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The latest commodities coverage from the TrustFinance editorial desk.
Iran and Oman have reportedly come to an agreement on their respective shares of the strategically vital Strait of Hormuz and its revenues, according to a spokesperson for Iran's Revolutionary Guards.
The 2026 French soft wheat harvest is showing strong quality metrics, with protein content, test weights, and Hagberg numbers all surpassing five-year averages, according to new data from farm office FranceAgriMer.
September exports of CPC Blend crude are set to hold at 1.5 million barrels per day, slightly below August levels due to oilfield maintenance. The plan comes as security risks in the Black Sea continue to elevate shipping costs and alter tanker preferences in the region.
A decline in global oil prices is providing some relief to markets, as investors brace for a crucial U.S. inflation report and highly anticipated quarterly results from AI chipmaker Nvidia.
Benchmark European natural gas futures dropped sharply, retreating from five-month highs, as diplomatic progress in the Middle East eased concerns over potential LNG supply disruptions through the Strait of Hormuz.
London's benchmark index held steady as a decline in crude oil prices, driven by easing supply fears, weighed on Shell and BP, offsetting a rally in mining stocks.
UK energy prices for households on default tariffs will increase by 4% from October 1, driven by higher wholesale gas costs, according to a regulatory announcement. The new price cap will remain in effect through the end of 2026.
Gold prices pulled back slightly after a four-day rally but held near a three-month peak, as a decline in U.S. Treasury yields and crude oil prices tempered inflation concerns.
Crude oil benchmarks declined after Iran announced it had restarted talks with Oman to potentially establish a navigational corridor through the vital Strait of Hormuz, easing some supply concerns.
