Commodities (Crude Oil & Copper) & Macro Outlook

According to Houthi statements on August 24, the Iran-backed Houthis claimed they successfully attacked the Saudi oil tanker Amzan using ballistic missiles in the northern Red Sea off the coast of Yanbu, causing fires aboard the vessel. The group also stated it conducted parallel military

According to Trump's statement on Truth Social on August 24, U.S. President Donald Trump announced 50% tariffs on Canadian vehicles, trucks, auto parts, and steel effective January 1, 2027. Goods produced in the United States will face 0% tariffs, Trump

MSCI North Europe Index held largely flat at 401.99 points as of August 24. The energy sector led declines across all ten sectors, with oil refiner Neste Oyj falling 4.8% and marking the weakest performer among Nordic

WTI crude oil fell below $84 per barrel intraday on August 24, declining 2.71% during the session.

WTI crude fell $0.56 per barrel to $84.48 in 5 minutes on August 24. Brent crude declined $0.53 per barrel to $90.30 over the same period.

The U.S. Strategic Petroleum Reserve crude oil inventory fell approximately 3.7 million barrels last week to 289.7 million barrels, marking the lowest level since 1982.

According to Bloomberg, Nigeria raised its October Qua Iboe crude oil export loadings to 184,000 barrels per day, marking the highest level in four months.

According to UN Secretary-General Guterres at a press conference on August 24, the United Nations has established a task force to address the Hormuz Strait crisis triggered by conflicts in the Middle East and ongoing Russia-Ukraine tensions. Shipping disruptions in the Hormuz Strait, Red Sea, and

According to the Associated Press, on August 24, Ontario Premier Doug Ford threatened that Canada should prepare to cut off electricity and critical mineral supplies to the United States if trade tensions escalate further. Ford stated that 'all options are on the table' and vowed not to allow 'one g

According to Maersk, last week (week of Aug 17), vessel traffic through the Strait of Hormuz and the Bab el-Mandeb remained active. However, overall transit volume masks significant structural changes in vessel flow patterns, the shipping company

TotalEnergies CEO stated that the cost of transporting a single oil shipment through the Strait of Hormuz is $20 million. The Strait of Hormuz remains one of the world's most critical energy chokepoints, with a significant portion of global oil exports passing through the narrow

Capital.com reported $1.13 trillion in client trading volume for the second quarter of 2026, down $140 billion from the first quarter. The broker executed 34.9 million trades between April and June, down 23.2% from 45.4 million in Q1, with average trade size increasing 16%

According to sources, Russia's Perm oil refinery ceased operations following a drone attack on August 21. The facility, a key component of Russia's petroleum production infrastructure, has halted processing activities in the wake of the

According to the U.S. Department of Defense, the U.S. will invest $750 million in US SIIE to advance rare earth initiatives on August 24, announced via PANews.

According to Jin10, Iran blacklisted 45 oil tankers on August 24 for violating its Strait of Hormuz transit regulations, announcing threats against any vessels conducting cargo transfers with these ships. The Persian Gulf Strait Authority, Iran's newly established agency managing the strategic

US stock indices opened mixed on August 24 (local time) as investors awaited the US government's Iran sanctions announcement. At 9:54 AM on the New York Stock Exchange, the Dow Jones Industrial Average rose 163.36 points (0.31%) to 53,440.37, while the S&P 500 fell 23.59 points (0.31%) to 7,650.78 a

According to Jin10, Houthi forces struck Saudi oil tanker 'Amzan' with a ballistic missile off Yanbu coast in the northern Red Sea on August 24, setting it ablaze. The group said the strike achieved a direct hit; nearby vessels reportedly fled the scene. In a statement, the Houthis said they are

From 13:30 to 13:45 UTC on August 24, 2026, BTC fell rapidly by 0.92% over 15 minutes, retreating from nearly $79,000 to a range of $78,206.3–$79,031.8 USDT, with a 1.04% amplitude. BTC had just rebounded from its 24-hour low of $76,667 to around $79,157, representing an intraday gain of approximately 1.52%. The pullback during this period disrupted the short-term rebound momentum, intensified market volatility, and led to increasingly fierce battles between bulls and bears. The primary driver o

According to Gate, gold rose to $4,675.87 per ounce with a 1.46% intraday gain on August 24. Silver climbed to $69.698 per ounce but declined 0.29% during the same period. WTI crude oil fell 0.55% to $86.62 per

According to its 13F filing, Thiel Macro disclosed eight U.S.-listed holdings worth $418.7 million as of the end of the second quarter, with the fund concentrating its portfolio on energy companies and AI infrastructure plays. Amazon was the only technology company in the portfolio at