Commodities (Crude Oil & Copper) & Macro Outlook

According to Axios, on July 14, President Donald Trump proposed imposing a 20% toll on cargo passing through the Strait of Hormuz, triggering a sharp market reaction. International crude prices surged 9%, with Brent crude climbing to $86 per barrel from below $70 following a ceasefire

According to Xin Hu Futures research report released July 15, the U.S. conducted consecutive airstrikes on Iran and announced a blockade of Iranian ports effective from the early morning of July 15, imposing a 20% fee on transiting goods. The escalating U.S.-Iran tensions and geopolitical risks

According to Bloomberg, two oil tankers carrying Iranian oil have set course for Pakistan, according to recent vessel tracking data.

On July 15, the US unveiled updated sanctions targeting China and India as major buyers of Russian oil and gas, according to China's Foreign Ministry spokesman Lin Jian. The new measures authorize up to 100% tariffs against related countries. Lin emphasized China's firm opposition to unilateral sanc

From 06:45 to 07:00 (UTC) on July 15, 2026, BTC fell 0.35% within 15 minutes, trading in a range of 64,811.5–65,068.1 USDT, with an amplitude of 0.39%. Despite the short-term pullback, BTC is up approximately 3.45% over the past 24 hours, trading around $64,779; the intraday high reached $65,267. After the sharp early-session rise, BTC is now consolidating at a high level. The key driver behind this market movement is a renewed escalation in the US-Iran military conflict. The US has restarted a

According to Jin10 Futures, warehouse inventory for SHFE pulp futures rose to 315,662 tons on July 15, up 5,683 tons from the previous trading day. Separately, factory warehouse inventory for Stone Bitumen futures increased by 1,000 tons to 20,110 tons. Remaining inventory items across energy and

Bitcoin reached $65,005 on July 15, marking its first return to that level since falling to $61,750 on July 13. The recovery occurred despite negative market sentiment, with Coinbase CEO Brian Armstrong noting that buyers stepped in even as mood remained pessimistic. The earlier decline followed

According to Kores, U.S. Republican Senator Marsha Blackburn visited the Project Crucible site in Tennessee on July 11 to review progress on the critical minerals smelter project and discuss cooperation measures with company

According to Bitcoin.com News, Bitcoin reached $65,005 on July 15, marking its first visit to the level since sliding to $61,750 on July 13 amid Iran tensions and Brent crude spiking above $83 a barrel. Coinbase CEO Brian Armstrong noted that buyers stepped in despite negative market sentiment,

According to Tradeweb data, Germany's 10-year government bond yield rose 3.3 basis points to 3.105% on July 15, as eurozone sovereign debt yields climbed following U.S. Treasury movements. The increase was primarily driven by elevated oil prices stemming from Middle East military tensions. Belgian b

As the military conflict between the US and Iran continues to escalate, market concerns about the risk of disruption to crude oil supply have intensified further. Crude oil prices rebounded sharply intraday: WTI crude oil has regained the level of $80 per barrel, while Brent crude oil at one point approached $86 per barrel. On July 15, 2026, Gate data shows that as of the latest quote, WTI is $78.84 per barrel, down 1.04% over the past 24 hours, with an intraday trading range of $77.34 to $80.55

According to Jin10 Futures, on July 15, crude oil prices continued to rise due to escalating geopolitical tensions and strait transit constraints, which increased market concerns about supply prospects.

According to a Ukrainian drone commander, Ukrainian forces struck 20 Russian ships in the Black Sea overnight on July 14, with 17 of the vessels being oil tankers.

According to Kpler ship-tracking data, vessel traffic through the Strait of Hormuz rebounded on Tuesday, July 14, with nine of eleven ships using Iranian routes as Iran accelerated export shipments ahead of a U.S. blockade announced that day. The outbound vessels included a VLCC carrying 2 million b

According to CME data, on July 14, copper and Brent crude oil surged in both trading volume and open interest, while silver and natural gas cooled. Copper volume rose 6,410 contracts to 56,166 and open interest increased 3,415 to 259,598, while Brent crude oil volume jumped 239,188 to 433,687 and op

According to the chairman of the Japan Petroleum Association, Japan plans to research how to participate in Middle Eastern oil-producing nations' initiatives to increase exports through routes bypassing the Strait of Hormuz, including expanding pipeline transmission

According to Reuters, AI cloud computing company CoreWeave is exploring financial derivatives to hedge against potential memory and storage chip price declines. The company has signed long-term agreements with chipmakers Micron and SanDisk that include price floor guarantees for DRAM and storage chi

According to Japan's Petroleum Association (PAJ), Japan's commercial crude oil inventories declined by 331,964 thousand liters in the week ended July 11, falling to 10.27 billion liters from 10.60 billion liters the previous week. Refinery operating capacity utilization rose to 86.20% from 83.00%, w