Commodities (Crude Oil & Copper) & Macro Outlook

The United States and Canada are nearing a deal to avert 50% tariffs on Canadian products set to take effect on August 19, according to recent negotiations. Roughly $20 billion in annual Canadian exports would be affected, spanning dairy, motor vehicles, and alcoholic beverages. Prime Minister

US energy sector ETFs saw $4 billion in outflows over 65 days ending mid-August, marking the largest sustained outflow since mid-2025. This reversal follows a record $5 billion inflow in March 2026, driven by geopolitical tensions and supply concerns. By May, year-to-date inflows had already

According to Libya's power company, part of the Harsha Power Station's units have halted operations following an explosion, according to disclosures from company sources.

Cboe BZX Exchange filed a proposed rule change seeking U.S. Securities and Exchange Commission approval to list 3x leveraged commodity exchange-traded funds, including products tied to Bitcoin and Ether. The proposed lineup includes 3x Gold, Silver, Bitcoin, Ether, Crude Oil and Natural Gas ETFs,

Cboe BZX Exchange recently filed a proposed rule change seeking U.S. Securities and Exchange Commission approval to list 3x leveraged exchange-traded funds, including products tied to Bitcoin and Ether. The proposed lineup also includes 3x Gold, Silver, Crude Oil and Natural Gas ETFs, each

According to Iran's state media DeparPress, Iran's Foreign Ministry spokesman Esmaeil Baghaei said on August 15 that reopening the Strait of Hormuz is conditional on the U.S. ending unlawful interference, lifting maritime blockades, and providing compensation for agreement violations over the past t

According to the Office of the Comptroller of the Currency, World Liberty Financial recently received conditional approval to operate World Liberty Trust Company, National Association, a federally chartered trust bank. The preliminary approval allows the company to prepare for fiduciary and trust-re

According to Iranian media Fars News, Iran and Tajikistan signed a long-term oil cooperation agreement on August 15. The deal covers Iran's export of oil products to Tajikistan and the supply of crude oil to Tajikistan's

The Trump administration announced a $3 billion investment in critical minerals and battery projects on the 7th local time, accelerating a global competition for strategic assets. The US Department of Defense's Office of Strategic Capital (OSC) committed a $400 million conditional loan to

According to Financial News, on August 7, the U.S. Department of Defense announced a $3 billion investment plan to secure critical minerals and battery supply chains. The Defense Strategic Capital division approved a conditional $400 million loan to Australia-based Sunrise Energy Metals and

Super El Niño is disrupting global agricultural commodity markets as abnormal climate patterns damage crop-growing regions for coffee, cocoa, and sugar. The US Climate Prediction Center CPC/IRI forecasts over 90% probability of El Niño continuing

According to the U.S. Climate Prediction Center, as of August 14, Super El Niño is expected to persist through May 2027, with over 90% probability, driving up prices for key commodities. Cocoa futures on London's ICE exchange have risen over 30% in the past three months, while coffee and sugar price

Swiss online banking group Swissquote reported that its crypto income plummeted 66.2% year-over-year to nearly $18 million in the first half of 2026, driving a $6.5 million valuation loss on its proprietary crypto exchange SQX and dragging shares down 12%. The crypto slump, attributed to weak

According to President Zelenskyy, Ukrainian forces struck a Russian military air base located in Nizhny Novgorod and a Russian oil facility in Ust-Luga today (August 15). The operations targeted key Russian military and energy

According to BlockBeats on August 15, the Hormuz Strait, which normally carries about one-fifth of global oil supply, saw a dramatic drop in tanker traffic as Iran-U.S. tensions escalated. Ship tracking firm Kpler reported only two vessels passed through on Friday with no crude oil transport

According to Jin10, citing Canadian sources from August 14, U.S.-Canada trade negotiations have reached a stalemate over core interests as the deadline for new American tariffs approaches. Senior trade officials from both nations conducted intensive talks in Washington but remain far apart, with

According to its SEC filing, Cboe BZX Exchange submitted a rule change application on August 15 to launch the U.S. market's first 3x leveraged Bitcoin and Ethereum ETFs, along with 3x leveraged products for gold, silver, crude oil, and natural gas. The ETFs will operate as commodity pools under

According to Oxford Economics on August 15, a new report reveals that global trade depends heavily on 27 critical maritime chokepoints, with disruptions at any single node potentially affecting energy, commodity shipments, and the broader economy. The ongoing U.S.-Iran conflict over nearly six

The US Trump administration announced a $3 billion investment in critical minerals and battery projects on the 7th, classifying these sectors as strategic assets. The US Department of Defense's Office of Strategic Capital also announced a $400 million conditional loan agreement to Australian

According to Shinhan Investment Securities, the Trump administration announced last week a $3 billion investment in critical minerals and battery projects. The initiative aims to secure a China-independent supply chain for minerals while capitalizing on renewable energy momentum through battery