Commodities (Crude Oil & Copper) & Macro Outlook

According to job postings, SpaceX is hiring a trader to build and lead a natural gas trading team as the company's fuel and power needs grow. The role covers physical and financial natural gas trading, with positions available in Cape Canaveral, Florida, or Starbase, Texas. Earlier this month, Spac

According to IRNA, Iran has recently approved a portion of Iraqi oil tankers to transit through the Strait of Hormuz at Iraq's request.

On August 22, 2026, from 05:00 to 05:15 UTC, BTC fell rapidly by 1.42% within 15 minutes, with its price retreating from 78,592.6 USDT to 76,500 USDT and volatility reaching 2.67%. BTC had previously touched an intraday high of 79,520 USDT, rebounding approximately 5.9% from the 24-hour low of 75,100.8 USDT and forming a typical spike-and-pullback pattern. The main drivers of this volatility were escalating geopolitical tensions in the Middle East and divergent risk-off sentiment stemming from t

According to Jin10, Canadian Prime Minister Chrystia Freeland announced on August 22 that trade negotiations with the United States have been suspended. Canada will implement retaliatory tariffs equivalent to the 50% tariff the U.S. plans to impose, to protect Canadian workers and

According to MarketWatch, on Thursday (August 22), the 10-year U.S. Treasury yield rose approximately 5 basis points to 4.69%, while the 30-year yield broke above 5%, marking the highest level since 2007. This came

According to Jin10 Data on August 22, Mexico's chief trade negotiator expressed confidence in securing more lenient U.S. tariff terms for automotive and steel exports, similar to terms currently under negotiation between Washington and Ottawa. Mexico has not yet reached a comparable agreement with t

US Treasury Secretary Scott Bessent announced on May 20 (local time) that the Treasury's long-term bond buyback program will expand to a minimum of $4 billion per operation, doubling the previous $2 billion level set just one day earlier on May 19. The move aims to suppress rising long-term

On August 21, 2026, UTC, BTC edged higher within the 73,020.4–73,497.6 USDT range, closing up 0.64%, with a 0.65% amplitude. Order-book liquidity was extremely shallow, with a bid-to-ask depth ratio of just 0.34. Asks were significantly dominant, and the market remained in a high-level consolidation phase. The primary driver of this move was a rotation into safe-haven assets triggered by rising geopolitical tensions in the Middle East. Only seven cargo ships passed through the Strait of Hormuz o

According to sources tracked by Jin10 on August 22, Iran threatened to respond with devastating action to enemy threats and announced plans to attack crude oil export facilities aimed at the U.S. midterm elections. Iranian officials targeted Yanbu and Fujairah as potential

The USD-KRW 1-month NDF closed at 1,385.80 won (MID) on the night of the 22nd, down 0.55 won from the previous Seoul spot market close of 1,386.50 won, according to overseas brokers. The decline reflects ongoing geopolitical uncertainty as negotiations over the reopening of the Strait of Hormuz

According to Yonhapinfomax, the USD/KRW exchange rate traded at 1,386.20 won as of 6 a.m. on August 22, falling 30.60 won over the week—marking the first close below 1,390 won in 11 months. Export-related selling and offshore pressure drove the pair to a low of 1,380.30 won on the previous

Iran's crude oil loadings collapsed to approximately 260,000 barrels per day by May 2026, down from 1.5 to 1.85 million barrels per day before the US-Israel conflict escalated in late February 2026. The decline resulted from a US naval blockade of Iranian ports and the Strait of Hormuz launched on F

As of August 2026, Iran's crude oil loadings have fallen to approximately 260,000 barrels per day—roughly one-seventh of pre-conflict levels of 1.5 to 1.85 million bpd. The collapse followed the US-Israel conflict escalation on February 28, 2026, which triggered a US naval blockade of Iranian

According to Yonhapinfomax, on Aug 21, President Donald Trump said Iran wants a deal but is not prepared to make the right one. Speaking to reporters while traveling to South Carolina from Andrews Joint Base, Trump stated that the U.S. completely controls the region around the Strait of Hormuz,

According to Guru Club, LME zinc futures rose 1.7% to $3,823 per ton on August 22, reaching the highest level in over four years amid signs of tightening supply.

The US dollar declined slightly in trading on August 21, closing at 159.003 yen against the Japanese yen at 4 PM Eastern Time, down 0.115 yen (0.072%) from the prior New York close of 159.118 yen, while the Dollar Index (DXY) fell 0.052 points (0.053%) to 98.832. The decline occurred despite

According to Critical Metals CEO Tony Segrich on August 22, the company's Tanbreez rare earth project in Greenland is advancing as scheduled, with production expected to begin in 2029. The U.S.-listed firm has secured support from local communities and government officials. To address local

US Treasury prices fell for a second consecutive day on August 21, with short-term securities showing slightly more weakness, resulting in a bear flattening of the yield curve. The 10-year Treasury yield rose 4.00 basis points

Oil prices rose on August 21 as the United States prepared to announce sweeping economic sanctions against Iran on the 24th. West Texas Intermediate (WTI) crude for October delivery closed at $87.06 per barrel,

According to Yonhapinfomax, on August 21 (U.S. Eastern time), WTI crude oil for October delivery rose $0.23, or 0.26%, to close at $87.06 per barrel on the New York Mercantile Exchange. Brent crude for October gained $0.61, or 0.65%, reaching $94.39 per barrel. The U.S. Treasury Department plans to