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The latest commodities coverage from the TrustFinance editorial desk.
European natural gas benchmarks are on track for their sharpest weekly rally since July, driven by a diplomatic impasse over the Strait of Hormuz that is disrupting LNG shipments and stoking fears over winter supplies.
Riyadh is forming new regional alliances to deter escalating attacks from Iran and its proxies, which pose a direct threat to the kingdom's critical oil infrastructure and long-term economic plans.
Crude oil prices edged higher as the United States threatened an indefinite naval blockade of Iran, raising supply fears that offset recent forecasts for weaker global demand.
Gold retreated from a recent peak as traders took profits and monitored diplomatic efforts in the Middle East, weighing these factors against soft U.S. inflation data that has tempered Federal Reserve rate hike expectations.
A new White House report estimates that the U.S. is losing between $19 billion and $26 billion in annual tariff revenue due to goods, largely from China, being illegally transshipped through third countries to avoid import duties.
Crude oil is poised for its first weekly gain in three weeks, as a geopolitical risk premium from U.S.-Iran tensions outweighs downward pressure from revised demand forecasts and a rise in U.S. inventories.
Exports of Chinese-made electric heavy trucks have surged as soaring diesel prices in other Asian nations, driven by regional conflict, accelerate the shift away from traditional fuel sources.
Crude oil futures rose to their highest levels in nearly two weeks, driven by persistent concerns over long-term supply disruptions as a U.S.-Iran stalemate keeps the Strait of Hormuz closed and regional tensions escalate.
Canola prices fell on Tuesday, erasing most of the prior session's gains as a drop in Chicago soyoil futures and beneficial crop weather in Canada weighed on the market.
