Commodities

Financial Times
Oil price expected to surge after US strikes Iran
Extent of increase likely to depend on whether Tehran retaliates with attacks on oil infrastructure or shipping in Strait of Hormuz
CNBC
U.S. calls on China to prevent Iran from closing Strait of Hormuz and disrupting global oil flows
Iran's foreign minister warned earlier Sunday that the Islamic Republic "reserves all options to defend its sovereignty" after U.S. airstrikes.
MarketWatch
All eyes on oil as investors brace for volatile markets after U.S. bombs Iran
Investors expect U.S. stock-index futures -- and global equities -- to see volatile trade as Asia-Pacific markets kick off the week following President Donald Trump's decision Saturday to hit Iran's ...
MarketWatch
Oil trader says markets will be watching these 2 things as Iran contemplates retaliation
Iran’s ability to choke off the Strait of Hormuz, the crucial waterway connecting the Persian Gulf with the Gulf of Oman and the Arabian Sea, is a key question for investors. But it isn’t the only ...
Financial Times
Oil price jumps after US strikes Iran
International benchmark Brent rises to $80 as geopolitical risks mount
CNBC
Oil prices jump 4% after U.S. strikes on Iran raise fears of supply disruption
Oil futures jumped 4% at the start of the first trading session since the U.S. launched direct attacks against Iran, casting further shadow over the supply outlook in the embattled oil-rich Middle ...
Wall Street Journal
Brent Crude-Oil Futures Rise as Markets Watch Strait of Hormuz
Brent crude jumped early in Asia, reflecting a market on edge about Iran’s threat to disrupt shipping through the Strait of Hormuz.
CNBC
Oil prices jump more than 2% after U.S. strikes on Iran raise fears of supply disruption
Oil futures jumped more than 2% at the start of the first trading session since the U.S. launched direct attacks against Iran, casting further shadow over the supply outlook in the embattled oil-rich ...
Reuters
Oil hits five-month high after US hits key Iranian nuclear sites
Oil prices jumped on Monday to their highest since January as Washington's weekend move to join Israel in attacking Iran's nuclear facilities stoked supply worries. Brent crude futures rose $1.88 or 2 ...
Wall Street Journal
Supply Disruptions Would Drive Oil Above $90 a Barrel
Crude oil prices would likely rise to roughly $90-$95/barrel if retaliation by Iran disrupts flows of oil from the Middle East, said ANZ.
Reuters
Oil hits five-month high after US attacks key Iranian nuclear sites
Oil prices jumped on Monday to their highest since January as the United States' weekend move to join Israel in attacking Iran's nuclear facilities stoked supply worries. Brent crude futures was up $1 ...
Financial Times
Jet fuel prices soar in Europe as war in Middle East threatens supplies
Premiums for diesel has also hit 15-month high, highlighting reliance on refined fuels from the Gulf
Financial Times
Eni CEO Claudio Descalzi: ‘I hate to be politically correct’
Energy boss has broken ranks with rivals as he faces the challenge of diversifying beyond oil and gas
MarketWatch
Investors brace for ‘unpredictable spillovers’ in markets after Trump announces Iran strikes
President Donald Trump announced late Saturday the U.S. had joined Israel’s attack on Iran’s nuclear sites, putting the country in the middle of a Middle Eastern war and setting up a potentially volatile market reaction.
Reuters
Oil to open higher as US strikes on Iran boost supply risk premium
Oil is likely to rise by $3-5 per barrel when trading resumes on Sunday evening after the U.S. attacked Iran at the weekend, market analysts said, with gains expected to accelerate only if Iran ...
Newsweek
What Trump's Strikes on Iran Mean for Gas Prices As Oil Costs Surge
Amid the ongoing conflict, gas prices have already been increasing, with analysts warning of further hikes in the coming months.
Reuters
Iran oil doomsday in Hormuz may be more fear than reality: Bousso
U.S. strikes on several Iranian nuclear sites represent a meaningful escalation of the Middle East conflict that could lead Tehran to disrupt vital exports of oil and gas from the region, sparking a ...
Wall Street Journal
Oil Prices Expected to Rise After U.S. Strikes
Oil futures are set to rise when trading resumes later Sunday, analysts said, with the full impact on energy markets dependent on how Iran responds to the U.S. strikes. Crude prices have jumped since ...
Bloomberg
Trump’s Airstrikes on Iran Leave Oil Market Poised for Surge
The oil market has been wrestling for days with Donald Trump’s next act in an escalating Middle East conflict. Now American jets have struck Iran’s three main nuclear sites, a move that leaves traders preparing for a price surge — but still guessing where the crisis goes from here.
Financial Times
ArcelorMittal ditches plan to convert German factories to green production
Steel producer may also shutter flagship Belgium biofuels plant in a blow to Europe’s bid to decarbonise heavy industry
Wall Street Journal
Stock Market Today: Oil Prices Drop; Dow Rises After Trump Signals He'll Give Iran Negotiations Time
President Trump's trade policies continue to stir markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.
Reuters
Serbia's NIS oil company seeks fourth sanctions waiver from US
Russian-owned Serbian oil company NIS has asked the United States for a fourth waiver from sanctions which could cut its crude supply, it said on Friday.
