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The latest commodities coverage from the TrustFinance editorial desk.
A 43-year-old U.S. Army veteran was taken into custody after allegedly setting a fire and igniting fireworks outside 26 Federal Plaza, the Lower Manhattan building that houses offices for ICE and the FBI.
The number of commodity ships transiting the critical Strait of Hormuz has fallen as ongoing military actions by the U.S. and Iran, along with widening threats in the Red Sea, elevate security risks for global shipping.
Gold prices climbed past the key $4,100 level, buoyed by safe-haven buying amid escalating geopolitical risks in the Middle East. Investors are weighing the inflationary impact of rising energy prices against the Federal Reserve's upcoming policy decision.
Crude oil futures rose for a fourth consecutive session, with prices reaching their highest levels since mid-June amid escalating U.S.-Iran military clashes and threats of a naval blockade against Saudi shipping.
Crude oil prices edged higher in early trading, with Brent topping $91 a barrel, following reports of a new round of U.S. military strikes against Iranian targets, escalating concerns over potential energy supply disruptions in the region.
The Pentagon has reported that the U.S. military conflict in Iran has cost $37.5 billion to date, with the Defense Secretary warning lawmakers that more funding is urgently needed as the conflict escalates.
A coalition of states and cities has filed a legal challenge against a new Environmental Protection Agency rule that extends the deadline for phasing out hydrofluorocarbons, potent greenhouse gases used in commercial refrigeration.
ICE canola futures closed lower on Tuesday as traders and farmers capitalized on recent contract highs to lock in profits, with the November contract falling C$7 per metric ton.
Iraq's oil minister revealed that agreements signed with U.S. companies are valued at an estimated $200 billion, aimed at significantly boosting the nation's oil production and gas investment.
