Section
The latest commodities coverage from the TrustFinance editorial desk.
Ukrainian drone units have opened a new maritime front, targeting over 180 Russian vessels and sea-borne targets near Crimea in the past three weeks to disrupt Moscow's military logistics.
Oil prices surged after Houthi fighters attacked two Saudi tankers, prompting U.S. President Trump to threaten 'major military punishment' against Iran and raising fears of a new supply disruption at a critical maritime chokepoint.
Gold prices are on track to end a two-week losing streak, as safe-haven demand driven by rising Middle East tensions provides support against headwinds from a strong U.S. dollar and hawkish Federal Reserve expectations.
The U.S. military completed its 13th consecutive night of attacks on Iranian targets, according to CENTCOM, as an expanding conflict threatens key maritime chokepoints and pushes Brent crude oil prices above $100 a barrel.
Crude prices are on track for a third consecutive week of sharp gains, driven by escalating supply fears after Iran-backed Houthi rebels attacked Saudi tankers in the strategic Bab al-Mandab Strait.
Crude oil benchmarks are on track for double-digit weekly gains after Houthi attacks on tankers in the Red Sea and a major production cut in Kazakhstan tightened the outlook for global supply.
U.S. and Mexican trade officials will meet in September for a fourth round of USMCA renewal talks, but remain deeply divided over U.S. demands for specific American content in vehicles and existing Section 232 tariffs.
Geopolitical disruptions in the Strait of Hormuz and Bab el-Mandeb are forcing Saudi oil shipments to Asia to take a longer route around Africa, adding nearly a month and over $2.5 million in costs per tanker.
Oil companies including Chevron, Repsol, and Eni are in a final push to renegotiate contracts under a new legal framework as Venezuela's oil ministry maintains a July 28 deadline, with royalty rates emerging as a key point of contention.