Financial Times
Investors are shaken, but not yet stirred
Amid global turmoil, markets are focused on the hit to economic fundamentals
Reuters
Oil prices slip as US sanctions ease fears of escalation in Iran
Oil prices slipped on Friday as the U.S. imposed new Iran-related sanctions marking a diplomatic approach that fed hopes of a negotiated agreement, a day after President Donald Trump said he might ...
Wall Street Journal
Stock Market Today: Oil Prices Drop; Dow Wavers After Trump Signals He'll Give Iran Negotiations Time
President Trump's trade policies continue to stir markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.
Reuters
Oil hedging volumes hit new records as US producers rush to lock in soaring prices
Israel's surprise attack on Iran last week had oil prices spiking which sent U.S. producers scrambling to lock in the price gain, driving record hedging volumes that will help shield them from future ...
Bloomberg
Hedge Funds Rush Into Oil Long Bets as Mideast Conflict Grows
Hedge funds boosted their bullish position in Brent crude by the most since early October as Israel’s strikes against Iran’s nuclear program imperiled a region that produces around a third of the ...
Wall Street Journal
What Drove Oil Prices Today and Why Did Futures Diverge?
The spiraling Middle East conflict has sent oil prices into a volatile rally over the last week, amid concerns over potential supply disruptions. Crude futures dropped Friday, however, after comments ...
Reuters
Head of Russia's Rosneft says OPEC+ could speed up oil output hikes by a year
OPEC+ group of leading global oil producers could bring forward its output hikes by around a year from the initial plan, Igor Sechin, head of Russia's largest oil producer Rosneft , said on Saturday.
SCMP
Opec+ may speed oil output hikes amid Israel-Iran fighting: Rosneft head
Opec+ shocked oil markets in April by agreeing to an output hike for May despite weak prices and slowing demand.
Wall Street Journal
Week of Middle East Conflict Pushes Oil Prices Higher
Stock indexes and Treasury yields end the week little changed.
Wall Street Journal
Stock Market Today: Oil Prices Drop Friday After Trump Signals He'll Give Iran Negotiations Time
President Trump's trade policies continue to stir markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.
Financial Times
Strategy boss to leave Trafigura in latest senior departure from commodities trader
Julien Rolland’s exit comes as new chief executive makes his mark
Financial Times
Trafigura’s strategy boss to leave in latest senior departure
Julien Rolland’s exit comes as commodities trader’s new chief executive makes his mark
Financial Times
Trafigura’s projects boss to leave in latest senior departure
Julien Rolland’s exit comes as commodities trader’s new chief executive makes his mark
Financial Times
Trafigura’s strategic projects head to leave in latest senior departure
Julien Rolland’s exit comes as commodities trader’s new chief executive makes his mark
Financial Times
Can the US power grid keep up with the AI data centre boom?
Also in today’s newsletter, an interview with former BP chief executive Bernard Looney on the global AI power crunch
U.S. News & World Report
Iran Adapts to Maintain Oil Exports During Conflict, Trackers Say
LONDON (Reuters) -Iran is maintaining crude oil supply by loading tankers one at a time and moving floating oil storage much closer to China, two vessel tracking firms told Reuters, as the country ...
Financial Times
UK to consider economy and carbon mitigation when assessing oil and gas projects
Fresh guidance sets out how energy groups should describe environmental impact when submitting applications
Reuters
Oil prices jump as Israel-Iran conflict enters seventh day
Oil prices rose on Thursday after Israel and Iran continued to exchange missile attacks overnight and U.S. President Donald Trump's stance on the conflict kept investors on edge.
Reuters
Oil prices up nearly 3% as Israel-Iran conflict escalates, US response remains uncertain
Oil prices jumped almost 3% on Thursday as a week-old air war between Israel and Iran escalated and uncertainty about potential U.S. involvement kept investors on edge.
Financial Times
Canada curbs steel and aluminium imports to protect jobs from US tariffs
Ottawa places 100% levies on non-US shipments of the metals and may soon ‘adjust’ 25% counter-tariffs from its neighbour
Financial Times
Canada to curb steel and aluminium imports to protect jobs
Ottawa places 100% tariffs on non-US shipments of the metals and may soon ‘adjust’ 25% counter-levies from its neighbour
Financial Times
Canada imposes tariffs on steel and aluminium to curb imports
Ottawa places 100% levies on non-US shipments as it looks to protect jobs
Reuters
Oil set to rise for third week on escalating Israel-Iran conflict
Oil prices were on track to rise for the third straight week despite slipping on Friday, with investors on edge as the week-old war between Israel and Iran showed no signs of either side backing down.
Financial Times
China’s bet on Iranian oil and Middle East influence turns sour
President Xi is likely to double down on energy independence drive as Strait of Hormuz risks rise
Financial Times
Record prices fuel surge in Sudan conflict gold smuggling
Much of the precious metal is transported through the UAE and used to finance warring parties
Bloomberg
China’s Record Oil Stockpile Offers Buffer as Iran Crisis Builds
Oil refiners in China — the largest takers of Iranian crude — are unfazed for now about the possibility of interruptions to Middle Eastern supplies given the nation has a record stockpile that ...
Reuters
World markets on oil watch as Middle East tensions flare
Brent crude oil is up around 20% so far in June, and set for its biggest monthly jump since 2020 as Israel/Iran tensions flare-up.