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The latest commodities coverage from the TrustFinance editorial desk.
Iran's foreign minister called the threat of new U.S. sanctions a sign of desperation that is doomed to fail. The announcement comes as Tehran's blockade of the Strait of Hormuz continues to disrupt global oil shipments and elevate energy prices.
Pakistan's top military leader, General Asim Munir, is scheduled to visit Tehran on Monday for discussions aimed at strengthening regional peace and security, according to Iran's foreign ministry.
Tehran has condemned Washington's plan to unveil new economic penalties on Monday, as the six-month conflict has choked oil shipments through the critical Strait of Hormuz to less than half their pre-war levels.
Russian President Vladimir Putin warned of strikes against Ukraine's key economic infrastructure, saying Kyiv had opened a 'Pandora's box' with its drone attacks on Russian targets.
Iran has granted special permission for a number of Iraqi oil tankers to pass through the vital Strait of Hormuz, a move confirmed by officials from both nations amid ongoing disruptions in the key maritime chokepoint.
The Vatican is reportedly set to build a €100 million agrivoltaic plant with an 80-90 megawatt capacity, aiming to make the city-state fully energy self-sufficient within two years, according to sources familiar with the matter.
U.S. President Donald Trump stated that Tehran is not prepared to make an acceptable deal, as Washington readies what it calls the 'toughest financial penalties in history' amid ongoing conflict and energy supply disruptions in the Strait of Hormuz.
The profitability of producing diesel in Europe increased on Friday, with the key premium over Brent crude widening as refiners are incentivized to boost output.
Wheat futures on the Euronext exchange declined Friday as traders capitalized on recent gains, pulling prices back from a one-month peak. Market focus remains on the ongoing disruptions to Black Sea grain shipments.
