Commodities (Crude Oil & Copper) & Macro Outlook

According to the International Monetary Fund, while the U.S. and Iran recently agreed to reopen the Strait of Hormuz, energy supply recovery requires time. IMF Chief Kristalina Georgieva stated in a blog post that the global economy has withstood shocks so far, but "commodity prices, inflation, and

On June 15 evening session, China's commodity futures market declined broadly. Propylene fell 3.7% and fuel oil dropped 3.1%, with methanol, bitumen, PTA, plastic, low-sulfur fuel oil, paraxylene, polypropylene, styrene, PET resin, and benzene each declining more than 2%. Meanwhile, cotton yarn and

According to the UK Maritime Trade Operations Office, a tanker reported being fired upon by a small craft approximately 111 nautical miles southeast of Aden on June 15. The incident was confirmed through official maritime safety

According to Leslie Falconio, head of taxable fixed income strategy at UBS Global Wealth Management, falling oil prices following the U.S.-Iran agreement to reopen the Strait of Hormuz are reducing expectations for Federal Reserve rate hikes in 2026. Falconio noted that while two-year Treasury

Bloomberg launched a new electronic trading workflow for Asset-Backed Securities, introducing structured list-based execution tools designed to automate portions of the BWIC and OWIC trading process in the $14 trillion ABS market. The launch addresses persistent reliance on spreadsheets, chat

According to XTB analyst Kathleen Brooks, on June 15, a U.S.-Iran peace agreement aimed at ending Middle East conflict and reopening the Strait of Hormuz has placed downward pressure on oil prices and eased inflation concerns ahead of the Bank of England's rate decision. The BoE is expected to

According to market analysts, tungsten hexafluoride, a key material for semiconductor manufacturing, reached an average price of 1,760 yuan/kg in June, up 236% year-over-year. The price surge is driven by expanded

Brent crude fell 5.5% to $82.46 per barrel during intraday trading on June 15.

According to Nomura strategist Andrew Ticehurst, the Strait of Hormuz is expected to reopen on Friday, June 19. The period leading up to the reopening could be marked by anxiety, while Israeli actions during this timeframe may introduce additional

U.S. stock indices opened higher on June 15, with the Nasdaq rising 2.16%, the S&P 500 gaining 1.3%, and the Dow advancing 1%. The rally was driven by strong performance in storage chip and semiconductor sectors, while energy stocks declined following a U.S.-Iran peace agreement regarding the

President Trump announced that ships are beginning to depart from the Strait of Hormuz, with many carrying oil shipments. According to his statement, vessels are traveling along a southern shipping route that is completely safe, reliable, and unobstructed. He added that other navigation areas are

Trading Technologies announced an agreement with ICE Data Services to integrate ICE fixed income pricing and reference data into TT's new buy-side Fixed Income execution management system. The platform is expected to launch later in 2026, initially focusing on USD Rates products and Credit markets w

According to western maritime authorities, clearing mines from the Hormuz Strait and restoring safe passage could take 40 to 50 days even after the preliminary US-Iran peace agreement on June 15. Sweeping operations using minesweepers and underwater unmanned vehicles may extend for 6 to 7 weeks,

According to Morgan Stanley on June 15, the strategy team led by Michael Wilson said capital could shift from overvalued tech stocks to cyclical sectors including consumer discretionary, transportation, and regional banks as geopolitical risks ease and oil prices decline. The shift reflects

According to Oxford Economics, a U.S.-Iran deal announced on June 15 has lowered the risk of a global economic recession triggered by a sharp surge in energy prices, as reported by Jin10. Analysts Ben May and Bridget Payne stated that while the agreement reduces the risk of prolonged oil inventory d

According to Jin10, the S&P 500 Energy Index fell 4.5%, marking its largest decline since 2025.

According to investment banks cited by BlockBeats on June 15, major financial institutions warn that oil prices may climb back above $90 during the third quarter as global energy markets face prolonged supply chain disruptions. Analysts at ANZ, Westpac, TD Securities, and HSBC Private Banking

According to Mysteel, on June 15, Baltic Sea shipping rates for Brazilian/West African route Handysize vessels carrying iron ore to China fell $0.946 to $34.509 per wet ton, marking the first time below the $35 level since May 1. The decline is attributed to weakening shipment volumes and

According to Iranian officials, the Hormuz Strait entrance and exit remain closed to all vessels as of June 15. Iran's Islamic Revolutionary Guard Corps Navy has not issued any transit permits over the past 96 hours and will maintain the closure until further

According to Bloomberg, Karen Ward, chief market strategist for EMEA at Morgan Asset Management, predicts oil prices will plunge to $70 per barrel in coming weeks, driven by the unfreezing of Iranian assets and weakened OPEC cohesion increasing global oil supply. Ward stated such a price decline