Crude oil rises to June highs amid renewed US-Iran tensions
Oil prices hit their highest since June as US-Iran conflict escalates, driving risk premium higher.
Oil prices hit their highest since June as US-Iran conflict escalates, driving risk premium higher.
Sugar prices surged nearly 30% in five weeks to 18.15 cents per pound, the highest since April 2025, fueled by supply disruptions and speculative funds.
Gold rebounded from a near-four-week low to trade above $4,400, with technical levels and the upcoming US jobs report in focus.
US escorts 40 tankers carrying 18 million barrels through Strait of Hormuz in a single-day wartime high.
Oil rose to late-July highs after US-Iran strikes and a large crude inventory draw, but resistance at current levels stalled further gains.
The Dutch central bank moved 86 tonnes of gold from the US and Canada to London between March and August, citing geopolitical unrest.
A flood of headlines from Washington on beef, oil, China, AI, bonds, and Japan as officials tout plans but face delivery challenges.
EIA data showed a larger-than-expected crude inventory draw of 4.45M barrels. Crude oil rebounded from $88.97 to $90.05, but remains down on the day.
Coinbase co-founder Fred Ehrsam reportedly seeks control of three Venezuelan oil fields amid US contract reshuffle.
European natural gas prices surged to a three-year high as storage levels fell to a 13-year low, raising winter supply concerns.
Gold futures down over 8% from August peak; dip-buying opportunity conditional on reclaiming 4,360-4,361.
Silver fell after Fed Chair Warsh's hawkish remarks, reversing Treasury gains. Market eyes US CPI data for rate path clues.
Gold extended its decline, breaking below key technical levels amid rising bond yields and geopolitical tensions.
Trump denies urgency for Iran talks, says US pressure is working and the Strait of Hormuz is under control.
US struck two Iranian tankers under new tanker-for-tanker policy to deter Hormuz attacks. About 100 targets hit; Iran's retaliation largely intercepted.