the AI rally to a crucial test with Nvidia earnings.
China has committed to purchasing at least $17 billion in US agricultural products annually through 2028 and reopened markets for US beef and poultry. Beijing also addressed US concerns regarding rare earth export restrictions, while both nations adv
Despite OPEC+ plans to unwind 1.65m bpd cuts, the US-Iran war and Hormuz blockade render increases symbolic. With Saudi output at a 1990 low and the UAE exiting, global stagflation risks surge.
Brent crude closed flat as Iran allowed 30 ships to pass Hormuz and US-China agreed on keeping the strait open. However, attacks near Oman and the IMF's GDP downgrade to 2.5% sustain supply and stagflation fears.
A fully loaded VLCC owned by Japan's Eneos Holdings has safely transited the Strait of Hormuz. Japanese officials confirmed no fees were paid. Despite this, 39 Japan-related vessels remain stranded in the Persian Gulf, maintaining high systemic risks
Driven by a fire at LatAm's largest zinc smelter and critically low global inventories, LME benchmark zinc prices surged above $3,633 per metric ton. Meanwhile, copper snapped its winning streak with a technical pullback, highlighting divergent trend
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