Section
The latest commodities coverage from the TrustFinance editorial desk.
Wheat prices surged after reports of Russian attacks on Ukrainian port infrastructure in the Odesa region, escalating concerns over global grain supplies from the critical Black Sea export hub.
Oil futures rose sharply after a series of military exchanges between the U.S. and Iran heightened concerns over potential disruptions to crude shipments through the critical Strait of Hormuz waterway.
European natural gas benchmarks surged to multi-month highs as escalating military conflict between the U.S. and Iran stoked fears of a severe disruption to liquefied natural gas (LNG) shipments through the Strait of Hormuz.
Spot gold fell to its lowest level since August 10 as a global government bond sell-off, fueled by hawkish Federal Reserve commentary, pushed real yields higher and increased the opportunity cost of holding the non-yielding metal.
Gold prices fell to their lowest level in over three weeks, pressured by a strengthening U.S. dollar and rising Treasury yields amid growing expectations for further Federal Reserve interest rate hikes.
Iraqi oil exports recovered sharply in August from a multi-month low, buoyed by significant price discounts and Iran's permission for tankers to transit the Strait of Hormuz, easing supply concerns for key Asian importers.
European and UK natural gas benchmarks surged to their highest levels since 2023, driven by escalating military conflict in the Persian Gulf that threatens to disrupt critical LNG shipments through the Strait of Hormuz.
Wheat futures are expected to open lower, pulling back from their highest levels since early 2023 as traders assess ongoing supply disruptions and diplomatic developments in the Black Sea region.
Commercial vessels, including oil tankers and cargo ships, are deploying makeshift defenses like nets and water tanks as they navigate the Black Sea, responding to a sharp increase in drone attacks by both Russia and Ukraine.
