Commodities (Crude Oil & Copper) & Macro Outlook

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) spot prices rose to 171,400 yuan/ton in early trading on June 15, up 250 yuan/ton from the previous trading day's 4:30 PM close.

According to WSJ economics reporter Nick Timiraos, Federal Reserve Chair Kevin Warsh chaired his first FOMC meeting on June 15, with markets closely watching his communication approach as the central bank faces limited policy options. Iran-related energy price increases have kept inflation

According to Jin10, on June 15, traders cut expectations for a Federal Reserve rate hike within December to approximately 60% from about 80% the prior week, following an agreement to end the Iran conflict. U.S. Treasury yields across all maturities fell, with short-term bonds—most sensitive to

U.S. President Trump announced on Truth Social that the Strait of Hormuz would be fully opened after authorizing it, and immediately lifted the U.S. Navy blockade, about half an hour before the start of U.S. futures trading on June 15. Iranian President Masoud Pezeshkian confirmed on X that an agreement has been reached. After the news was released, Dow Industrial Index futures rose by 267 points, Nasdaq 100 Index futures rose by 1.26%, Brent crude oil fell by about 4%, and WTI crude oil fell by

According to Citi's latest research report published on June 15, AI server demand for PCB is shifting from volume growth to material upgrades, with supply bottlenecks moving upstream from PCB manufacturers to copper-clad laminate and electronic cloth suppliers. Citi noted that PCB capacity is

According to Guru Club, on June 15, crude oil dropped over 7% at the opening of China's commodity futures markets, while Shanghai silver surged over 7%. Fuel oil fell over 6%, liquefied petroleum gas declined over 5%, and methanol, PTA, and asphalt each dropped over 4%. Tin and palladium gained over

According to Guru Club, fuel oil futures fell 8% intraday on June 15, trading at 3,382 yuan per ton.

U.S. President Trump announced on Truth Social on June 14 (Sunday) local time in Washington that the agreement with Iran has been completed. Pakistan, the mediator, confirmed that the agreement will be signed in Switzerland on June 19, with all military actions immediately and permanently halted across all fronts. Trump confirmed that the Strait of Hormuz will reopen on Friday. After the news was released, Bitcoin surged to as high as $65,546.29, with a single-day gain of 1.77%. Key Terms of the

U.S. President Trump authorized the toll-free reopening of the Strait of Hormuz and lifted the U.S. naval blockade on June 14, 2026, declaring the Iran deal complete via Truth Social. The announcement followed months of conflict that began with coordinated U.S.-Israel strikes on Iranian sites on

According to Bloomberg, Australian liquefied natural gas exporter Woodside Energy said on June 15 it has not held discussions with ExxonMobil regarding a potential acquisition and is unaware of any impending takeover offer from the U.S. energy giant. The statement follows reports that ExxonMobil

According to ATFX's chief market strategist Nick Twieda, via Jin10, oil prices are unlikely to return to $70 soon. Twieda noted that uncertainty remains regarding when the strait will truly reopen and how long oil flow normalization will take, stating the process will require months rather than

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

According to Christina Clifton, senior currency strategist at Commonwealth Bank of Australia's Sydney office, energy prices will not fall back to pre-war levels for an extended period, despite the reopening of the Strait of Hormuz. While the reopening is beneficial for the global economy, the full r

According to Guru Club, the LNG tanker Disha, stuck in the Persian Gulf for over three months, is now heading toward the Strait of Hormuz as of June 15. The vessel loaded liquefied natural gas from Qatar's Ras Laffan facility around March 1 and had been unable to depart until now. The movement

According to Jin10 Futures, as of the week ending June 12, 2026, CBOT soybean oil futures fell for a second consecutive week, with the benchmark contract down 1.61%. The decline was primarily driven by a sharp drop in international crude oil futures. Favorable weather conditions in the U.S.

According to Jin10 Data and South Korea Customs Service, South Korea imported zero barrels of crude oil from Iran in May, marking a significant shift in trade patterns. The world's fifth-largest crude oil importer received 9.7 million tons of crude oil in May, down 23% from 12.6 million tons in

According to Guru Club, on Monday early Asia-Pacific trading (June 15), WTI crude futures fell 3.10% to $82.25 per barrel. The decline came as U.S. President Trump announced on social media that a formal peace agreement with Iran had been reached and the Strait of Hormuz was now open. Meanwhile, U.

WTI crude oil fell 5.00% intraday on June 14, trading at $80.58 per barrel.

An advisor to Iran's supreme leader warned on June 14 that if Israeli actions in Lebanon do not stop, Iran could restrict shipping through the Strait of Hormuz and the Strait of Bab el-Mandeb, describing the chokepoints as critical to global economic supply

According to Rapidan Energy President Bob McNally, reported by Jin10 on June 15, oil prices are likely to remain elevated through the end of summer even if the Strait of Hormuz reopens soon. McNally warned that global oil market buffers, including U.S. strategic reserves, are depleting