Commodities News — page 7

Reports indicate President Trump said the United States should control the Strait of Hormuz and be compensated for it, a stance that commentators say could signal a shift in rhetoric around the strategic waterway and its impact on oil markets.

European markets move on oil gains tied to renewed US-Iran tensions, with airlines and oil stocks reacting as mediators pursue talks amid renewed warnings

Markets react to renewed US-Iran tensions as crude prices rally and the pound weakens on the back of a stronger dollar, with Brent approaching recent highs and a potential upside beyond $80

Markets react as U.S.-Iran clashes escalate, with Iran attacking bases in Gulf states and declaring the Strait of Hormuz closed, triggering a rise in oil prices.

Escalating tensions in the Gulf lead Iran to declare the Strait of Hormuz closed after US strikes on Iranian targets, with reports of expanded strikes and ship encounters heightening supply-risk concerns.

The IEA projected a decline in global oil demand for the year, marking the first annual decrease since the Covid era, a development reported by multiple outlets.

The U.S. Commodity Futures Trading Commission temporarily blocked CME Group from launching around-the-clock crude oil futures trading, delaying a planned expansion of market access for the contract.

Oil prices climbed after reported U.S. strikes on Iran, renewing worries about potential disruption to Middle East supply and keeping markets watchful for further developments.

Oil rises on renewed U.S.-Iran strikes, while risk sentiment sours and Canadian assets react to heightened geopolitical tensions and higher oil prices

Markets react as Trump remarks suggest U.S.-Iran tensions are escalating, sending oil prices higher while stock futures retreat

Fresh U.S. airstrikes on Iranian targets supported a rebound in Brent crude, boosting European energy shares as oil markets priced in potential supply-risk changes

Oil prices rose following U.S. strikes on Iran, underscoring market nerves as a fragile regional truce amid tensions in the Strait of Hormuz faces renewed pressure

Oil prices rose after reports that the United States conducted strikes on Iran in response to attacks linked to Hormuz Strait shipping, with CENTCOM confirming actions

The U.S. dollar strengthened as crude oil prices rose on renewed Middle East tensions, with markets eyeing FOMC minutes and oil inventories for potential policy implications.

Markets react as the US withdraws a general license allowing Iran oil sales, a move that coincides with tensions around tanker incidents

Ukrainian drone strike damages Russia’s largest oil refinery, while broader energy-market stress and geopolitical tension escalate ahead of a key NATO gathering

Oil futures advanced after reports of an Iranian attack on commercial ships in the Strait of Hormuz, with markets monitoring developments and geopolitical risk in the energy corridor.

Reports say Iran could struggle to clear oil inventories post-relief as global supply dynamics and demand shifts complicate the clearance timeline, with Japan eyed as a potential buyer amid calls for longer sanctions waivers

Gold prices rise as investors scale back expectations for further U.S. rate hikes and the dollar slips toward a recent low, while the yen remains under pressure amid broader currency volatility.

Oil prices edged lower as OPEC+ agreed to lift output targets from August, with key producer exports moving through the Strait showing signs of recovery, fueling concerns about oversupply.

OPEC+ is poised to lift quotas again, with two sources indicating an increase of 188,000 barrels per day starting in August.

PJM, the largest US power grid operator, tightened emergency measures under a federal alert to curb consumption and avert potential blackouts across its extensive service area.

Gold jumps after softer US payroll data prompts markets to reassess Fed rate expectations, lifting commodity sentiment and supporting TSX futures alongside European equities

Gold edges higher amid fading expectations for a Federal Reserve rate increase, while Asian equities rally as tech shares rebound on dovish Fed bets and easing geopolitical tensions

Oil edged higher ahead of a U.S. extended weekend as cautious optimism persisted over peace efforts involving the U.S. and Iran in the Middle East.

Oil prices eased after talks between the U.S. and Iran in Doha wrapped up, with observers citing improving dialogue and ample supply as pressure factors.

U.S. crude inventories fell in the latest weekly EIA report, with gasoline and distillate parts of the complex showing mixed movements, while crude futures traded near the mid-$60s to $69 area following the release.

According to Reuters reports cited by Investing.com and ForexLive, OPEC+ is likely to raise August oil output quotas by 188,000 barrels per day as part of a gradual unwinding of voluntary production cuts.

OPEC+ is expected to raise August output quotas by 188,000 barrels per day at its Sunday meeting, continuing its gradual supply restoration into a soft market where oil has slipped on US-Iran talks progress and record US production.

Gold extends declines as investors gauge interest-rate trajectories and geopolitical tensions, continuing a slide that followed its worst quarter in over a decade