Section
The latest commodities coverage from the TrustFinance editorial desk.
Yemen's Houthi movement has fired missiles at Saudi Arabia, shattering a four-year truce and elevating geopolitical risk for the critical Bab el-Mandeb maritime chokepoint.
Iran's Revolutionary Guard has threatened to shut down additional key shipping corridors, potentially including the Bab el-Mandeb strait, in response to a renewed U.S. naval blockade and military strikes, sending oil prices to one-month highs.
A boom in electric taxis and ride-hailing services in China is unexpectedly curbing the country's oil demand, as an influx of drivers and low running costs push fares lower despite rising gasoline prices.
A flurry of ships linked to Iranian trade transited the Strait of Hormuz on Tuesday, according to shipping data, just before a new U.S. naval blockade was set to take effect amid escalating regional tensions.
Taiwan has initiated its first shipments of premium mangoes to Europe, targeting markets in France and the UK. The move represents a strategic diversification for Taiwanese agriculture as it navigates import bans from China.
Crude benchmarks Brent and WTI surged after the U.S. and Iran exchanged military strikes, with Tehran closing the critical Strait of Hormuz, stoking fears of a major global supply disruption.
Crude benchmarks climbed for a third consecutive session after the U.S. threatened further military action against Iran and resumed a naval blockade, heightening fears of supply disruptions in the Middle East.
Renewed hostilities between the U.S. and Iran are disrupting a critical global oil shipping route, pushing the national average gasoline price toward the key $4 per gallon threshold.
The U.S. House of Representatives has voted to end the biannual changing of clocks, sending legislation to the Senate that would establish permanent daylight saving time across the country.
