Commodities (Crude Oil & Copper) & Macro Outlook

According to BlockBeats, on July 15, President Trump abandoned a proposal to impose 20% tolls on cargo transiting the Strait of Hormuz, reversing the plan within 24 hours of its announcement. Trump stated he would replace the toll scheme with trade and investment agreements from Gulf states,

According to BlockBeats citing sources, CoreWeave is exploring financial derivatives to hedge potential memory and storage chip price declines as of July 15. The AI cloud computing company has signed long-term agreements with memory and storage chipmakers including Micron and SanDisk that include pr

According to Jin10 Data, Iran's Islamic Revolutionary Guard Corps stated on July 15 that the region will not export a single drop of oil and natural gas as long as the United States continues to launch attacks against Iran.

As of July 14, 2026 (UTC), BTC rose approximately 4.27% over the past 24 hours, rebounding from a low of $62,294.7 to around $65,002.6. The latest K-line shows a closing price of $64,864.7, with an intraday gain of +0.17%. The price range was $62,273.7–$64,485.9, with an amplitude of 0.34%. The Order Book displays an extremely bid-dominant pattern, with a buy/sell depth ratio of 46.82, indicating a sharp surge in market attention and continued inflow of risk-hedging funds. The main driver behind

The US Department of Defense announced Tuesday a $25 million investment in ReElement Technologies to expand domestic rare earth and critical mineral refining capacity. The funding supports the Trump administration's initiative to rebuild the US critical minerals supply chain and reduce dependence on

According to foreign reports, the U.S. Department of Defense announced on Tuesday that it is investing $25 million in ReElement Technologies to expand domestic rare earth refining capacity and reduce American reliance on Chinese rare earth processing. The funds will support equipment procurement and

According to BlockBeats, on July 15, Iran's Islamic Revolutionary Guard Corps announced the launch of 'Operation Nasser 2,' claiming the United States has entered a formal state of war. Iran said it has attacked U.S. military targets in Bahrain and Jordan, destroying Patriot radars, naval air

According to Jin10, on July 15, the U.S. is advancing negotiations to reopen the Iraq-Syria oil pipeline, which has been dormant for over 20 years, aiming to bypass the Hormuz Strait and reduce Iran's future influence over global energy supply. Special U.S. envoy Thomas Baraka convened officials an

According to Jin10 Futures, CBOT soybean oil futures fell 0.7% on Tuesday, with the decline primarily driven by crush spread unwinding, as traders liquidated long soybean oil and short soybean meal positions. Improving U.S. soybean crop conditions and moderating temperatures expected in the

According to reports, canola futures on the Intercontinental Exchange (ICE) closed down 1.98% on Tuesday, July 15, erasing all gains from the previous session as the market reversed course. Declines in Chicago soybean futures and European canola prices pressured Canadian canola, though gains in

According to FnGuide, South Korean refiners' second-quarter operating profits are expected to decline from the previous quarter despite international oil prices rising due to tensions in the Strait of Hormuz. Short-term earnings pressure stems from government regulations and timing effects on the re

According to Shanghai Securities Journal, Chinese listed mining companies reported significant profit growth in the first half of 2026, driven by rising volumes and prices of core products. Zijin Mining forecast H1 net profit of 39.1 billion yuan, while Luoyang Molybdenum projected 15.5 billion to 1

Between 22:15 and 22:30 UTC on July 14, 2026, BTC rapidly surged within 15 minutes, with a return of +0.61%. The price ranged from 64,538.5 to 65,100.0 USDT, with an amplification of 0.87%. In the past 24 hours, BTC increased by approximately 3.65%, rebounding from a low of $61,883 to around $64,500, in sync with gold, which also strengthened to $4,013 per ounce; market risk-avoidance sentiment clearly intensified. The main driver behind this unusual movement was the re-escalation of the US-Iran

According to Yonhap Infomax, the U.S. dollar index declined 0.345 points (0.341%) to 100.934 on July 14 afternoon (U.S. Eastern time), after June consumer prices fell 0.4% against expectations of a 0.1% decline. The dollar initially plunged as U.S. 2-year Treasury yields dropped over 10 basis points

Rio Tinto produced 83.49 million tons of Pilbara iron ore in Q2, with shipments reaching 85.30 million tons, exceeding analyst expectations of 83.13 million tons. Copper production for the quarter came in at 213,200 tons. The company maintained full-year guidance, projecting total iron ore sales of

According to the International Maritime Organization, two UAE-flagged oil tankers were attacked in the Strait of Hormuz on the morning of July 14, resulting in 2 deaths and 14 injuries. The two ultra-large crude carriers, operated by Abu Dhabi National Oil Company, were transiting the strait when th

According to Iran's Mehr News Agency, explosions were reported in the eastern waters of Hormuzgan Province and the Strait of Hormuz today.

According to Jin10, WTI crude oil futures for August delivery rose $1.20 to $79.34 per barrel on July 14, up 1.54%, while Brent crude oil futures for September delivery gained $1.43 to $84.73 per barrel, up 1.72%.