Crude oil futures rose after former U.S. President Donald Trump rejected a report suggesting he would ease sanctions on Iran, offsetting signs of recovering supply from the Middle East. The denial tightens the global supply outlook, pushing Brent crude above $103 per barrel.
President Donald Trump said he expects Iran to eventually surrender in the ongoing conflict, citing the severe economic pressure from a U.S. blockade that has roiled energy markets.
California will now require state regulators to track the use of PFAS, or 'forever chemicals,' in agricultural pesticides, a move that could signal future restrictions in the nation's largest food-producing state.
Chicago corn futures closed slightly lower as the market awaits a crucial USDA report on grain stockpiles, with analysts expecting a significant year-over-year increase in supply.
Shell PLC and its joint venture partners have sanctioned a C$33 billion expansion of the LNG Canada facility in British Columbia, a move that will double its export capacity to 28 million tonnes per annum.
The White House has reportedly asked the European Union to release diesel from its emergency stockpiles in an effort to curb rising global fuel prices ahead of the November U.S. midterm elections.
El Niño-driven rains are forcing Brazilian mills to prioritize ethanol production, overriding a significant price incentive to make more sugar and leading analysts to cut output forecasts.
Wells Fargo Investment Institute has lowered its year-end 2027 gold price forecast, citing pressures from rising interest rates and a stronger U.S. dollar, though it maintains a long-term bullish outlook for the precious metal.
A Russian presidential envoy met with U.S. officials in Washington to hold 'constructive' talks on ending the war in Ukraine, according to a U.S. official. The discussions also included the possibility of joint U.S.-Russia energy initiatives after the conflict.
