Commodities (Crude Oil & Copper) & Macro Outlook

According to Iranian military official cited by Fars News, Iran's military announced on July 29 that the Strait of Hormuz remains completely closed to all vessels. Any ships attempting to pass through, particularly those ignoring warnings, will face swift and decisive

According to Jin10, New Zealand's government approved a 12-year offshore oil and gas exploration license in the Taranaki Basin on July 29, marking the first permit granted since lifting its ban on new fossil fuel exploration last year. Resource Minister Shane Jones called the decision an

Brent and WTI crude oil prices rose more than 3% on Wednesday as U.S.-Iran tensions renewed supply disruption concerns across the Middle East. Brent crude futures climbed $2.70, or 3.2%, to $86.79 a barrel, while West Texas Intermediate futures gained $2.65, or 3.3%, to $81.91 as of 6:45 a.m. GMT. T

According to Reuters, Yemen's Houthi militants are considering imposing fees on commercial vessels transiting through the southern Red Sea, as reported on July 29. The move comes after the group announced a maritime embargo against Saudi Arabia on July 20, expanding attacks on oil tankers beyond the

According to market data, Brent crude futures rose 3.2% to $86.79 per barrel and WTI gained 3.3% to $81.91 as of 6:45 a.m. GMT on Wednesday, reversing part of Tuesday's decline as renewed U.S.-Iran tensions sparked renewed concerns over Middle East supply disruptions. The rally followed U.S.

According to two sources, Russia is preparing to extend its diesel export ban through August, though the ban could be lifted earlier if domestic supply conditions improve.

According to an announcement by E DAIM Fund Management on July 29, the company's Easeasy Crude Oil Securities Investment Fund (QDII), Class A RMB shares (ticker: 161129) is trading at a significant premium to its net asset value on secondary markets. The fund manager issued a formal reminder to

According to Jin10 Futures, since mid-to-late July, outbound transfers of Xinjiang cotton to inland regions have slowed, with warehouse inventory pressures declining across monitoring and delivery warehouses in Aksu, Kashgar, and Kuytun. As of July 20, Xinjiang's commercial cotton inventory had

At 12:00 a.m. on July 30 (Beijing time), the Fed will release its July FOMC meeting decision. This will be the second FOMC meeting since Fed Chair Kevin Wosch took office, and it may well be the most difficult to predict in recent years. The CME FedWatch tool shows that, as of July 29, the probability that the market is pricing in the Fed keeping the policy rate unchanged in the 3.50% to 3.75% range is 70.6%, and the probability of a 25-basis-point rate hike is 29.4%. This probability structure

Webull launched Managed Bond Portfolios through Webull Advisors, introducing robo-advised portfolios built from individual bonds rather than exchange-traded funds. Powered by fixed income infrastructure provider Moment, the offering allows U.S. retail investors to access professionally managed portf

According to Kyodo News, three Japan-related vessels departed the Persian Gulf through the Iran route.

According to the U.S. Treasury Department, federal government debt reached an all-time high of $39.7 trillion last week, increasing by approximately $7 billion per day. The debt ceiling was raised by $5 trillion to $41.1 trillion in July 2025, and more than half has already been consumed; the

From 04:00 to 08:00 UTC on July 29, 2026, BTC traded within the range of 63,598.9–63,765.5 USDT. The volatility was 0.26%, and the return % slipped slightly by 0.01%. Despite tighter short-term fluctuations, BTC is still up about 1.47% over the past 24 hours, bouncing from a $62,744.9 low to around $64,433.4 as the market tries to balance risk-off sentiment with expectations for macro policy. The main driver behind this move is the escalation in the U.S.-Iran conflict. Iran’s “raids-style” missi

According to Jin10 Futures citing data from UAE's Fujairah Petroleum Industry Zone, refined oil inventories in Fujairah fell by 1.981 million barrels to 6.511 million barrels as of the week ending July 27. Light

According to Jin10 data, on July 29, Iran launched a missile strike on U.S. forces stationed in Jordan, prompting the U.S. and Saudi forces to conduct counterattacks on Iran-backed armed groups in Iraq. The escalation drove up oil prices and intensified inflation concerns. As a result, UK 10-year g

According to Jin10, Ukrainian Armed Forces claimed on July 29 that Russian military facilities including a Ryazan oil refinery, Black Sea Fleet naval base, radar stations, and other installations came under

HD Korea Shipbuilding & Offshore Engineering achieved 96.2% of its annual order target in the first half, securing 16.38 billion USD in new orders, the company announced during its second-quarter conference call on the 29th. HD Hyundai Heavy Industries, a subsidiary, already exceeded its full-year o

At a regular press briefing on July 29, Foreign Ministry spokesperson Mao Ning responded to Reuters' question regarding reports that China had requested Houthi forces to ensure safe passage of Chinese oil tankers through the southern Red Sea. Mao Ning stated that China closely monitors

According to Jin10 Futures, warehouse inventory levels on China's Shanghai Exchange (SHFE) shifted on July 29. Pulp futures warehouse inventory increased by 2,019 tons to 340,665 tons, while fuel oil futures inventory rose by 5,000 tons to 16,960 tons. Inventories for other tracked commodities