Commodities (Crude Oil & Copper) & Macro Outlook

The Trump administration announced a $3 billion investment in critical minerals mining and refining operations in the US and allied nations. President Trump stated the initiative aims to ensure America never again depends on hostile foreign nations for resources needed to maintain competitive

According to IRGC spokesman Hossein Mohseni on August 11, Iran's Revolutionary Guard Corps stated that the Hormuz Strait will remain blocked until the United States accepts Iran's conditions, separating this decision from the Iran-Oman shipping coordination agreement reached two days earlier. The IR

According to Reuters, on August 11, Kalshi announced it will adopt Nasdaq's market surveillance platform to enhance monitoring of trading activity. The platform will be integrated in phases and enable real-time detection of market abuse, manipulation, and insider trading while providing trade data t

According to its announcement, Five Minerals Resources (01208) reported mid-year 2026 financial results with revenue up 61% to $4.54 billion and equity holders' profit surging 164% to $897 million. Operating cash flow increased 89% to a record $2.234 billion. The company attributed the growth to

Commerzbank raised its forecast for European natural gas prices to €50 per megawatt-hour by the end of 2026, up from its previous projection of €45/MWh.

According to Fox News' Saturday in America interview, U.S. Vice President Vance said negotiations with Iran have achieved some progress but remain ongoing, with the U.S. focused on maximizing oil and gas supplies through the Strait of Hormuz. The goal is to restore pre-war supply levels, which Iran

US crude oil inventories have declined for 17 consecutive weeks, reaching 712 million barrels — the lowest level since March 1984. Since early April, total inventories have dropped 166 million barrels, surpassing the previous record of 16 consecutive weeks set in 2021. The decline is driven by

Iran's National Security Council Secretary Mohammadbagheri threatened yesterday to further restrict the Strait of Hormuz and close other shipping lanes if the U.S. maintains its maritime blockade and military provocations. The statement contradicts a day-earlier message from an Islamic

According to Bloomberg, the Trump administration announced on Tuesday a $3 billion mining project aimed at strengthening domestic critical mineral development ahead of next month's US-China summit. The Defense Department's Strategic Capital Office will provide a $1.4 billion loan to Silica

US labor markets posted a loss of 23,000 nonfarm payroll jobs in July as of 08/07 23:03 KST (10:03 EDT), falling sharply below expectations of an 83,000 to 95,000 job increase. The probability of a September Federal Reserve rate hike dropped from 57% to 43.9% following the employment report

Iranian Parliament Speaker Mohammad Bagher Ghalibaf criticized what he termed US 'theater diplomacy' as a failed strategy, stating that threats and unkept promises are insufficient. Ghalibaf characterized the repeated pattern of announcing imminent massive attacks followed by claims of negotiation r

Saudi Arabia and the United Arab Emirates operate pipeline systems designed to bypass the Hormuz Strait, but their combined capacity falls short of replacing the strait's pre-war throughput of approximately 20 million barrels per day. The Saudi Petroline, a 1,200-kilometer pipeline connecting

US imports of Saudi Arabian crude oil dropped to zero in July, marking the first time in 40 years according to Bloomberg. The halt follows a sharp decline from over 800,000 barrels per day at the start of the year. The disruption stems from a dual blockade: Iran's closure of the Hormuz Strait

According to Naver News, South Korea's government announced on Aug 11 a major overhaul of its national asset management system, expanding oversight beyond real estate to include stocks and cryptocurrencies. The initiative aims to manage approximately 1,400 trillion won in state-owned assets and

According to Bloomberg, U.S. crude oil imports from Saudi Arabia fell to zero in July 2026 for the first time in 40 years, down sharply from over 800,000 barrels per day in early 2026. The halt reflects dual supply blockades: Iran's closure of the Strait of Hormuz blocking Gulf exports, and Houthi m

Korean stocks attempted a rebound on 08/07 09:39 KST, with the KOSPI rising 0.15% to 6,305.72 after a 4.58% decline the previous day to 6,296.38. Foreign investors switched from net selling of 3.327 trillion KRW on the prior session to net buying of 285.7 billion KRW on 08/07. The reversal

Saudi Arabia declared readiness to take all necessary measures against any invasion, emphasizing its cooperation with the United States remains at a very high level, including operational coordination with US Central Command. The statement follows escalating tensions in the Red Sea, where Houthi

St. Louis Federal Reserve President Alberto Musalem stated that underlying inflation likely remains between 2.5% and 3%, significantly above the Federal Reserve's 2% target, while emphasizing that the labor market is not the cause of price increases. Musalem's assessment shifts focus away from

Saudi Arabia stated it is prepared to take all necessary measures against any invasion, including maintaining operational cooperation with the US Central Command, following Houthi declarations of a maritime blockade in the Red Sea and an August 5 attack on a Saudi oil tanker in the Gulf of Aden.

According to Pars news agency, Iran's parliamentary committee on national security and foreign policy is reviewing draft legislation titled "Strategic Measures for Security and Sustainable Development in the Strait of Hormuz and Persian Gulf." The bill would prohibit vessels from the United