Commodities (Crude Oil & Copper) & Macro Outlook

US President Donald Trump announced on May 30 (local time) plans to refill the Strategic Petroleum Reserve (SPR) using Venezuelan oil, stating the reserve was 'virtually depleted' due to former President Joe Biden. Trump posted on Truth Social that the refilling operation would begin soon,

According to the UK Maritime Trade Organization, a tanker came under artillery fire today approximately 12 nautical miles north of Hasab, Oman. No casualties or environmental impact have been reported.

According to the Wall Street Journal, on August 30, the U.S. government secured a 35% stake in Venezuelan oil firm North American Blue Energy Partners (NABEP) and rights to purchase 20% of its crude production at cost. NABEP holds 100-year development rights to 17 oil fields containing

According to @MarioNawfal and the American Automobile Association (AAA), U.S. gas prices have surged approximately $1.25 per gallon in August amid geopolitical tensions linked to the Iran conflict. The national average price of regular gasoline reached $4.081 per gallon, up sharply from $3.2013 a

U.S. President Donald Trump announced plans to fill the nation's strategic petroleum reserves with Venezuelan oil, with the process to begin soon. Trump stated that the supplementation process will move forward

According to The Guardian on August 29, EU natural gas reserves fell to 63% in the final week of August, significantly below the typical 80% average for the period. The decline raises concerns that reserves could reach their lowest level since 2013 as winter approaches. The drop stems from

According to @MarioNawfal, U.S. gas prices surged $1.25 per gallon due to ongoing geopolitical tensions linked to the Iran conflict. The American Automobile Association recorded the national average price of regular gasoline at $4.081 per gallon in August, marking a significant increase

According to PM Anwar, Malaysia will increase fuel subsidy quotas from Sept 1, boosting petrol from 200L to 300L monthly and diesel from 300L to 400L monthly. The expansion will benefit approximately 500,000 diesel users. The government currently allocates 40

According to Iranian media MEHR, Iran is allowing ships to pass through the Hormuz Strait on the Iranian side on a limited basis.

The Russian government extended its ban on diesel exports on Saturday through September 30 to secure domestic fuel supply amid intensified Ukrainian strikes on Russian refineries. The government stated the decision aims to support stability in the domestic fuel

According to Iranian state media Fars News on August 30, Iran disputed U.S. President Trump's oil agreement with Venezuela, stating the deal would produce only 63 billion barrels of heavy crude over 100 years—translating to daily output less than half of Iran's current production and just 8% of

According to Bank of America chief investment strategist Michael Hartnett, contrarian investors are closely monitoring two potential catalysts that could trigger a shift to defensive assets as bullish consensus reaches extreme levels. The first signal is an easing of U.S.-Iran tensions coupled

According to the American Automobile Association, U.S. gas prices have surged by approximately $1.25 per gallon in August 2026 due to geopolitical tensions linked to the Iran conflict, as reported by @MarioNawfal. The national average price of regular gasoline currently stands at $4.081 per gallon,

According to Bloomberg NEF and JP Morgan, the global solar panel industry is significantly reducing silver consumption in 2026 due to soaring costs. Silver prices surged 150% last year, with silver now accounting for approximately 20% of solar module production costs. JP Morgan projects

According to The Edaily, on August 2, G7 countries face an additional $16 billion in debt financing costs as global government bond yields rise following the Iran-U.S. conflict. The closure of the Strait of Hormuz has driven energy prices higher, intensifying inflation concerns and increasing

According to CCTV, on August 28, Iran's President Pezeshkian stated that Iran would open the Strait of Hormuz if the United States fulfills several conditions: lifting its maritime blockade on Iran, canceling sanctions on Iranian oil and petrochemical products, unfreezing Iranian assets, beginning i

According to the American Automobile Association (AAA), U.S. gas prices surged $1.25 per gallon to $4.081 per gallon in August amid ongoing geopolitical tensions linked to the Iran conflict. The increase represents a 31.8% year-over-year rise from $3.2013 a year ago and translates to an

According to Guru Club, Venezuela's interim president Delcy Rodriguez disclosed details of an oil agreement with the United States on August 30, targeting daily production of 1.5 million barrels from 17 oil fields over 25 years. The agreement sets crude prices at $69 per barrel, with the

According to APK-Inform, Ukraine's main grain exports increased 28% during the week of August 20-26, reaching 240,900 tons.

According to @MarioNawfal, U.S. gas prices surged by approximately $1.25 per gallon in August amid ongoing geopolitical tensions linked to the Iran conflict. The American Automobile Association recorded the national average price of regular gasoline at $4.081 per gallon, up significantly