Commodities (Crude Oil & Copper) & Macro Outlook

According to Iran, approximately 240 vessels are currently awaiting approval from Iranian authorities to transit the Strait of Hormuz on May 24, according to state media reports.

According to Iran on May 24, approximately 240 vessels are currently waiting for Iranian approval to enter the Strait of Hormuz.

Bitcoin fell below $76,000 as inflation fears and liquidations pressured crypto markets. Rising oil prices and Fed rate hike expectations weakened overall investor sentiment. Analysts remain optimistic despite $1.26 billion in Bitcoin ETF outflows this week. Bitcoin — BTC, slipped below

According to Ukrainian military, Ukraine struck the oil loading dock at the Taman oil and gas terminal located in Russia's Krasnodar region on May 24.

According to data from Korea International Trade Association released by Jin10 on May 24, South Korea's total crude oil imports in April reached 8.46 million tons, down 22.8% year-over-year. Middle Eastern crude accounted for 4.49 million tons, falling 37.3% compared to the same period last year

On May 23, 2026 (Eastern Time), U.S. President Trump posted on social media, saying that the United States and Iran have “basically worked out” a deal, with the final details to be announced soon, and that the Strait of Hormuz would be opened accordingly. On the same day, U.S. Secretary of State Rubio confirmed that the negotiations “are making progress.” Iran, meanwhile, said the two sides are in the final stage of finalizing a memorandum of understanding, but emphasized that it does not involv

According to Reuters, citing an internal World Bank document, 27 countries activated domestic crisis response mechanisms on May 23 to secure rapid financing from the World Bank in response to the Iran conflict's global economic impact. Kenya and Iraq officials confirmed they are seeking fast-track f

According to Kpler data released May 23, India, the world's third-largest liquefied petroleum gas consumer, faces a supply shortfall of approximately 400,000 barrels per day compared to pre-war levels due to declining Iranian imports caused by regional conflict. India's LPG imports fell to 376,200 b

According to AXIOS, on May 24, the United States and Iran are set to sign an agreement involving a 60-day ceasefire extension, during which the Strait of Hormuz will reopen and Iran will be permitted to freely sell oil. The U.S. will lift its blockade of Iranian ports and issue sanctions waivers to

According to the National Bureau of Statistics, 20 out of 50 major production materials tracked in China's circulation sector rose in price during mid-May compared to early May, while 23 fell and 7 remained unchanged. Live hog (crossbred) prices dropped 1% to 9.5 yuan per kilogram, while coke

According to Financial Times, the United States will ease its blockade of Iranian ports following an agreement reached with Iran.

According to Cradle Steel, Ansteel Mining's Qidashan iron mine open-pit expansion project commenced full-scale construction recently. The project achieved rapid deployment following approval of safety facility designs by China's State Administration for Mine Safety, realizing 'approval-to-constructi

According to Guru Club, crude oil futures plunged over 9% at dawn on May 24 Beijing time, with both WTI and Brent contracts sliding sharply. Bitcoin surged over 1% to $76,655 amid the broader market reaction. Over the past 24 hours, more than 120,000 traders faced liquidation across crypto

According to the U.S. Commodity Futures Trading Commission (CFTC), speculators increased their net long positions in crude oil futures by 15,017 contracts during the week ended May 19, bringing the total to 110,348 contracts.

Opening During the Persian Gulf crisis, US natural gas at Henry Hub has remained near $3.00 per million British thermal units (MMBtu), with a late-April low around $2.50/MMBtu, according to global CFD broker Elev8 — even as Brent and WTI crude have surged sharply higher. The divergence reflects a

According to Jin10, crude oil futures settled higher on May 23. WTI crude oil futures for July delivery rose 0.26% to $96.6 per barrel, while Brent crude futures for July climbed 0.94% to $103.54 per barrel. WTI main contract fell 8.4% for the week, while Brent declined 5.2% over the same

According to Jin10, as of 2:30 AM close on May 23, Shanghai gold futures fell 0.10% to 991 yuan per gram, Shanghai silver futures rose 0.51% to 18,681 yuan per kilogram, and SC crude oil futures declined 1.88% to 638 yuan per

Opening The Securities and Exchange Commission has approved Nasdaq's proposal to list cash-settled Bitcoin index options on the Philadelphia Stock Exchange on an accelerated basis, according to an order published Friday. The contracts will trade under the ticker QBTC and are tied to the Nasdaq Bit

According to an SEC order published Friday, the Securities and Exchange Commission approved Nasdaq's proposal to list cash-settled Bitcoin index options under ticker QBTC on the Philadelphia Stock Exchange. The contracts are tied to the Nasdaq Bitcoin Index, which tracks one one-hundredth of the