Commodities (Crude Oil & Copper) & Macro Outlook

According to Bloomberg, on Monday (September 14), Iran will notify Gulf nations of a Strait of Hormuz shipping agreement.

US crude oil prices rose above $102 per barrel, reaching their highest level since May, driven by concerns over supply risks in the Middle East. The surge in West Texas Intermediate (WTI) crude oil reflects market sensitivity to geopolitical tensions and potential disruptions in oil supply. China, t

Saudi Arabia shut down its East-West oil pipeline on September 11, 2026, one day after drone attacks damaged pump stations in the Riyadh and Medina regions and injured personnel. The strikes were traced to Iraq's Maysan province, a border region adjacent to Iran, though no group claimed

U.S. crude oil prices topped $102 per barrel, marking their highest level since May, driven by supply concerns in the Middle East. The surge in West Texas Intermediate (WTI) crude reflects market sensitivity to geopolitical tensions in the region. Meanwhile, China's declining oil demand poses a

In February 2026, the U.S. Supreme Court ruled 6-3 that President Trump's tariffs, imposed under the International Emergency Economic Powers Act, were unconstitutional, according to data from Customs and Border Protection and the Penn Wharton Budget Model. The federal government's total exposure fro

On September 11, 2026, Saudi Arabia shut down its East-West Petroline after drone strikes damaged pump stations in the Riyadh and Medina regions, with the attacks traced to Iraq's Maysan province. The closure comes as the pipeline typically moves 4 to 5 million barrels of oil per day,

Brent crude fell from $109.97 to $104.61 on Friday, helping Bitcoin recover above $77,000 after a difficult week driven by inflation concerns. BTC gained roughly 0.9% on Friday, closing near $77,200, and held around $77,300 on Saturday. Chevron CEO Mike Wirth warned Friday that depleted crude oil i

President Trump said on September 12 that Iran may be responsible for the attack on Saudi pipelines. Trump also stated that Houthi militants do not want to engage in conflict with the United States, and that the U.S. maintains control of the Strait of

Houthi forces seized Perim Island at the southern mouth of the Red Sea on Friday 11 September 2026, according to four Yemeni government sources who spoke to Reuters, as Saudi-backed government forces withdrew from the strategic position that divides the Bab el-Mandeb Strait into two navigable

According to Reuters and France 24, Houthi forces captured Perim Island on September 11, the strategic rock that divides the Bab el-Mandeb Strait into two shipping lanes, after Saudi-backed government forces withdrew. In the same 48 hours, Saudi Arabia's East-West pipeline—the route carrying crude f

The U.S. Consumer Price Index held steady at an annual rate of 3.4% in August, matching market expectations, as reported by @WuBlockchain. Core inflation fell to 2.4%, marking the lowest level since March 2021, while the month-over-month increase reached 0.4%, the largest rise in three months. The u

According to President Lee Jae-myung on September 12, South Korea has reduced its Middle East crude oil dependency to around 50% from previously 70%, through measures including dispatching oil envoys, strengthening crude oil diplomacy, and promoting import diversification. The country also

South Korea's President Lee Jae-myung pledged on September 12 that gasoline, diesel, and other petroleum product prices will remain stable. Lee reassured the public not to worry amid ongoing energy market

According to Guru Club, Brent crude oil fell below $100 per barrel on September 12, declining more than 2.9% intraday.

According to Guru Club, copper futures fell over 1% intraday on Sept 12, trading at $6.5157 per pound.

On September 12, U.S. stocks rallied Friday as the August CPI data confirmed market expectations of a Federal Reserve rate hike next week. The S&P 500 rose 0.9%, the Dow gained 1%, and the Nasdaq climbed 1%. The 10-year U.S. Treasury yield closed at 4.974%, approaching the 5% threshold and up

European natural gas prices experienced significant weekly gains as of September 11, with the Dutch TTF futures contract reaching approximately €79.73/MWh. The increase was driven by escalating conflict in the Middle East, which fueled market concerns about prolonged supply disruptions. This

European natural gas prices surged to their biggest weekly gain since July on September 11, driven by escalating Middle East conflict fueling concerns over supply disruptions. The Dutch TTF futures contract, the benchmark for European gas markets, reached approximately €79.73/MWh, reflecting

According to Bank of America, U.S. diesel prices hit $6 per gallon for the first time on Friday, driven by disruptions from the U.S.-Iran conflict affecting global oil supply. Bank of America identified diesel as the core pressure point for the real economy, rather than rising U.S. Treasury

According to Guru Club, crude oil prices fell below $96 on September 12, declining more than 3.2% during intraday trading.