Commodities (Crude Oil & Copper) & Macro Outlook

According to MarketWatch, President Trump signed a US-Iran memorandum of understanding on June 17 that includes an immediate ceasefire, reopening of Strait of Hormuz oil transport, lifting of US maritime blockade on Iran, and a 60-day nuclear negotiation window. As geopolitical tensions ease and

Iran's central bank chief expressed hope to reach an agreement with the United States in coming days. The official stated that by restoring oil exports and resuming resource flows, better conditions would be created for

According to Russian regional authorities, Ukrainian drones attacked an oil terminal in Russia's Krasnodar Krai on June 21, triggering a fire. The same Ukrainian drone operation also targeted a passenger ferry, resulting in one

According to Trump's post on Truth Social, during a 60-day ceasefire period, the Strait of Hormuz will remain toll-free. After the 60-day grace period ends, the U.S. may impose transit fees if no agreement is reached between the two nations. A

According to CNN, Iran's Revolutionary Guard Navy warned vessels to stay away from the Strait of Hormuz on the morning of June 21, following Iran's announcement of closure of the waterway. The warnings were broadcast via radio and direct contact with ships in the region. Vessels attempting to

According to CCTV Finance, lithium iron phosphate (LFP) battery prices have doubled year-over-year as of June 21, 2026, with a 400-kilogram pack now priced above 25,000 yuan compared to 10,000 yuan a year ago. Despite the surge, demand remains robust. Manufacturers report fully stocked warehouses an

According to Jin10, U.S.-Iran technical talks began in Switzerland on June 21, with Iranian negotiators already present and U.S. Vice President Vance en route to attend. On June 20, Iran's military announced the closure of the Strait of Hormuz, citing U.S. failure to constrain Israel and

According to CoinDesk, Terry Duffy, CEO of CME Group, threatened to sue the CFTC on June 20, arguing the regulator may have violated the Dodd-Frank Act by classifying perpetual contracts as futures instead of swaps. The dispute centers on how the CFTC categorizes cryptocurrency derivatives trading i

According to INTERFAX, Russia will levy an 8% export tariff on diamonds starting September 1.

According to Qatar-based scholar Abdulla Banndar Al Eltaibi, Iran is adopting a "weekend strategy" to avoid market reaction and maximize pressure on the U.S. and mediators (June 21). He stated Iran is using the Strait of Hormuz as leverage to secure a Lebanon ceasefire arrangement in exchange for re

Franklin Templeton plans hybrid funds using stock dividends for Bitcoin exposure up to 20% allocation limits. Crypto ETF flows shifted from strong inflows to sustained outflows during recent market sessions. Institutional product innovation continues expanding Bitcoin access through

According to Guru Club, Iran's Foreign Ministry denied on June 19 that the Strait of Hormuz has been closed.

According to Fox News, U.S. presidential envoys Whitcoff and Kushner have arrived at the negotiation venue, with talks potentially scheduled for Sunday. According to Iran's Mehr News Agency, Iran's Supreme Joint Military Command stated that the Strait of Hormuz will be closed to shipping due to

According to Tasnim News Agency, Iran claimed on June 20 that the Strait of Hormuz has been closed.

Following the U.S. and Iran's agreement this week to reopen the Strait of Hormuz, the Australian government announced it will cut its temporary fuel tax relief in half. The subsidy, which has provided a AUD 0.32 per liter (approximately USD 0.22) reduction on petrol and diesel since March, will be r

According to Iraq's State Organization for Petroleum Marketing (SOMO) head Ali Nizar, two vessels are currently loading crude oil at the country's southern ports, but more ships must enter the Strait of Hormuz to sustain further production increases, Iraq 24 TV

According to Bloomberg, Iraq's state oil company has ordered five major oil fields to raise production above 3 million barrels per day following the US-Iran agreement aimed at reopening the Strait of Hormuz. A June 19 document shows Basra Oil Company directed operators of the Rumaila, West

Ventuals (vHYPE) announced on June 15 that it was shutting down. The platform offered trading of private-company stocks such as OpenAI and Anthropic on Hyperliquid (HYPE), a decentralized exchange offering high-leverage perpetuals trading of cryptocurrencies, commodities, and tokenized stocks. The t