Commodities (Crude Oil & Copper) & Macro Outlook

The United Kingdom Maritime Trade Operations (UKMTO) reported that an oil tanker was hit by an unknown projectile in the Gulf of Oman near Oman. The vessel sustained damage but no crew members were injured in the incident. The attack is part of a broader pattern of maritime confrontations in the

Shanghai Futures Exchange crude oil 2610 contract fell 3.8% to 569.3 yuan per barrel during its overnight session on August 25. Shanghai gold and silver futures also declined, down 0.26% and 0.14% respectively.

According to IMF Managing Director Kristalina Georgieva, the global economy has outperformed expectations amid energy shocks from the Iran war, driven by reduced oil and gas stockpiles and increased non-Gulf energy

According to Canada's Department of Finance, on August 25, Canada imposed retaliatory tariffs of up to 50% on U.S. goods, effective September 8. The measure affects approximately $20 billion in annual U.S. imports. Canada will apply tiered tariffs: 50% on steel, aluminum, furniture, and

According to Forbes Digital Assets, Kalshi launched the first CFTC-approved spot Bitcoin perpetual futures contract on June 3, with clearing volume reaching $5.5 billion in its first two weeks. CEO Tarek Mansour stated the product provides U.S. institutional traders with a regulated domestic perpetu

On August 25, LME base metals posted mixed gains. Tin led advances, rising $104 per ton to $55,852/ton, followed by copper gaining $76 to $14,350/ton and zinc climbing $55 to $3,890/ton. Aluminum gained $10 to $3,238/ton, while nickel rose $16 to $17,042/ton. Lead declined $6 to $1,905/ton, and

According to BlockBeats, Saudi Arabia is leading the Mecca Accord on August 26, a regional security framework being developed with Turkey and Pakistan, with considerations to invite Iran to participate. The accord aims to establish a collective security mechanism where any armed attack on a member s

On Tuesday (August 25), as European markets closed, ICE UK natural gas futures declined 4.2%, while TTF Dutch natural gas futures fell 2.98%. In the same period, ICE EU carbon emission allowance futures

Brazil's government announced it will extend fuel subsidies through September 9, according to an official government statement.

According to Gate data, WTI crude oil fell 3.88% to $81.27 per barrel intraday today, while Brent crude retreated below $87 per barrel with an identical daily decline of 3.88%.

According to Guru Club, Brent crude fell 4% today (August 25), trading at $86.89 per barrel.

According to Jin10 Data, Canadian Prime Minister Carney announced retaliatory tariffs on August 25 in response to new U.S. tariffs imposed over the weekend by President Trump. Canada raised existing countervailing tariffs on U.S. steel and aluminum products to 50%, effective immediately. The same ta

Chinese commodity futures fell during overnight trading on August 25. Low sulfur fuel oil slumped 5.33%, fuel oil declined 5.01%, and PTA fell over 2.5%.焦炭 dropped 2.2%, LPG fell 1.9%, PVC slid 1.2%, while iron ore remained largely

Canada will impose retaliatory tariffs on approximately 700 products at rates of 15%, 25%, or 50%, effective September 8, according to the Canadian government announcement.

According to Guru Club, on August 25, Canada raised tariffs on approximately $20 billion in U.S. products to 15-50%, with steel tariffs specifically doubled from 25% to 50%.

According to Jin10, Russian seaborne crude oil exports fell to 3.46 million barrels per day over the four weeks ending August 23, amid Ukrainian drone attacks on refineries and Black Sea ports. The strikes have disrupted Russia's fuel supply and blocked Moscow from redirecting crude for export,

According to Vale CEO Gustavo Pimenta, speaking at Exposibram 2026 mining conference in Belo Horizonte on August 25, upcoming regulatory modernization will simplify iron ore mining approvals in natural cave areas. The reform is critical for Vale's development of a new project in Carajas, Brazil,

According to Yonhap Infomax, the U.S. Dollar Index (DXY) fell 0.011% to 99.005 on August 25 (New York time), as crude oil prices declined and geopolitical tensions mounted. West Texas Intermediate crude futures for October delivery dropped 3.5% to $82.02 per barrel, reflecting concerns over a

According to U.S. President Donald Trump on August 25, the U.S. Navy has removed and/or detonated all mines in international waters of the Strait of Hormuz. Trump stated that Iran has been notified that any vessel or boat placing new mines will be immediately and systematically

According to a statement, Abu Dhabi National Oil Company (Adnoc) subsidiary Adnoc Shipping ordered two new liquefied natural gas carriers for $444 million, with delivery scheduled for 2029. The company said it has cumulatively invested $2.7 billion in unbuilt vessels so far this year as part of