Commodities News — page 8

US authorities issued an emergency order to bolster the PJM power grid, the largest regional operator, as a dangerous heatwave threatens triple-digit temperatures and surging electricity demand, with forecasters urging residents to stay indoors.

Gold closed its worst quarter since 2013, stuck below $4,000, as expectations of tighter Fed policy and a dollar at multi-month highs sapped demand, with traders now focused on a scheduled speech by the Fed chair and upcoming US jobs data.

Coffee bean costs have tumbled from 2026's record highs on a healthier Brazilian harvest outlook, and Nestlé has signaled the cheaper inputs should lift its margins and could eventually ease prices for consumers, though long supply chains mean any retail relief is likely to lag.

Crude oil is on track for its biggest quarterly decline in about six years, with Brent in the low-$70s and WTI near $70, as Hormuz shipping workarounds, softer Chinese imports and US-Iran de-escalation unwind the historic supply crunch that drove prices above $110 earlier in 2026.

The White House authorizes a temporary suspension of certain duties on phosphate fertilizer imports from Morocco, according to reports from Investing.com and ForexLive.

Gold falls on renewed U.S.-Iran strikes while oil gains amid renewed concerns about Middle East crude supply and regional disruption

Oil futures edged higher as renewed U.S.-Iran air activity raised tensions near the Persian Gulf, with investors eyeing developments in Qatar-led regional talks and the potential impact on supply routes.

Oil prices rise after renewed U.S. strikes on Iran targets, while stock futures hold steady amid mixed weekly performance and sector rotation

The IAEA has access to Iran's nuclear sites under an interim arrangement, with the agency hoping to visit soon and monitor compliance amid broader talks

Chevron's CFO said US gasoline prices should fall as Middle East tensions ease but that it will take time, after President Trump ordered a DOJ probe into oil companies for alleged "gouging" because pump prices have lagged a sharp drop in crude.

Gold retreats from the $4,000 mark while silver slips under $60, as traders weigh multiple headwinds and whether the long bull run still has steam left.

Oil prices retreat to levels seen before the Iran conflict, easing regional concerns and helping Indian shares extend gains amid softer energy costs

Market moves show U.S. crude retreating to levels seen before the late-February tension, supported by calmer Hormuz transit and a drop in U.S. inventories

Gold miners retreat as bullion weakens on a stronger dollar and a backdrop of U.S. equity softness, with gold hovering near a key psychological level as the dollar climbs on euro weakness.

Reports say the president urged the DOJ to investigate whether oil companies are withholding price cuts at the pump despite falling crude costs

Oil prices slip further as market players anticipate smoother crude flows via the Strait of Hormuz, with broader implications visible in related equity and commodity markets.

The United States plans conditional loans totaling around $17.5 billion to support the construction of five projects hosting ten large nuclear reactors, as part of a push to accelerate deployment of new nuclear capacity.

Vedanta's CopperTech Metals is targeting roughly a $3.6 billion valuation in a planned NYSE IPO under the ticker CUX to fund a $2.7 billion expansion of its Zambian copper operations, though auditors have flagged going-concern doubts about its flagship Konkola mine.

Gold fell about 1.5% toward $4,120 an ounce as Deutsche Bank cut its forecasts by up to 22% — to $4,300 for Q3 and $4,800 for year-end — citing a hawkish Fed repricing, a firm dollar and gold-ETF outflows, while noting central-bank buying still offers support.

The Treasury Department issued a temporary license allowing Iran to sell oil for a limited period, with the move coming amid ongoing discussions on a final peace accord.

An explosion and fire at the Barzan gas facility in Qatar's Ras Laffan complex late Sunday injured 54 people and left 18 missing, blamed on a technical malfunction during a restart — a fresh blow to the world's largest LNG hub as it recovers from wartime damage.

Iran's crude flows via the Strait of Hormuz reportedly rise to their highest level since before the conflict, while threats of renewed strikes and renewed restrictions on Hormuz weigh on oil markets and stock futures.

Oil prices edged lower after reports that the United States and Iran agreed on a 60-day roadmap toward a final deal, with the talks conducted under a memorandum of understanding and linked to broader regional ceasefire arrangements

Oil declines amid diplomatic developments as the U.S. and Iran outline a framework to end conflict, while the USD/JPY moves above 161 following the FOMC announcement.

Oil prices edged higher as a threat of renewed U.S. action against Iran coincided with ongoing US-Iran peace talks, with Brent benchmark gaining after a choppy start to negotiations.

An original analysis: the metals complex has split, with copper at record highs while gold and silver slide. The wedge is real interest rates and the source of demand — a hawkish Fed and fading war premium punish non-yielding monetary metals, while a supply deficit and AI-driven demand keep industrial copper bid.

Copper is trading near record highs around $13,500-$13,700 a tonne on the LME as a looming end-of-June US tariff review spurs stockpiling, mine disruptions deepen a global supply deficit and AI and electrification demand stays strong — though a hawkish Fed clouds the longer-term demand outlook.

OPEC Secretary General Haitham al-Ghais has dismissed the IEA's forecast of a major oil glut next year — which sees supply rising 8 million bpd versus 2 million for demand if the US-Iran war fully resolves — arguing OPEC sees no peak in demand and questioning the agency's assumptions as Hormuz reopens.

Shipping through the Strait of Hormuz is rebounding sharply as the US-Iran deal is implemented, with tracking data showing a jump in transits, the blockade lifted and threat levels downgraded — but Iran's toll-free passage runs only 60 days, leaving the strait's long-term governance unresolved.

Silver fell below $65 an ounce on Friday, down about 5% on the week and roughly 20% from its post-Fed high, as the central bank's hawkish hold lifted the dollar and yields and the US-Iran peace deal drained safe-haven demand — a sharp reversal for a metal that hit a record above $121 in January.