Oil chokepoints beyond Hormuz absorb rerouted crude as Red Sea blockade bites
Oil displaced from a shuttered Strait of Hormuz is piling pressure on five other chokepoints. Bab el-Mandeb traffic has roughly…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Gold rebounds in August as weaker U.S. data and a softer dollar shift the outlook
Gold is climbing again in August after giving back some of its earlier gains, with weaker U.S. economic data and…
Iran opens Hormuz to Iraqi oil tankers as Trump claims “total control” of the strait
Iran has granted passage through the Strait of Hormuz to a number of Iraqi oil tankers after repeated requests from…
Trump suggests Iran could face more bombing amid US sanctions crackdown
President Donald Trump said Iran could face renewed U.S. bombing as Washington tightens sanctions on the country. The remarks follow…
Ukraine strikes Russian oil refinery in overnight attack
Ukraine reportedly struck the Novokuibyshevsk oil refinery in Russia's Samara region overnight, part of its continuing campaign against Russian energy…
