Blasts reported on Iran's key oil island as crude tests highs
Reports of explosions on Iran's Kharg Island, a key oil export hub, as WTI crude tests July highs.
08/09/2026 19:012 min read
Commodities
Oil Retreats After Breakout Above June High Fails
Oil rose to $94.37 before falling to $92.30, with a false breakout above the June high. Geopolitical events failed to sustain gains.
08/09/2026 18:225 min read
Jeddah airport said to halt flights as Saudi tensions mount
Reports said flights at Jeddah airport were suspended as Saudi-Houthi clashes intensified and oil prices climbed to $94.73.
08/09/2026 17:139 min read
Brent Crude Tops $100 for First Time in Three Months
Brent crude topped $100 a barrel for the first time in three months after Houthi attacks on Saudi oil sites.
08/09/2026 13:309 min read
Oil surges on Houthi strikes; German trade surplus widens
Oil prices rose 2.66% after Houthi attacks on Saudi energy sites; German trade surplus widened sharply to €21.3 billion in July.
08/09/2026 11:428 min read
Middle East tensions keep oil prices elevated, diesel at record
US gasoline and diesel prices remain high amid Middle East tensions, with oil supply risks and increasing rate-hike expectations globally.
08/09/2026 11:419 min read
Crude oil traders advised to wait for break below 94.14 before shorting
Crude oil traders are advised to wait for a break below 94.14 before shorting.
08/09/2026 09:519 min read
How crude oil prices shape inflation and central bank policy
Oil prices move inflation directly and through expectations, and central banks must judge whether energy shocks require a policy response.
08/09/2026 09:3213 min read
Copper's Record Rally Hinges on US Tariff Decision
Copper hit a record $14,617/ton on the LME as traders await a US tariff decision on refined metal amid supply tightness.
08/09/2026 06:129 min read
China's freeze on Rio Tinto ore purchases seems to be starting; Australian dollar declines
China's CMRG directive to halt Rio Tinto ore negotiations appears to become effective in September, but enforcement unconfirmed; AUD weakens.
08/09/2026 02:4417 min read
Goldman lifts Brent, WTI outlook; $120 oil possible if shipping attacks widen
Goldman Sachs raised its oil price forecasts and flagged a potential rally to $120 per barrel if Middle East shipping attacks intensify.
08/09/2026 00:1114 min read
Oil surges over $1 as Saudi strikes and Iran threat roil markets
Oil gained over $1 as reports of Saudi blasts and Iran's vow to strike energy infrastructure added to supply risk.
07/09/2026 22:5311 min read
UBS backs gold as portfolio hedge despite hawkish Fed repricing
UBS retains a constructive gold view, positioning it as a portfolio hedge against inflation and geopolitical risks, and advises using price dips to build…
07/09/2026 22:3117 min read
AUDUSD Rises to Four-Month High as Copper Sets Fresh Record
AUDUSD climbed to 0.7224, its highest since mid-May, as copper hit a fresh record. The next hurdle is the 0.7221-0.7228 swing area.
07/09/2026 17:0215 min read
LME copper sets new all-time high above $14,530 per tonne
Copper hit a fresh record above $14,530 on the LME as demand, supply, tariffs, and speculation converged.
07/09/2026 15:4322 min read