Section
The latest commodities coverage from the TrustFinance editorial desk.
The yield on the 30-year U.S. Treasury bond approached a two-decade high on Tuesday, as rising oil prices and a weakening Japanese yen fueled investor concerns about persistent inflation ahead of a key economic report.
European natural gas futures extended a sharp rally, with the benchmark Dutch contract rising past €61 per megawatt-hour amid a diplomatic deadlock that threatens LNG shipments through the Strait of Hormuz.
Decades of agricultural advancements, near-record grain inventories, and the rise of new export powerhouses have strengthened the global food system's ability to withstand the impacts of a strengthening El Nino weather event.
Vessel traffic through the critical Strait of Hormuz fell to just six ships on Monday, a sharp decline from its recent average, as geopolitical tensions between the U.S. and Iran escalate.
Gold prices climbed to their highest level in over two months, defying pressure from a stronger dollar as robust central bank buying from China and speculative momentum fuel the rally.
Crude oil prices stabilized after a sharp rally, as renewed U.S. demands on Iran and regional supply disruptions tempered optimism for a swift resolution to geopolitical tensions.
Oil benchmarks steadied after surging over 5% on Monday, as new demands from both the U.S. and Iran dimmed prospects for a swift reopening of the critical Strait of Hormuz waterway.
The U.S. government has sold two sanctioned oil tankers, seized earlier this year for ties to Venezuelan and Russian illicit oil trade, to a recycling firm for demolition. The sale marks a definitive step in removing the vessels from the global fleet involved in sanctions evasion.
Crude oil prices advanced on Monday amid fading expectations for a swift reopening of the vital Strait of Hormuz waterway. The gains came even as a survey showed OPEC production rose in July, highlighting the market's focus on geopolitical risk.
