Economy
Renewed restrictions by Iran in the Strait of Hormuz are intensifying pressure on global commodity markets and accelerating gains in copper and silver prices. The measures follow an escalation in tensions with the United States, including a naval blockade on Iranian ports that took effect on April 13.......
The war in Iran is reshaping global metal supply chains and forcing major producers to overhaul logistics. Nornickel, the world’s largest palladium producer and a key supplier of nickel and copper, has redirected all maritime shipments away from the Suez Canal. The company now routes exports around......
The Canton Fair opened in Guangzhou with record scale, bringing together more than 32,000 companies and over 210,000 registered foreign buyers. The event reflects strong global trade interest, yet it unfolds under the shadow of a prolonged conflict involving the United States, Israel, and Iran. The war......
European electricity prices have fallen below levels seen before the Middle East conflict, driven by a combination of expanding renewable energy output and a sharp decline in natural gas prices. The drop accelerated after Iran announced the reopening of the Strait of Hormuz, easing concerns over energy......
Aluminum prices declined on Friday after Iran announced the reopening of the Strait of Hormuz to commercial traffic, easing supply concerns that had driven the metal to a four year high. The statement followed a 10 day ceasefire linked to tensions between Israel and Lebanon, triggering a broader pullback......
European Union foreign ministers are preparing to endorse an accelerated transition toward clean energy in response to the fuel market disruption triggered by the war involving Iran and the closure of the Strait of Hormuz. A draft of the conclusions frames the current crisis as a catalyst to reduce dependence......
Arthur Hayes has warned that cryptocurrency markets have entered a “no trade zone,” urging investors to stay on the sidelines until central banks, led by the Federal Reserve, begin injecting liquidity into the global economy. Writing in a recent essay, Hayes said his fund made no trades in......
European natural gas prices moved higher on Thursday as markets weighed uncertainty around ongoing diplomatic efforts between the United States and Iran, with a fragile ceasefire set to expire within days. The benchmark Dutch TTF contract climbed about 2 percent on April 16 to roughly 42.24 euros per......
A potential escalation of conflict involving Iran could drive an additional 60 million people into acute food insecurity, according to World Bank chief economist Indermit Gill. The warning comes as global economic shocks from the conflict begin to ripple across energy, agriculture, and trade systems. Gill......
Europe will face elevated natural gas prices for years, even under the most optimistic scenario, the EU’s energy chief has warned, citing extensive damage to production infrastructure in the Gulf during the war involving Iran. The disruption has already tightened global supply and driven sharp......
A fire at a major Australian refinery has intensified fuel supply pressures across Asia, as regional markets already strain under disruptions linked to the Middle East conflict. At the same time, Japanese refiners are resorting to complex offshore oil transfers to secure crude supplies while avoiding......
Asian stock markets rose sharply on Thursday as investors reacted to renewed expectations of diplomatic progress between the United States and Iran. The surge pushed Japan’s benchmark Nikkei 225 beyond its previous closing record during intraday trading, reflecting growing confidence across regional......
The closure of the Strait of Hormuz, triggered by the war involving the United States, Iran, and Israel, was expected to drive a surge in coal use. Instead, new data shows global fossil fuel electricity generation declined in March as renewable energy absorbed the shock. Analysis from the Centre for......
