Commodities (Crude Oil & Copper) & Macro Outlook

According to a China Citic Securities research report published on July 14, U.S.-Iran tensions have escalated again, with the U.S.-Iran memorandum of understanding facing structural execution difficulties. The standoff carries potential risks of becoming prolonged, characterized by intermittent

Three major Chinese oil companies gained between 0.7% and 2.4% as oil prices rebounded from recent declines, with the petrochemical sector outperforming across EJFQ's 25 industry classifications. The Hang Seng Index closed at 24,213

Gate News: According to the latest Gate TradFi data, XBRUSD (Brent Crude UKOIL) has surged by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

According to reports, ICE canola futures rose 1.47% at close on Monday, boosted by a sharp surge in international crude oil prices. The oil rally was triggered by U.S. President Donald Trump's renewed blockade of Iranian vessels in the Strait of Hormuz, following military strikes between the U.S. an

According to external reports, CBOT corn futures rose on Monday (July 14), with benchmark contracts up 0.5% and December futures hitting $4.695, the highest level since June 2. The rally reflected concerns about hot, dry weather in the U.S. Corn Belt and surging oil prices, as the region faces

WTI crude oil touched $79 per barrel intraday on July 13, rising 1.60% during the trading session.

WTI crude oil rose 0.5 per barrel today, with intraday gains expanding to 1.00%, trading at 78.58 per barrel.

According to Jin10, on July 13, U.S. President Trump claimed Middle Eastern allies should pay fees for American military protection. Trump named Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, and Kuwait, stating the U.S. is securing these nations and Israel while investing resources

Gate News message, a Hyperliquid whale is betting nearly $58M against global markets. The portfolio is 93.2% net short, with the largest positions in approximately $13.31M $XYZ100 short, $11.32M $USOIL short, $10.03M $UKOIL short, $3.77M $SP500 short, and $3.68M $NGAS short.

According to the UAE Defense Ministry, two Emirati oil tankers were struck by two Iranian cruise missiles in the southern Strait of Hormuz today. The attack occurred within Omani territorial waters.

According to the UAE Defense Ministry, one Indian crew member was killed and eight others were injured in attacks on two oil tankers in the region on July 13. The fires aboard both vessels have been brought under control. The ministry stated it reserves the right to make a comprehensive response to

According to the UK Maritime Trade Operations Office, a tanker was attacked approximately 40 nautical miles northeast of Al-Khatt, Oman, on July 14. The vessel's engine room starboard side was struck by unidentified projectiles. All

According to Bloomberg, President Trump on July 13 proposed a 20% compensation fee on cargo transported through the Strait of Hormuz. For a fully loaded supertanker carrying approximately 2 million barrels of crude oil at current prices around $80 per barrel, this would amount to roughly $30 million

According to RBNZ Chief Economist Conway, geopolitical tensions from the Middle East conflict are complicating monetary policy decisions. Conway flagged upside risks to inflation expectations for the third

According to reports on July 13, the U.S. announced a resumption of its blockade on Iranian vessels in the Strait of Hormuz, triggering a sharp rally in international oil prices. WTI crude oil surged over 9%, reaching $78 per

Korean energy, shipping, and renewable energy stocks rose on the 14th as Middle East war tensions escalated, with STX Green Logistics surging 29.99% and SK Innovation climbing 7.09%. The rally followed Iran Revolutionary Guard's announcement on the 12th (local time) that it would re-blockade the

According to Hankyung, Iran's Islamic Revolutionary Guard announced on July 12 it would re-close the Strait of Hormuz in response to a U.S. airstrike, causing global crude oil prices to surge. WTI crude futures jumped over 4% to the mid-$70s per barrel on July 14. South Korean energy and shipping s

According to the U.S. Department of Energy, 8.5 million barrels of crude oil passed through the Strait of Hormuz on Sunday (July 12) with U.S. military support, despite weekend clashes with Iran. The department's spokesperson stated that U.S. forces will ensure continuous oil transportation

International gold prices dropped over 2% on the afternoon of July 13 US Eastern Time, with August delivery gold futures falling $111.80 (2.72%) to $4,001.90 per troy ounce on the COMEX exchange as of 2:23 PM. The decline was triggered by the US military's announcement of a full reinstatement of