Commodities (Crude Oil & Copper) & Macro Outlook

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

According to Iraq's State Organization for Marketing of Oil, the country has exported 12 million barrels of crude oil from its southern ports since early June.

Iraq's State Organization for Marketing of Oil has requested Turkey extend the Kirkuk-Ceyhan pipeline agreement by at least one year to allow more time for negotiations on a new accord, the organization's head stated

Qatar has set its official crude oil prices for July delivery, with marine crude at $6.00 per barrel premium to Oman/Dubai average and onshore crude at $6.50 per barrel premium to the same benchmark.

According to CNN, Cushing crude oil inventory fell to 21.6 million barrels on June 12, approaching the industry-recognized operating warning threshold of approximately 20 million barrels. Cushing, located in Oklahoma and serving as the delivery hub for WTI futures, typically holds about 40 million b

According to the UK Maritime Trade Operations, a tanker located approximately six nautical miles east of Oman was struck by an unidentified projectile on June 13. All crew members aboard were reported safe.

According to President Zelensky, Ukraine struck a Russian oil facility in Yaroslavl Oblast and the Azot chemical plant in Tula Oblast overnight on Sunday. Zelensky said the Azot plant is critical to Russia's explosives production. Ukraine also carried out strikes on Russian military logistics

According to Iranian officials, on June 14, Iran agreed not to produce or acquire nuclear weapons and to reopen the Strait of Hormuz to all commercial vessels under a memorandum with the U.S. The U.S. agreed to lift oil sanctions on Iran and release $25 billion in frozen Iranian assets through

Kuwait set its official crude oil export price for shipments to Asia in July at $5.25 per barrel above the Oman/Dubai average benchmark.

Bitcoin is trading around $65K as Q2 data reveals divergence between energy and crypto markets. Oil prices fell over 17% quarter-to-date while Bitcoin corrected just 6.5%, contrasting with Q1 when oil rallied nearly 70% as Bitcoin dropped 22%. Capital flows into oil have cooled relative to Bitcoin,

According to President Volodymyr Zelensky, Ukrainian forces struck a critical Russian oil facility in Yaroslavl region on June 14, a location over 700 kilometers from Ukraine's border.

Bank of America's chief investment strategist Michael Hartnett released a contrarian "peace beneficiary list" as reports suggest the U.S. and Iran may soon reach a peace agreement. According to BofA, the most likely beneficiaries include consumer stocks, real estate investment trusts (REITs),

UK forces intercepted a Russian shadow fleet oil tanker in the English Channel for the first time, Prime Minister Keir Starmer announced on 14 Jun 2026. Royal Marine commandos and National Crime Agency officers boarded the sanctioned vessel Smyrtos during a six-hour operation—the first UK-led

According to Sir Keir Starmer on June 14, UK forces intercepted a Russian shadow fleet oil tanker in the English Channel for the first time, in a six-hour operation led by Royal Marine commandos and National Crime Agency officers. The Ministry of Defence confirmed the vessel, Smyrtos, was boarded a

Pyth Network launched 24/7 indices for metals, oil, and U.S. equities earlier in the week, with early adoption confirmed by Coinbase, Kraken, Dydx, and Nado. The decentralized oracle network also announced that six financial institutions, including Euronext, Fidelity, and Tradeweb, have started

According to Bitcoin.com News, Pyth Network unveiled 24/7 proprietary indices for metals, oil, and U.S. equities earlier this week, with early adopters including Coinbase, Kraken, Dydx, and Nado. The new products provide continuous reference prices for assets that historically traded only during