Section
The latest commodities coverage from the TrustFinance editorial desk.
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.
Moscow's mayor reported that air defenses downed most of 340 Ukrainian drones sent toward the capital region in a 24-hour period. The report comes amid an escalation of cross-border attacks, with Ukraine increasingly targeting Russian energy infrastructure.
A bipartisan group of U.S. senators has introduced a revised Russia sanctions bill that significantly lowers potential tariffs on major buyers of Russian energy, reducing the risk of severe disruptions to global markets.
ICE canola futures declined on Tuesday as a forecast for cooler temperatures across Western Canada relieved concerns about heat stress on the developing crop, particularly during its critical flowering stage.
The U.S. military conducted a third night of strikes against Iran as two oil tankers were reportedly hit in the Strait of Hormuz, sending oil prices soaring over 9% amid a sharp escalation in regional conflict.
EU wheat futures gained on Tuesday amid heightened concerns over potential disruptions to Russian grain shipments following Ukrainian drone attacks in the strategically important Azov Sea.
