Section
The latest commodities coverage from the TrustFinance editorial desk.
European benchmark natural gas prices surged to their highest level in nearly four months amid rising military tensions between the U.S. and Iran, which threaten to disrupt critical LNG shipments through the Strait of Hormuz.
China, the world's largest oil importer, has seen its daily crude imports fall by over 3 million barrels since the start of the Iran war, raising critical questions for global energy markets about the permanence of this demand destruction.
The precious metal is on track for a weekly decline of over 3% as rising oil prices, driven by U.S.-Iran hostilities, fuel concerns that the Federal Reserve will maintain a restrictive monetary policy.
Crude futures gained over 1% as escalating military strikes between the U.S. and Iran, coupled with threats to close the Red Sea, stoked fears of significant supply disruptions through critical maritime chokepoints.
Crude oil benchmarks are on track for their sharpest weekly increase in months, driven by escalating military strikes between the U.S. and Iran that have heightened concerns over potential supply disruptions from the critical Strait of Hormuz.
Profitability for U.S. oil refiners has reached a new peak, driven by critically low fuel inventories and geopolitical tensions. The key 3-2-1 crack spread benchmark surpassed $69 per barrel as concerns mount over potential shortages of both diesel and gasoline.
The U.S. government announced a new 25% tariff on thousands of Brazilian products, effective July 22, citing unfair trade practices related to ethanol market access. Brazilian sugar and ethanol industry groups have strongly condemned the move.
A new study by S&P Global Energy projects that U.S. liquefied natural gas exports will contribute nearly $1.4 trillion to the nation's GDP through 2040, positioning it as the second-largest net export industry within five years.
A bipartisan group of representatives has called on federal agencies to halt imports of partially finished solar components, alleging they are being used to circumvent U.S. tariffs and fraudulently claim manufacturing tax credits.
