Commodities (Crude Oil & Copper) & Macro Outlook

According to CNBC, a tanker in the Strait of Hormuz was struck by shelling on Saturday (June 28), amid escalating tensions between the U.S. and Iran. The UK Maritime Trade Operations Center reported that a vessel in the strait was hit by an unidentified object, sustaining hull damage, though the

According to U.S. Central Command, Iran-backed drone forces attacked the Panama-flagged tanker M/T Kiku early Saturday morning (June 27), striking the vessel near the Strait of Hormuz. The ship was carrying over 2 million barrels of crude oil. In response, U.S. Central Command forces conducted strik

WTI remains in a corrective decline, with technical projections targeting the $60-$65 support region ahead. Weekly chart structure suggests a C-wave move may be nearing completion after months of weakness. Traders are watching price behavior closely as momentum indicators approach key

According to the Russian Defense Ministry on June 28, Russian forces struck an oil refinery serving Ukrainian military operations near Zaporizhzhia using Kamikaze drones, triggering a large-scale fire.

According to ECB Executive Schnabel, oil prices are expected to remain at elevated levels, with heightened uncertainty persisting in energy markets. Energy shocks pose a particularly severe impact on the eurozone economy, though the magnitude of the current disruption is less severe compared to

According to Britain's Maritime Trade Operations office, the Joint Maritime Information Center raised the security threat level in the Strait of Hormuz from medium to high on June 27, citing the statement carried by China Central

According to the UK Maritime Trade Operations office, a tanker in the Strait of Hormuz region reported being struck by unidentified projectiles on June 27. The vessel's bridge sustained damage, but all crew members are

According to industry sources, Saudi Aramco restarted its Gulf-side crude oil export terminal on June 26 after nearly four months of suspension, resuming loading operations for very large crude carriers.

According to Venezuela's Minister of Oil Paula Enau, petroleum production was unaffected by two consecutive earthquakes that struck the country on June 26.

According to Venezuelan Oil Minister Paula Hernáez on June 26, the country's oil production remains unaffected following recent earthquakes. Hernáez stated that Venezuela's current daily crude output

According to Iran's Mehr News Agency on June 27, officials from Hormozgan Province stated that the attacked Sirik Port is currently operating normally, with port equipment and facilities undamaged.

According to NBC, the Pentagon delayed announcing a U.S. military strike on Iran until after financial markets closed on June 27. The timing of the delayed announcement was intended to minimize immediate market impacts, particularly on oil prices. While the report has sparked political discussion, t

According to reports compiled by Jin10 on June 27, the U.S. military struck Iranian targets in southern Sirch region. Iran's Revolutionary Guards stated they repelled the attack and vowed swift, decisive retaliation. The Iranian military's central command warned that if the U.S. cannot restrain

According to Chief Statistician Yu Weining of China's National Bureau of Statistics, raw materials manufacturing profits surged 83.1% year-over-year in the first five months of 2026. Non-ferrous metals industry profits rose 117.1%, driven by increased demand from emerging sectors including new

According to Huaxia Times, on June 27, Ningde Times' Ganxia Wo lithium mining project will require an extended period to complete land approval, tailings facility construction, and reach full production. Industry experts noted that the mine's progress should not be overestimated; the current

Spot gold and silver prices rose ahead of the North American market open Friday, with spot gold trading near $4,046.20 an ounce (up 0.50%) and spot silver near $58.240 (up 0.84%), as a softer U.S. dollar provided room for metals to rebound. The gains occurred as traders balanced sticky inflation

According to Kitco, spot gold and silver prices rebounded Friday before the North American market open, with gold trading near $4,046.20 per ounce, up 0.50%, and silver near $58.240, up 0.84%, as a softer U.S. dollar provided support. The dollar index traded at 101.22, near its 52-week high of 101.8

According to Reuters, U.S. Assistant Secretary of Energy Audrey Robertson today encouraged the industry to focus on technological innovation, which will transform how the lithium and other critical minerals markets operate. "The way we process lithium today will not be the way we do it in five

According to Rio Tinto Aluminum and Lithium Head Jérôme Pécresse, lithium demand will become more evenly distributed between electric vehicles and energy storage over the next two years. The company plans to increase lithium production capacity

According to Fastmarkets, lithium producers said this week that surging battery energy storage demand is helping offset the slowdown in the electric vehicle market. Fastmarkets CEO Raju Daswani stated that the "period of market over-adjustment has ended" and storage has become "the primary driver of