Section
The latest commodities coverage from the TrustFinance editorial desk.
Escalating U.S.-Iran conflict has driven Brent crude above $100 per barrel, fueling inflation concerns and sending the U.S. 10-year Treasury yield to its highest level since 2023 ahead of a critical U.S. inflation report.
Iran-aligned Houthi forces have reportedly reached the strategic Perim Island in the Bab el-Mandeb Strait, a critical maritime chokepoint, significantly increasing risks for global energy markets and supply chains.
European natural gas benchmarks recorded a fifth consecutive weekly gain, driven by escalating military conflict in the Middle East that threatens global LNG supplies, even as prices eased on Friday due to profit-taking.
Oil prices surged to four-month highs, with Brent crude approaching $110 per barrel, as escalating military attacks on shipping in the Middle East stoked fears of significant supply disruptions.
Oil benchmarks are on track to close the week above $100 a barrel for the first time since mid-May, driven by escalating attacks on key Middle East shipping routes that are stoking fears of prolonged supply disruptions.
Gold prices held steady following a nearly 2% decline, as a stronger-than-expected U.S. producer price report and surging oil costs intensified expectations for a Federal Reserve interest rate hike.
The U.S. House of Representatives is scheduled to vote next week on the bipartisan Ratepayer Protection Act, which aims to shield consumers from rising electricity bills driven by the increasing power demands of data centers.
The U.S. Department of Agriculture has confirmed the first case of New World screwworm in a horse in Presidio County, Texas, prompting a state-level quarantine and raising alarms over potential economic damage to the livestock industry.
ICE canola futures closed higher on Thursday, drawing strength from a sharp increase in crude oil prices and significant gains in the Chicago soy complex. Slow harvest progress in Western Canada provided additional underlying support for prices.
