Commodities (Crude Oil & Copper) & Macro Outlook

According to PIIE, U.S. tariffs have failed to significantly reduce the nation's dependence on Chinese goods and services from 2017 to 2024. China's share of bilateral U.S. imports fell by 7 percentage points over the period, while China's share of value-added in U.S. imports declined by just 2 perc

According to Descartes, U.S. container imports in July reached the fourth-highest level on record.

According to the Energy and Clean Air Research Institute (Finnish research organization) citing CCTV, on August 10, the EU remains the largest buyer of Russian liquefied natural gas and pipeline gas despite efforts to reduce energy dependence on Russia. In July, 49% of Russia's LNG exports and 32% o

Adnoc Gas is considering a new gas export facility located outside the contested Strait of Hormuz, according to recent reports. The move represents Abu Dhabi's latest effort to diversify export routes and reduce reliance on the strategic

Black Sea grain exports are facing fresh constraints as record-low Danube water levels restrict shipping flows through Romania, according to reports. The reduced river capacity is limiting the transport of grains from the Black Sea region via Romania's waterway

In July, Norway's producer price index including oil surged to 23.4% year-over-year, marking a significant increase from 14.9% in the previous period.

Norway's Producer Price Index including Oil posted a month-on-month increase of 8.9% in July, marking a sharp reversal from the previous month's -7.1% decline.

According to the Bank of Japan's July meeting summary of opinions, one board member cited Middle East developments, expanding AI-related demand, and the weak yen as factors pushing up prices. Another member highlighted significant upside

Iraq set September pricing for Basrah medium crude at a $4 per barrel discount to Asia and Basrah heavy crude at a $7.30 per barrel discount to the regional benchmark.

United Arab Emirates state-owned Adnoc announced plans to increase oil production following its exit from OPEC earlier this year, which freed the company from the cartel's production restrictions.

US wheat futures jumped to their highest level in more than a week on August 11, as shipping disruptions in the Black Sea raised concerns of potential supply shortages from the region's major grain production

According to the ADNOC state news agency, a vessel was targeted by a missile while transiting the Strait of Hormuz early on Saturday. The agency stated the situation is under control and no injuries were reported from the

According to Wu Shuo, UMX (The Unified Market Exchange), incubated by Avenir Group, launched its invitation-only public testing today. The platform positions itself as a crypto-friendly securities exchange, offering both cryptocurrency trading and real U.S. stock trading services on a single platfo

According to the Malaysian Palm Oil Board (MPOB), Malaysia's palm oil exports jumped 14.5% to 1.39 million tons in July.

Since the U.S.-Israeli joint military strikes on Iran in late February 2026, the status of passage through the Strait of Hormuz has become one of the most important indicators for global energy markets and geopolitics. This strategic waterway, which carries approximately one-quarter of global seaborne oil trade and about one-fifth of liquefied natural gas shipments, is experiencing its most serious transit crisis since the Iran-Iraq War. Alongside changes in shipping volumes, the Event Contracts

According to Kyiv Independent, on August 11, Ukrainian forces targeted a Russian oil refinery in Tatarstan. The attack was reported alongside strikes in occupied Crimea and Donetsk Oblast.

On Sunday, U.S. Senator Chris Murphy said he would support a deal to end the conflict between the U.S. and Iran, citing American suffering from the ongoing war and the escalating economic cost to reopen the Strait of

According to Guru Club, citing data from South Korea's National Statistical Office and Customs Service released on August 11, the country's exports surged 57.3% year-over-year to $275.5 billion in the second quarter, marking an all-time high for available records. The semiconductor sector drove the

According to Jin10 and Libya's National Oil Corporation, the Zawiya refinery in western Libya faces potential forced closure due to sustained drone attacks on August 11. The facility has endured three strikes between August 9-10, with the latest damaging an oil blending and loading plant near a

According to the Wall Street Journal, Trump is willing to declare victory over Iran without securing a nuclear deal, provided Tehran fully reopens the Strait of Hormuz. With midterm elections three months away and elevated gas prices, Trump is seeking a victory narrative on the Iran