Commodities (Crude Oil & Copper) & Macro Outlook

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

About $150 million in crypto short positions were liquidated as bitcoin reclaimed $65,000 following the U.S.-Iran peace agreement announcement. The liquidations occurred after U.S. President Donald Trump declared the deal 'officially complete' and announced the Strait of Hormuz is now open. The

From 11:15 to 11:30 (UTC) on June 15, 2026, BTC delivered a +0.48% return within 15 minutes. The trading price range was 65,929.8 - 66,382.8 USDT, with a swing of 0.69%. At that time, the Asian and European trading sessions were transitioning, and market volatility noticeably intensified. Bitcoin shifted from the relatively quiet trend in the early Asian session to a rapid rally. The main driver behind this abnormal move was a revision of policy expectations prompted by the upcoming FOMC meeting

According to Jin10, President Macron stated on June 15 that the Strait of Hormuz must reopen without any toll charges. Following the US-Iran agreement, a multinational task force can be deployed to the strait within 2-3 days. The UK, France, Italy, and the Netherlands have prepared to conduct

Michael Burry coined a new trading acronym over the weekend, suggesting Trump's Iran peace agreement could evolve into a 'Killing With Incredible Kindness' (KWIK) strategy. The veteran investor made the comments on his Substack following Sunday's announcement that the U.S. and Iran reached a peace d

Over the weekend on Substack, "The Big Short" investor Michael Burry introduced the KWIK (Killing With Incredible Kindness) concept to describe a potential Trump approach to the U.S.-Iran peace deal announced on Sunday. The agreement, to be officially signed in Switzerland on June 19, marks an end t

According to BlockBeats, the LNG carrier Disha transited the Strait of Hormuz and entered the Gulf of Oman on June 15, according to ship tracking data from maritime information platform MarineTraffic. This marks the first major energy transport vessel to pass through the strategic chokepoint since t

According to Jinshi data on June 15, strategists at Yeanspring Investment Research said that following a temporary peace agreement between the U.S. and Iran, markets have lowered but not fully eliminated expectations for a Federal Reserve rate hike, limiting the dollar's downward movement. Data

According to trade sources, the Abu Dhabi National Oil Company (ADNOC) issued a third tender for the sale of UAE crude oil this month (June 2026).

CME Group announced plans to expand around-the-clock trading for smaller-sized gold and crude oil futures contracts. The expansion includes a new 10-Barrel WTI crude oil contract scheduled to launch on 30 August pending regulatory review, and continuous 24/7 trading for the existing 1-Ounce Gold fut

According to CME Group, the exchange announced plans to expand around-the-clock trading for smaller gold and crude oil futures contracts. The 1-Ounce Gold futures contract will begin continuous 24/7 trading on July 26, while a new 10-Barrel WTI crude oil contract is scheduled to launch on

President Donald Trump announced on June 15, 2026 that the United States and Iran have reached an agreement to end their war, ordering the immediate lifting of the U.S. naval blockade of Iranian ports and the reopening of the Strait of Hormuz. The announcement, made on Trump's 80th birthday,

According to Indian trade officials, India will increase liquefied petroleum gas (LPG) imports from the United States this year. Import data for April and May are expected to show significant growth.

According to FARS, Iran will allow vessels to freely transit the Strait of Hormuz for 60 days under an agreement.

According to CCTV News, President Trump threatened on June 15 to impose 100% tariffs on French wine and champagne unless France cancels its digital tax on U.S. technology companies. Ahead of his trip to attend the G7 summit in France, Trump said he had directly warned French President Macron that

According to Macroeconomic Research chief economist Neil Shearing, energy supply through the Hormuz Strait is expected to recover to approximately 80% of pre-disruption levels by the end of Q3 2026. Oil supply recovery will lag due to tanker repositioning requirements, production facilities

According to Guru Club, London cocoa rose nearly 9% to £3,143 per ton on June 15.

According to Jin10 Futures, warehouse receipts across Shanghai Futures Exchange commodities on June 15 showed mixed movements. Alumina surged 414,821 tonnes, copper increased 4,899 tonnes, aluminum rose 4,570 tonnes, and butadiene rubber climbed 25,250 tonnes. Silver declined 14,456 kg while

According to Jyske Bank, on June 15, despite the U.S.-Iran agreement opening the Strait of Hormuz to shipping and Brent crude prices falling near $80 per barrel, the Danish bank warned that oil production and logistics recovery face "significant challenges." The bank expects crude inventory