Section
The latest commodities coverage from the TrustFinance editorial desk.
The Trump administration has formally submitted a civil nuclear energy agreement with Saudi Arabia to Congress, but has conditioned its final approval on the kingdom normalizing diplomatic relations with Israel.
U.S. oil prices extended their decline after Iran announced it had resumed talks with Oman to manage the critical Strait of Hormuz waterway, easing market fears of potential supply disruptions.
Iran and Oman have restarted talks to establish a temporary, mine-free shipping corridor through the Strait of Hormuz, a critical chokepoint for global energy supplies. The move comes amid persistent geopolitical tensions and disruptions to maritime traffic in the region.
IMF Managing Director Kristalina Georgieva stated the global economy has handled the recent energy shock better than expected, but highlighted growing concerns over fiscal pressures, rising bond yields, and stubborn inflation.
The new exchange-traded contract is designed to provide a more precise risk management tool for the U.S. zinc market, which is increasingly influenced by domestic policy and supply chain shifts.
The physical price for U.S. WTI Midland crude softened on Tuesday after Chevron lowered its offer for a September cargo delivered to Europe, signaling potential shifts in regional demand.
Oilfield services giant SLB has secured a contract with Venezuela's state-run PDVSA to digitize and upgrade the nation's vast but outdated oil data, a critical step for a country whose official statistics have been opaque for years.
The benchmark Euronext contract declined as traders reacted to comments from Ukraine's president and reports of a high-level U.S. visit to Moscow, raising hopes for eased grain export disruptions.
Copper prices are approaching record levels as traders stockpile the metal in the U.S. ahead of a potential import tariff, draining inventories elsewhere and turning a projected global surplus into a regional shortage.
