Commodities
Oil, gas, metals, crops, and raw-material price shifts.
Oil Heads for Weekly Gain as Gulf Supply Risks Keep Hormuz Traffic Low
Oil was on track for a weekly gain of about 5% as renewed U.S.-Iran tensions kept tanker traffic through the Strait of Hormuz subdued and added support to crude prices.
IEA warns of petrol and diesel supply crunch
The International Energy Agency warned that global petrol and diesel supplies are tightening as Middle East disruptions, Ukrainian strikes on Russian refineries and Russia’s diesel export ban strain refined-fuel markets.
Dow Jones Futures, Oil Prices Shake on Iran Escalation and Strait of Hormuz Risk
Renewed U.S.-Iran fighting is raising concerns that shipping through the Strait of Hormuz could be disrupted, adding volatility to oil, fuel and equity markets.
Oil Futures Rise as U.S.-Iran Strikes Rekindle Conflict
Oil prices rose after renewed U.S. strikes on Iran and Iranian retaliation around the Strait of Hormuz revived fears of a supply disruption. Brent crude climbed to $78.88 a barrel as traders weighed risks to tanker traffic, gasoline costs and broader inflation.
AP: Fuel-price anxiety rises as US-Iran ceasefire frays
Oil and gasoline markets are reacting to renewed U.S.-Iran fighting and shipping disruption in the Strait of Hormuz, with traders watching for further price pressure.
The tenuous state of a US-Iran ceasefire renews anxiety over high fuel prices
President Donald Trump’s declaration that the US-Iran ceasefire was over revived market fears on July 8, pushing oil prices higher, nudging gasoline up and renewing concern over shipping through the Strait of Hormuz.
Global food prices edged lower in June, FAO says
The FAO said its global food price index dipped 0.3% in June to 130.3 points, with lower cereal, sugar and dairy prices outweighing gains in vegetable oils and meat. The index remained 2.2% above a year earlier, and weather risk still clouds the outlook.
His $7 Billion Tanker Bet Raised Eyebrows. He Couldn't Have Timed It Better.
South Korean tanker owner Ga-Hyun Chung spent about $7 billion building a large fleet that now stands to benefit from disruption in the Strait of Hormuz, where tanker rates and insurance costs remain elevated even as oil prices ease.
Oil Price Today (July 3): Crude oil heads for 4th weekly loss on Hormuz traffic, US-Iran talks
Crude oil is on track for a fourth straight weekly loss as tanker traffic through the Strait of Hormuz stabilizes and US-Iran diplomacy keeps geopolitical risk premiums under pressure.
Oil falls as supply-disruption concerns continue to ease
Oil futures eased as traders judged Middle East supply risks to be fading, with Citi saying flows through the Strait of Hormuz are normalizing and a U.S.-Iran memorandum may still become a deal.
Oil Futures Edge Up Ahead of Long U.S. Weekend
Oil futures rose modestly on July 2 as traders weighed a long U.S. holiday weekend, resumed Strait of Hormuz flows and renewed U.S.-Iran tensions. WTI settled at $68.69 and Brent at $71.80.
Comex Gold Ends the Week 0.81% Higher at $4112.70
Comex gold settled at $4,112.70 on July 2, up 0.81% for the week, after weaker U.S. jobs data and dovish-leaning Fed commentary lifted precious metals.
Shell warns global LNG supply could contract if Strait of Hormuz disruption continues
Shell said its annual LNG outlook sees 2026 global sales near 2025 levels unless traffic through the Strait of Hormuz normalizes this summer. If disruption persists, supply could contract.
Oil prices fall below $70 as Trump says Iran violated cease-fire with Strait of Hormuz drone strike
Oil prices fell below $70 a barrel on June 26 after a drone attack on a commercial ship in the Strait of Hormuz and President Trump’s claim that Iran violated a cease-fire agreement. Later reporting said the U.S. struck Iranian targets near the strait, while traders still treated the incident as a warning rather than a full supply shock.
Crude oil near $75 as tanker traffic resumes through Strait of Hormuz after nearly four months of disruption
Oil prices eased near $75 a barrel as tanker traffic resumed through the Strait of Hormuz after nearly four months of disruption. Saudi Arabia restarted crude loadings at Ju'aymah, while the U.N. paused ship evacuations after a new attack and the U.S. struck Iran in response.
Grid operator warns again over power supplies in heatwave
Britain’s National Energy System Operator issued a second electricity margin notice in a week as a heatwave tightened supply margins, but said blackout risk was not immediate.
Oil Prices Pick Up on Strait of Hormuz Concerns
Oil prices moved higher on June 25 after a vessel was struck near Oman, prompting the International Maritime Organization to pause a ship evacuation effort through the Strait of Hormuz. Iran warned ships against using the route without approval, while traders tracked intraday volatility in Brent and U.S. crude.
Europe heatwave drives electricity prices to record highs
A late-June heatwave across Europe has pushed wholesale electricity prices to record highs in several markets, forcing grid operators to buy expensive imports and manage reactor curtailments as cooling limits bit into supply.
Oil price falls to pre-Iran war levels as more tankers exit Strait of Hormuz
Brent crude fell back below prewar levels on June 25 as tanker traffic through the Strait of Hormuz improved, easing immediate supply fears even as Iran warned the new route was unsafe and unauthorized.
Stock Futures Rise on Micron Earnings; Brent Slips Back to Pre-Conflict Levels
U.S. stock futures rose after Micron’s earnings revived AI enthusiasm, while Brent crude fell back toward pre-conflict levels as tanker traffic through the Strait of Hormuz improved.
Hormuz closure strands almost 1,200 cargo ships with $125bn worth of goods
Allianz Commercial estimates that the Strait of Hormuz disruption has left about 1,150 to almost 1,200 cargo ships carrying roughly $125 billion in goods stranded in and around the Persian Gulf. Traffic is recovering only gradually after the U.S.-Iran ceasefire, while security, insurance and toll uncertainty still cloud a full reopening.
Oil falls as Trump says Iran will not charge tolls on Strait of Hormuz transit
Oil prices fell after President Donald Trump said Iran told the U.S. it would not charge tolls or other fees on ships passing through the Strait of Hormuz, easing supply-disruption fears.
Heatwave pushes Great Britain's grid operator to call for extra electricity from power plants
Great Britain’s grid operator issued a rare summer electricity margin notice and asked power plants for about 1,900 MW of extra capacity as a heatwave and low wind tightened supply margins. Neso said power was not at risk, but the move highlights how hot weather can strain the grid and raise balancing costs.
Oil tankers are being lured back into the Strait of Hormuz by big payouts
Tankers are returning to the Strait of Hormuz after the U.S.-Iran ceasefire because charter rates have surged, but the route remains risky and heavily watched by officials and insurers.