Section
The latest commodities coverage from the TrustFinance editorial desk.
A U.S.-backed proposal to end the Gaza war faces significant hurdles, as Israel and Hamas remain deadlocked over the critical first steps of disarmament and military withdrawal, a dispute that has scuttled previous peace efforts.
Mauricio Claver-Carone, a highly influential but unofficial adviser shaping U.S. policy and multi-billion dollar business deals in Venezuela, has departed his role, Reuters reported.
A senior Hamas official has stated that the implementation of a new Gaza peace deal, announced by former U.S. President Donald Trump, is contingent on Israel first meeting its commitments from a previous agreement, casting immediate doubt on the plan's viability.
Russia's main grain lobby stated that ongoing Ukrainian drone attacks on its ships and ports could lead to a complete blockage of Black Sea exports, potentially removing up to 15% of the global wheat supply from the market.
BCA Research advises clients that gold's recent 26% selloff is losing momentum, citing easing pressure from real interest rates and a potential shift in the U.S. dollar's trend as reasons to go long.
The spot premium for Dubai crude oil rose on Friday amid a pickup in trading activity, even as premiums for other regional benchmarks like Oman and Murban declined.
The U.S. Federal Reserve's decision to hold interest rates steady was overshadowed by confusing communication from its new chair, triggering a sharp sell-off in long-term government bonds and sending the 30-year Treasury yield to its highest level since 2007.
European natural gas prices posted their first monthly gain in four months, surging over 30% in July due to escalating military conflict in the Middle East and concerns over slowing storage injections ahead of winter.
Crude oil prices declined on Friday as indications of improved tanker traffic through key maritime chokepoints tempered supply fears, though benchmarks remained on track for a substantial monthly gain amid persistent geopolitical risk.
