Section
Commodities
India gas power squeeze deepens as demand hits 270.8 GW
India's gas-fired output has dropped to a six-year low as record summer demand collides with Iran-war LNG disruption, pushing utilities back toward coal.
Renminbi oil trade 2026: Iran war reroutes Hormuz flows
Renminbi oil trade is getting a live stress test as the Iran war reroutes crude flows, lifts CIPS volumes and exposes the yuan's limits.
Ghana gold purchases rise to 30% of mine output in June
Ghana gold purchases will rise to 30% of large mines' output as the central bank builds reserves and pushes more doré into local refining.
Guinea set to unveil bauxite export curbs in June
Guinea is set to announce bauxite export curbs in June, raising the prospect of tighter ore supply after a 2025 glut sent prices lower.
Oil market 'tank bottoms' in Asia signal Europe is next
Oil market shortages are spreading from Asia to Europe as inventories thin and jet-fuel users feel the squeeze before futures do.
China’s coal backstop is starting to look fragile
China coal blast fallout is testing Xi's energy-security push as Shanxi inspections, supply risk and wartime fuel stress collide.
IEA warns oil market could enter 'red zone' without Hormuz reopening
The IEA's warning points to a midsummer risk: reserve releases can cushion the first Hormuz shock, but not an extended squeeze into peak demand.
LNG tanker exits Hormuz for India in first post-war cargo
An LNG tanker carrying a cargo for India cleared the Strait of Hormuz, the first such Gulf shipment since the Iran war began, offering an early test of whether energy traffic is resuming.
Naphtha shortage hits Asia factories as Hormuz shock spreads
Naphtha shortage is hitting factories in Japan and South Korea, turning the Hormuz blockade from an oil shock into a broader inflation risk.
Iran deal could reopen Hormuz and ease oil pressure
Trump's claim that an Iran deal would reopen the Strait of Hormuz gives oil traders a clearer test of whether sanctions relief and tanker access can pull the war premium out of crude.
U.S.-Iran ceasefire extension nears as Hormuz may reopen
U.S.-Iran ceasefire extension talks point to a 60-day deal and phased Hormuz reopening, giving oil and tanker markets a new de-escalation signal.
China sulfuric acid ban hits copper and fertilizer
China sulfuric acid ban is tightening supply for copper leaching and fertilizer makers, raising costs as traders lose a major marginal exporter.
India raises gold import duty to 15% to support rupee
India's gold import duty jumped to 15% as New Delhi moved to curb bullion inflows, defend foreign-exchange reserves and steady the rupee.
Indonesia commodity exports: Jakarta targets trader margins
Indonesia commodity exports are at the centre of a state push to capture trader margins, tighten FX control and test how far resource nationalism can run.
US fuel prices may stay high after any Iran ceasefire
US fuel prices may stay high after any Iran ceasefire, with gasoline near $4.55 a gallon as inventories, refining and travel demand stay tight.
Gold's 2026 rally now carries a measurable war premium
Gold's geopolitical risk premium is lifting 2026 prices even as oil-driven rate fears cap rallies, leaving central-bank buying to set the floor.
US oil rig count jumps most in four years as war lifts crude
US oil drillers added 10 rigs to 425, the biggest weekly increase since 2022, as $107 crude prices began to pull shale activity higher.
Europe oil windfall tax fight grows as Iran profits swell
Europe oil windfall tax plans are widening as BP, Shell and TotalEnergies try to defend Iran-war trading gains, buybacks and fuel margins.
Hormuz tolls keep oil risk alive as U.S.-Iran talks advance
Qatar-backed diplomacy reduced the odds of renewed fighting, but unresolved Hormuz tolls and uranium terms kept oil and shipping risk alive.
Oil stockpiles draw down at record 8.7M barrels a day: Goldman Sachs
Oil stockpiles are drawing down at a record 8.7 million barrels a day, Goldman Sachs said, as the Iran war keeps Strait of Hormuz flows at 5% of normal.
Hormuz Blockade and El Niño Converge Into a Commodity Super-Inflation Storm, Citi Warns
Citi Research issued its most severe commodity inflation warning to date, arguing the simultaneous Hormuz blockade and emerging super El Niño could push Brent crude past $150 a barrel while squeezing global food supplies through fertilizer disruption and drought in the same growing season.
China palladium imports hit record as Guangzhou futures draw inflows
China imported a record 8.6 tons of palladium in April after Guangzhou futures rose above global benchmarks and drew metal into the country.
Hong Kong gold clearing system targets July launch
Hong Kong gold clearing system is set for a July launch, giving the city a government-backed route to capture more Asian bullion settlement and storage flows.
Power of Siberia 2 gains urgency as Iran war hits Asia gas
Power of Siberia 2 is back in focus as the Iran war squeezes Asian LNG routes, giving Putin urgency but leaving Xi with price leverage.
Iran war LNG shock: Woodside says markets underprice risk
Iran war LNG shock is still rippling through supply routes and prices, Woodside said, warning markets are underestimating how long the disruption will last.
