Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, on September 7, Iran's Supreme National Security Council secretary Reza'i announced that Iran and Oman will sign an agreement regarding maritime traffic through the Strait of Hormuz within the coming days. Reza'i also stated that the U.S. must earn Iran's trust to continue

According to Trump's social media post today, oil flow through the Strait of Hormuz has resumed to pre-conflict levels. The post includes an image showing the daily volume has recovered to 18 million barrels, compared to 20 million barrels before the conflict.

According to U.S. Energy Secretary Chris Wright in interviews with ABC and CBS on September 6, 2026, 9 million barrels of crude oil pass through the Strait of Hormuz daily, marking the highest 7-day average level to date. Wright stated that the U.S. military remains deployed to reduce Iran's

Eurometal, the trade body representing European steel distributors and processors, estimates that roughly 300,000 direct jobs in the steel industry are under immediate threat from subsidized Chinese imports flooding the continent. The organization's President Alexander Julius described the

Energy Secretary Chris Wright confirmed on September 6 that US Navy forces are actively escorting commercial tankers through the Strait of Hormuz as ongoing tensions with Iran have made unescorted passage dangerous. The world's most important oil chokepoint is currently running at roughly half its n

According to the UK Maritime Trade Operations, 59 vessels transited the Strait of Hormuz over the past 48 hours.

According to U.S. Energy Secretary Wright, on Sunday (September 6), the U.S. Navy will continue escorting tankers through the Strait of Hormuz to ensure the flow of crude oil, with no end to the escort mission in sight. Daily oil shipments through the waterway exceed 9 million barrels, and

OPEC+ announced on local time September 6 that it will maintain October oil production at September levels. Seven member countries—Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman—held a virtual meeting and issued the statement. The decision ends a six-month consecutive production i

According to OPEC+, the cartel decided to maintain October oil production at September levels, as announced on September 6. Seven member states including Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman made the decision during a video conference. This marks a halt to six

According to a U.S. Central Command statement released on September 5, American forces struck three Iranian oil tankers in response to ballistic missile attacks launched by Iran's Islamic Revolutionary Guard Corps against two U.S. naval vessels operating in the

The U.S. military announced Sunday that an Iranian-linked oil tanker sank in the Gulf of Oman after American forces struck three crude carriers in retaliation for Iranian missile attacks on U.S. Navy warships. U.S. Central Command said the M/T Kylo went down after being struck Saturday, with the

According to Farside Investors, U.S. spot Bitcoin ETFs attracted $905.4 million across two trading sessions ending Sept. 5, with BlackRock's IBIT accounting for $571.4 million. Bitcoin held near $79,900, up roughly 0.5% over 24 hours, while futures open interest stood at $53.4 billion, according to

According to OPEC+ statement released on September 6, the organization did not adjust oil production quotas at its Sunday meeting on September 5.

According to BlockBeats, U.S. and Canadian equity markets will close on September 7 (Monday) due to the Labor Day holiday. CME precious metals and U.S. crude oil futures contracts will end trading early at 02:30 Beijing

According to Ukraine's military, the country struck Russia's Ryazan oil refinery yesterday night (September 5).

According to Iran's official news agency IRNA, citing local sources, an Iranian oil tanker was struck by a U.S. missile near Kharg Island today. The report did not provide details on casualties or damage.

According to Reuters, on Sunday (September 8), OPEC+ will maintain its October oil production policy unchanged as members need to reach consensus on new quotas before taking further action. The 21-member group is reviewing members' oil production capacity to establish 2027 production baselines,

Goldman Sachs forecasts global stocks will rise 5-9% over the next 12 months, a slower pace than the previous year's gains, according to Peter Oppenheimer, the firm's Chief Global Equity Strategist, in an interview with Opening Bid on local time May 5. Oppenheimer stated investors have already

According to Goldman Sachs Chief Global Equity Strategist Peter Oppenheimer in a Yahoo Finance interview on September 5, global stock markets are expected to deliver returns of 5-9% over the next 12 months, down significantly from the exceptional gains of the past year and year-to-date