Commodities (Crude Oil & Copper) & Macro Outlook

US Treasury Secretary Bessent attributed Japan's rising inflation to yen weakness and elevated energy prices driven by the Iran situation. The Bank of Japan forecasts inflation reaching 2.5% this year while maintaining its policy rate at 1.00%, a decision supported by an 8-1 vote at the July

According to Axios, the United States and Iran are finalizing an interim agreement on reopening the Strait of Hormuz, with an announcement expected tomorrow (August 12).

According to Kyodo, Japan's Prime Minister discussed free and safe passage through the Strait of Hormuz with Oman on Aug 11 during phone talks. The discussion focused on ensuring maritime security in the strategic waterway, which is critical for regional stability and global energy security.

The smelter processing ore from Indonesia's giant Grasberg copper mine was halted over the weekend due to a boiler leak, causing delays to copper shipments from the facility.

According to Shana, Iran's official news agency, the country's Oil Minister stated that 95 million cubic meters of natural gas will be restored to production circulation by the end of September 2026.

According to Iran's oil ministry website Shana, Iran's Oil Minister Pakhnezhad stated that 9,500 million cubic meters of natural gas production capacity will resume by the end of September.

According to JPMorgan, global gas turbine orders reached a record in the April-to-June quarter, driven by surging growth in power demand.

Front-month WTI crude oil futures fell 0.1% to $82.08 a barrel in early Asian trade Monday, marking a technical correction following strong overnight gains.

According to reports, Harry Sargeant III, a Florida energy tycoon who has served as a longtime back channel between Washington and Caracas, agreed to sell his interests in Venezuela's second-largest oil producer following a pressure campaign to force him

On Monday, U.S. President Trump rejected Iran's demands for war compensation as part of ongoing negotiations to resolve the conflict, according to reports. The opposition reduces prospects for a quick deal that would reopen the Strait of Hormuz and has contributed to rising oil

According to Trump economic adviser Kevin Hassett, fuel and grocery prices remain elevated due to ongoing energy costs from the Iran war. Hassett also stated that the U.S. economy is entering a "liftoff stage," supported by investment, productivity gains, and artificial

According to Dalian Commodity Exchange data released today, August 11, warehouse receipts for major chemical futures showed mixed movements. Polyvinyl chloride futures held the largest position at 118,656

According to people familiar with the matter, Braskem's bondholders are pressing the state-controlled oil giant to inject capital into the petrochemical producer as time runs short to avoid filing for bankruptcy protection in an election

U.S. West Texas Intermediate crude oil futures rose 2.9% to $80.42 per barrel on Monday, driven by growing doubt that the U.S. and Iran will reach a deal to increase ship traffic through the Strait of Hormuz.

Chile's government will allow state-owned Codelco to retain all of its 2025 profit, approximately $2.42 billion, as the copper producer seeks to revive production and reduce its record debt burden.

US natural gas futures jumped the most in two months on shifting weather forecasts that sparked short-covering among the most bearish money managers since 2020, according to market reports. The rally reflected reversal positioning as fund managers unwound bearish bets in response to updated weather

The Dow, S&P 500, and Nasdaq declined in the final hour of trading on Aug 11 as U.S. Treasury yields and oil prices rose.

According to Shanghai Futures Exchange data released on August 11, key commodity warehouse receipts showed mixed movements: copper increased 126 tons to 23,178 tons; aluminum declined 550 tons to 304,191 tons; zinc rose 547 tons to 110,325 tons; lead surged 3,874 tons to 60,927 tons; nickel

Sunrise Energy Metals, an Australian miner, is weighing a relocation of its headquarters to the US after agreeing to a $400 million loan with the Trump administration last week.

Over the past two months, the UAE has moved more oil through the Strait of Hormuz than any other country, according to available data.