Commodities (Crude Oil & Copper) & Macro Outlook

According to Iraq's border port authority, 70 tanker trucks carrying crude oil entered Syria via the Rabia border crossing on May 2, marking the country's first use of this land route in 13 years. The crossing, located in northwestern Nineveh Province near Iraq's Mosul and Kirkuk oil fields,

According to Iran's parliamentary Civil Commission chairman, all traffic through the Hormuz Strait must obtain Iranian permission under parliament's management plan announced on May 3. Israeli-flagged vessels are prohibited from passage under any circumstances, and nations at war with Iran cannot tr

Bitcoin reclaimed the $79,000 level on May 3 as traders balanced improving crypto market structure against elevated Brent crude prices and geopolitical uncertainty. BTC pushed above $79,000 but faced rejection near the $80,000 resistance zone. Brent crude held around $108.17 per barrel after a volat

川普5月2日表示若伊朗行為不當，美軍仍可能重啟空襲，白宮稱將以伊朗行為為條件啟動該選項。伊朗提出荷姆茲海峽開通、結束封鎖、將核談判留待後續的分階段和平方案；川普稱聽說過概念，仍在等待完整文本。後續觀察重點在於文本公布與美方回應，以及對油市與全球市場風險偏好的影響。

According to sources, OPEC+ agreed in principle on May 2 to increase June crude oil production by 188,000 barrels per day, with the formal decision expected to be announced on May 3 following an OPEC+ member state meeting. This marks the first policy decision since the United Arab Emirates

According to Tanker Trackers, on May 3, an Iranian supertanker operated by National Iranian Oil Company carrying over 1.9 million barrels of crude oil valued at approximately $220 million successfully evaded U.S. Navy tracking. The vessel is currently transiting the Lombok Strait and heading

Gate News message, trader Rune (@RuneKek) has closed his long positions in $CL and $BRENTOIL, along with his short position in $SP500. The total loss from these positions exceeds $735K.

Bitcoin rose nearly 3% over the past 24 hours, maintaining its push toward the $80,000 level. The move coincided with gains in equities and a decline in oil prices, driven by optimism surrounding Iran-related developments.

On May 2, multiple German economists warned that proposed U.S. tariffs on European Union automotive exports could produce significant economic consequences for Germany. The statements came in response to threats by U.S. President Trump to raise tariffs on EU vehicles imported to the United

CFTC grants no-action relief on swap reporting and recordkeeping for Gemini Titan, Olympus, and participants under specific conditions. Move shows ongoing regulatory flexibility as agency addresses compliance gaps through temporary guidance and exemptions. Raagnee Beri named

Ripple Prime has won the Best Prime Broker award at the 2026 Hedge Fund Services Awards Europe, a recognition that market analyst Xaif Crypto argues signals the emergence of XRP's institutional era. The award comes from traditional hedge fund and institutional finance circles rather than the

美联储从释放降息信号转向中性观望，三名地区主席罕见就政策措辞提出异议。能源冲击持续，加息条件首度进入讨论。

According to Reuters, seven OPEC+ member countries reached a tentative agreement on May 2 to increase their oil production quota by approximately 188,000 barrels per day effective in June, according to two sources familiar with the

The United Arab Emirates formally withdrew from the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ mechanism on May 1 (local time), according to reports. The move is viewed as a landmark event in which Middle Eastern oil-producing nations are reassessing security, market

According to Trump's statement on May 2, the U.S. has sold 100 million barrels of Venezuelan oil, which are being transported to Texas for processing. Trump announced plans to double the amount within the next month, stating the oil shipments are already underway to Texas

According to a joint poll by The Washington Post, ABC, and Ipsos released on May 1, 61% of Americans view military action against Iran as a mistake. Additionally, about 23% of U.S. respondents reported their financial situation is becoming tighter, up from 17% in February. High oil prices have

On May 1, Bitcoin bounced amid optimism fueled by strong big tech earnings reports. However, short-term pressures remain in the market, with key support and resistance levels being closely watched by traders.

Tether published its Q1 2026 attestation on Friday, posting $1.04 billion in net profit with excess reserves reaching a record $8.23 billion, according to an independent audit by BDO. The stablecoin issuer's total assets stood at $191.7 billion as of March 31, with liabilities of $183.5 billion, pri

According to Odaily, U.S. President Trump said Friday that the American naval blockade of Iranian ports during the U.S.-Israel conflict with Iran is "like piracy." Describing a recent seizure of a vessel, Trump stated: "We took over that ship, took over the cargo, took over the oil. It's a very lucr