Commodities (Crude Oil & Copper) & Macro Outlook

Fed Chair Kevin Wash signaled heightened inflation vigilance at Jackson Hole, while China's CXMT reported H1 revenue surging 874% and global shipping rates hit year-highs for the fifth consecutive week. Wash stated additional Fed action may be needed if core inflation fails to decline toward the 2%

Federal Reserve Chair Waller delivered remarks emphasizing persistent inflation concerns, stating that inflation has not slowed meaningfully and expressing worry about stubborn price increases. Waller noted that while this summer's PCE and CPI figures were better than expected, they did not

According to Jin10, WTI crude oil jumped 2% to $84.29 per barrel on Monday (August 31), while Brent crude rose 1.7% to $89.43 per barrel. The moves followed U.S. military strikes on Iranian islands in the early morning hours and subsequent Iranian counter-attacks on U.S. military

According to President Trump's statement on August 30, the U.S. aims to refill its Strategic Petroleum Reserve (SPR) using Venezuelan crude oil. The SPR has fallen to 290 million barrels, its lowest level since 1982. According to the Wall Street Journal, the U.S. government is pursuing a 35% stake i

According to the UK Maritime Trade Operations office, a tanker came under attack from unidentified projectiles on August 30 while transiting the Strait of Hormuz, approximately 22 kilometers north of Oman's Salalah. No casualties or environmental damage have been reported. The authority advised

US President Donald Trump announced on May 30 (local time) plans to refill the Strategic Petroleum Reserve (SPR) using Venezuelan oil, stating the reserve was 'virtually depleted' due to former President Joe Biden. Trump posted on Truth Social that the refilling operation would begin soon,

According to the UK Maritime Trade Organization, a tanker came under artillery fire today approximately 12 nautical miles north of Hasab, Oman. No casualties or environmental impact have been reported.

According to the Wall Street Journal, on August 30, the U.S. government secured a 35% stake in Venezuelan oil firm North American Blue Energy Partners (NABEP) and rights to purchase 20% of its crude production at cost. NABEP holds 100-year development rights to 17 oil fields containing

According to @MarioNawfal and the American Automobile Association (AAA), U.S. gas prices have surged approximately $1.25 per gallon in August amid geopolitical tensions linked to the Iran conflict. The national average price of regular gasoline reached $4.081 per gallon, up sharply from $3.2013 a

U.S. President Donald Trump announced plans to fill the nation's strategic petroleum reserves with Venezuelan oil, with the process to begin soon. Trump stated that the supplementation process will move forward

According to The Guardian on August 29, EU natural gas reserves fell to 63% in the final week of August, significantly below the typical 80% average for the period. The decline raises concerns that reserves could reach their lowest level since 2013 as winter approaches. The drop stems from

According to @MarioNawfal, U.S. gas prices surged $1.25 per gallon due to ongoing geopolitical tensions linked to the Iran conflict. The American Automobile Association recorded the national average price of regular gasoline at $4.081 per gallon in August, marking a significant increase

According to PM Anwar, Malaysia will increase fuel subsidy quotas from Sept 1, boosting petrol from 200L to 300L monthly and diesel from 300L to 400L monthly. The expansion will benefit approximately 500,000 diesel users. The government currently allocates 40

According to Iranian media MEHR, Iran is allowing ships to pass through the Hormuz Strait on the Iranian side on a limited basis.

The Russian government extended its ban on diesel exports on Saturday through September 30 to secure domestic fuel supply amid intensified Ukrainian strikes on Russian refineries. The government stated the decision aims to support stability in the domestic fuel

According to Iranian state media Fars News on August 30, Iran disputed U.S. President Trump's oil agreement with Venezuela, stating the deal would produce only 63 billion barrels of heavy crude over 100 years—translating to daily output less than half of Iran's current production and just 8% of

According to Bank of America chief investment strategist Michael Hartnett, contrarian investors are closely monitoring two potential catalysts that could trigger a shift to defensive assets as bullish consensus reaches extreme levels. The first signal is an easing of U.S.-Iran tensions coupled

According to the American Automobile Association, U.S. gas prices have surged by approximately $1.25 per gallon in August 2026 due to geopolitical tensions linked to the Iran conflict, as reported by @MarioNawfal. The national average price of regular gasoline currently stands at $4.081 per gallon,

According to Bloomberg NEF and JP Morgan, the global solar panel industry is significantly reducing silver consumption in 2026 due to soaring costs. Silver prices surged 150% last year, with silver now accounting for approximately 20% of solar module production costs. JP Morgan projects

According to The Edaily, on August 2, G7 countries face an additional $16 billion in debt financing costs as global government bond yields rise following the Iran-U.S. conflict. The closure of the Strait of Hormuz has driven energy prices higher, intensifying inflation concerns and increasing