Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, on August 23, Iran's top security official Rezaei warned Gulf states against joining U.S. economic sanctions, threatening to disrupt oil exports through the Persian Gulf and Strait of Hormuz if they comply. Rezaei claimed that U.S. President Trump launched the economic war agains

According to Nikkei, Japan's state-owned export credit agency NEXI will sign an insurance agreement on Monday (August 25) with the Inter-American Development Bank (IDB) to cover infrastructure loans provided to Brazil's Espírito Santo state. The contract marks NEXI's first time providing loan insura

Canadian Prime Minister Mark Carney announced on local time that Canada will impose retaliatory tariffs against the United States starting September 8, responding to US tariffs of 50% on $20 billion worth of Canadian products taking effect the same date. Carney stated Canada will match the US

According to U.S. Trade Representative Jamieson Greer, on August 22, the United States announced 50% tariffs on approximately C$20 billion worth of Canadian goods—including spirits, dairy, lumber, and furniture—and stated that no new negotiations with Canada are planned. Greer told Fox News the U.S.

Canadian Prime Minister Carney announced on August 22 that Canada's countermeasures against the U.S. will primarily focus on steel, dairy, and other sectors.

According to Canadian PM Carney, Canada will impose retaliatory tariffs on approximately $20 billion in U.S. goods effective September 8, with measures targeting steel, dairy, aluminum, and automotive sectors. Carney stated the details of the new tariff measures will be disclosed in the coming

Major US stock indices ended their three-week winning streaks this week as rising bond yields and oil prices pressured equities. The S&P 500 fell 1.43%, the Nasdaq Composite declined 2.05%, and the Dow Jones Industrial Average dropped 0.85%. Long-term Treasury yields surged to levels not seen in

According to Interfax Agency on August 22, Russian Agriculture Minister Oksana Lut announced the government plans to support grain producers through state grain purchases, subsidized loan extensions, and sales subsidies. The ministry is also exploring alternative export routes for agricultural produ

According to Axios, 16 million barrels of oil were transported out of the Strait of Hormuz overnight on August 21.

According to Iran's Oil Ministry official website Shana, South Pars phase 14 gas processing facility has completed 70% of repairs as of August 22. Touraj Dehqani, CEO of Persian Oil and Gas Company, stated the facility will resume full operation by year-end, with damaged sections fully

According to Iran's Islamic Republic News Agency, Iraq requested that Iran issue special transit permits for Iraqi oil tankers through the Strait of Hormuz on August 22, during Iranian parliament speaker Kalibaaf's visit to Baghdad. Iraq has submitted the request through multiple channels

According to China National Offshore Oil Corporation (CNOOC), the main structure of Huizhou 19-6 platform, Asia's largest offshore crude oil processing facility, completed construction today (August 22) in Zhuhai. The platform will support development and production of a large-scale, multi-billion-t

According to the Associated Press and a Somali maritime official, the Sibu One, an oil tanker flagged to Eritrea and managed by a UAE-based company, was hijacked on Aug 20 by six armed pirates approximately 136 nautical miles east of Mukalla, Yemen. The vessel was subsequently diverted toward the

According to Saudi satellite TV, Iran's deputy parliament speaker stated that a new oil pipeline being built by Gulf states aims to weaken the strategic importance of the Strait of Hormuz. He added that any attempt to lower oil prices constitutes hostile action against Iran.

According to Reuters, Brent crude closed at $94.39 per barrel Friday, gaining 6.4% during the week, as oil markets braced for new U.S. sanctions on Iran set to be announced Monday. West Texas Intermediate closed at $87.06, recording a weekly increase of 5.7%. Treasury Secretary Scott Bessent is

According to Iraqi President Amidi, on August 22, some Iraqi oil-laden tankers have been granted permission to transit the Strait of Hormuz. The announcement comes following discussions between Iraq and visiting Iranian Parliament Speaker Kalibaev regarding a reassessment of bilateral relations. Ami

According to Orient Greenland's recent institutional briefing, the company strategically accumulated bitumen reserves at multiple price levels during the first half of 2026, effectively reducing its overall inventory costs amid rising commodity prices. Combined with coordinated product price

According to Ukrainian military, Ukrainian forces struck the Novokuybyshevsk oil refinery last night on August 21. The facility is a key petroleum processing site in Russia's Samara region.

Ray Dalio, founder of Bridgewater Associates, the world's largest hedge fund, warned that the United States could face a serious debt crisis within the next one to five years. According to CNBC on local time (no specific date provided beyond '21st'), Dalio assessed through his LinkedIn that US

SpaceX is hiring a trader to build and lead a natural gas trading team as the company's fuel and power needs grow, according to job postings. The role covers both physical and financial natural gas trading. The move comes as SpaceX expands its energy infrastructure, including plans announced