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The latest commodities coverage from the TrustFinance editorial desk.
Chinese President Xi Jinping has announced new initiatives focused on artificial intelligence and trade to strengthen economic ties within the expanded 'Greater BRICS' group, aiming to increase the bloc's influence on the global stage.
Russia's state nuclear chief claimed Ukrainian forces attacked diesel fuel trucks near the Zaporizhzhia plant, killing two servicemen and jeopardizing critical safety systems.
A new report of a vessel being struck by a projectile in the Strait of Hormuz has intensified concerns over global energy security, coming just a day after Saudi Arabia shut a key pipeline carrying up to 5% of the world's oil supply.
Intensified Russian attacks have caused nearly $10 billion in infrastructure damage to Ukraine this year, creating a severe budget shortfall and jeopardizing $40 billion in export revenue ahead of a difficult winter, according to Ukrainian officials.
U.S. President Donald Trump stated he believes Iran was likely responsible for a recent aerial attack on Saudi Arabia's key East-West oil pipeline, escalating geopolitical risk in the Middle East.
The BRICS group of emerging economies has agreed on a joint declaration, according to sources, overcoming internal divisions between Iran and the UAE ahead of a leaders' summit in New Delhi. The move signals the bloc's push for greater unity and influence on the global stage.
The world's largest oil exporter has temporarily closed a major pipeline capable of moving up to 5% of global supply after an aerial attack, intensifying regional tensions and pressure on energy markets.
Physical crude oil prices in the U.S. Gulf Coast softened on Friday, pressured by an increase in U.S. drilling activity and diplomatic progress aimed at securing shipping through the Strait of Hormuz.
Argentine farmers sold over 1 million metric tons of soybeans in a single week, capitalizing on higher prices driven by strong Chinese demand and concerns over U.S. supply, according to the Rosario grains exchange.
