Section
The latest commodities coverage from the TrustFinance editorial desk.
European Union ambassadors have reached a political agreement on a new sanctions package against Russia, which includes a 12-month freeze on the Russian oil price cap and an exemption for LNG transfers, according to EU diplomats.
Yemen's Houthi group claimed responsibility for attacking two Saudi oil tankers, escalating maritime risks in the Red Sea and threatening a critical alternative route for crude exports amid heightened tensions in the Strait of Hormuz.
Iran-aligned Houthi militants in Yemen have claimed responsibility for attacking two Saudi oil tankers, escalating maritime risks and threatening to create a second major chokepoint for global oil supplies alongside the Strait of Hormuz.
The U.S. military has completed its twelfth consecutive night of attacks on Iranian targets, as both nations exchange threats involving critical infrastructure, further elevating geopolitical risk and pressuring global energy prices.
Gold prices remained steady as safe-haven demand, driven by escalating conflict in the Middle East, counteracted concerns that rising inflation could prompt the Federal Reserve to maintain higher interest rates.
Crude oil prices rose for a fifth consecutive session after Iran-aligned Houthi militants claimed to have attacked two Saudi tankers, fueling investor concerns over potential supply disruptions in a key global shipping lane.
Brent crude topped $96 a barrel after the U.S. launched new strikes on Iran and Houthi militants targeted oil tankers in the Red Sea, raising fears of significant disruptions to global energy shipments.
The United States and Saudi Arabia have finalized a civil nuclear cooperation agreement that will permit the kingdom to enrich uranium using American technology, a move now facing congressional review and sparking nonproliferation concerns.
The Trump administration is exploring the feasibility of deploying nuclear reactors in U.S. federal waters, with two regulatory bodies signing an agreement to coordinate oversight for future projects.
