Iran Hormuz restrictions drive copper and silver price surge

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.......

Nornickel reroutes shipments via Africa as Iran war disrupts metals trade

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......

Energy shock from Iran war shifts western orders back to China

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 power prices drop below pre war levels on renewable surge

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......

Bitcoin falls below 74000 after failing to hold key resistance

Bitcoin slipped back below 74,000 dollars after failing to sustain momentum above the 75,000 to 76,000 dollar resistance zone, erasing most of its midweek gains and weakening sentiment across crypto markets. The asset traded near 73,900 dollars on Friday, reflecting renewed selling pressure after a brief......

Aluminum prices fall after Iran reopens Hormuz to shipping

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......

Arthur Hayes calls crypto a no trade zone amid war and ai risks

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......

Oil prices fall 5 percent as hopes rise for easing tensions in the Middle East

Global oil prices declined sharply on Friday, falling by around 5 percent as markets reacted to growing expectations of easing geopolitical tensions in the Middle East. Benchmark crude prices dropped below the symbolic $100 per barrel level, reflecting a shift in investor sentiment. Brent crude and......

European gas prices rise as Iran ceasefire deadline nears

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......

Warnings grow over gradual erosion of US dollar global dominance

A group of senior policymakers and economists has renewed concerns about the long-term strength of the US dollar as the world’s primary reserve currency, pointing to shifting capital flows, policy risks, and weakening global confidence. Janet Yellen, speaking at an investment summit hosted by......

Oil giants set to gain $234 billion windfall from war driven prices

The world’s largest oil and gas companies, along with major producing states, are on track to generate an additional $234 billion in profits by the end of 2026 if crude prices remain around $100 per barrel. The projection, based on data from Rystad Energy, reflects how the conflict linked to Iran......

EU warns gas prices will stay high for years after war damage

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......

Bny reports higher profit driven by strong fees and interest income growth

The Bank of New York Mellon (BNY) reported an increase in first-quarter profit on Thursday, supported by strong fee income and higher interest revenues, according to its latest financial statement. As the world’s largest custodian bank, BNY benefits significantly from managing and safeguarding......

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