A drone-damaged pipeline has knocked out Saudi Arabia's main workaround for the blocked Strait of Hormuz, forcing Aramco to cancel European crude cargoes just as Houthi forces seize the Bab el-Mandeb strait.
Treasury Secretary Scott Bessent plans to meet his Chinese counterpart this weekend as the two governments discuss reducing duties on roughly $30 billion in trade before a Sept. 24 summit.
Freight costs for hauling crude out of the Gulf have surged past all-time highs even as benchmark oil prices eased Wednesday, a widening gap between crude and the cost of shipping it.
Industrial output beat forecasts while retail sales cooled and investment fell further, sharpening the divide between China's factory floor and its households.
The capture of Yemen's Perim Island and a drone strike on a key Saudi pipeline have opened two fronts on the same barrel, even as OPEC+ keeps adding supply.
A delayed Kazatomprom processing plant and rising data-center power demand are keeping the uranium spot price near six-month highs.
Blank sailings are keeping transpacific container rates elevated even as easing port congestion pulls Asia-Europe prices lower.
A rush of U.S.-bound metal ahead of possible tariffs is masking mine outages from Chile to Indonesia that analysts warn could tip the market into an outright deficit.
Riyadh told OPEC its crude production fell to 6.238 million barrels a day in August, undercutting even April's wartime low, as Hormuz tensions and a Houthi blockade choke exports from the Gulf and the Red Sea alike.
The oil major aims to more than double production in its Venezuelan joint ventures to 600,000 barrels a day by 2031, capitalizing on a thaw in U.S.-Venezuela relations.
A weaker dollar snapped bullion's three-day slide, but the bigger driver is a World Gold Council report showing central banks bought gold at the fastest second-quarter pace on record.
Repeated strikes on Saudi Aramco's Jizan refinery and a squeeze on Strait of Hormuz shipping have driven crude to its highest levels since late July, with Goldman Sachs warning prices could top $120 if the disruption persists.
Benchmark copper broke through $14,500 a ton on the London Metal Exchange as anticipated US import tariffs pull metal into American warehouses and mine output falls at Codelco and Freeport-McMoRan.
Escalating US-Iran strikes on oil tankers have pushed war-risk insurance and freight rates to multiples of pre-conflict levels, sending crude to its highest since July.
Brent crude neared $97 a barrel and gasoline hit an all-time Labor Day high after Washington disabled three Iranian tankers and Tehran said it would declare a new restricted zone off the Strait of Hormuz.
Spot gold eased to $4,432 an ounce Friday after a volatile year that has taken the metal from an intraday record above $5,500 to a summer slide and back, with Goldman and J.P. Morgan both lifting price forecasts.
Argentina's president says he will fast-track legislation to punish companies developing the Sea Lion oilfield near the British-held islands, seizing on Trump's wavering support for London.
Renewed U.S.-Iran strikes drove crude nearly 10% higher on the week and pushed U.S. diesel to record prices, as Japan's largest tanker operator warned Hormuz transit may not normalize before year-end.
Arabica prices are near their highest level in months as a deadly Colombian earthquake compounds a supply squeeze already driven by a lagging Brazilian harvest and U.S. tariffs on Brazilian beans.
Bullion is up more than 24% over the past year as investors weigh Middle East risk and growing government debt loads against surging Treasury yields, with central banks still buying at a record pace.
The metal pulled back to $6.44 a pound after touching an all-time high near $6.83, with Chilean output declines and tariff-driven stockpiling still underpinning a historic rally.
A limited-run stainless-steel keg of Heinz ketchup, timed to football season, vanished in minutes and immediately spawned a resale market worth five times face value.
The solar-tracker giant's all-cash purchase of Affordable Wire Management gives it a foothold in the fast-growing battery-storage and datacenter markets it has never served at scale.
The producer group finished unwinding its 1.65-million-barrel voluntary cuts just as renewed U.S.-Iran strikes put fresh risk premium on Gulf shipping.
Bullion fell nearly 3% after Fed Chair Kevin Warsh's hawkish tone jolted a rally that had put gold on pace for its best month since 1999.
Crude is on pace to snap a two-week winning streak while gold hovers just off its highs, with both commodities waiting on the Fed chair's Jackson Hole speech and a still-unresolved standoff with Iran.
The metal is consolidating below $4,700 as traders weigh new Fed Chair Kevin Warsh's cautious early messaging, steady central bank buying and this week's inflation data.
Lawyers for Governor Lisa Cook call the mortgage-fraud allegations behind a second White House removal effort "unfounded and untrue," teeing up a fight over Fed independence weeks before the next rate decision.
WTI drifted toward $80 a barrel and Brent toward $86 as talk of a Strait of Hormuz maritime corridor and softer U.S. sanctions on Iran pulled a geopolitical risk premium out of crude.
Gold touched its highest level in roughly 15 weeks Monday as crude sank toward $85 a barrel — a split that traces to fiscal-policy jitters lifting bullion and new Iran sanctions weighing on oil.
Treasury debt concerns and shifting Fed rate-cut bets have driven the metal to its third straight weekly gain ahead of this week's Jackson Hole symposium.
A last-minute negotiating breakdown has triggered steep new duties on Canadian goods and a retaliatory response set for early September.
Bullion notched a third straight weekly gain after the Treasury moved to double its long-bond buybacks, cooling yields and weakening the dollar.
Brent crude neared $94 a barrel as Washington signaled a harder economic squeeze on Tehran rather than a quick reopening of the Strait of Hormuz.
A softer dollar and falling Treasury yields have pushed bullion up more than 3% this week, with silver, platinum and palladium also higher.
Brent and WTI notched their highest closes since late July after Abu Dhabi said it detected Iranian ballistic missiles and suspended commercial ties with Tehran, keeping Strait of Hormuz shipping constrained.
Brent crude pushed toward $92 a barrel and WTI held near three-week highs after the U.S.-Iran negotiating window over the Strait of Hormuz lapsed without a deal, prompting Iraqi and Chinese shippers to route cargo around the chokepoint.
Bullion held above $4,380 an ounce and Brent crude touched $90 a barrel as fading Fed rate-hike bets and a reignited Iran standoff sent traders into both havens and hedges at once.
Brent crude remains stuck in a high band with the Strait of Hormuz still nearly shut, and traders see little chance of a fast diplomatic fix.
A once-dormant 1930s trade statute is being used for the first time to impose 50% duties on Canadian dairy, alcohol, motor vehicles and dozens of other goods, with no exemption under the USMCA.
The Danish shipping giant more than doubled quarterly profit and lifted its full-year guidance again, as Middle East disruption and strong Chinese exports kept ocean freight rates elevated.
A record U.S. inventory build and fresh demand-growth downgrades from the IEA and OPEC snapped a six-session rally, even as the Strait of Hormuz standoff keeps a floor under prices.
Precious metals extended gains this week as cooler inflation data reduced the odds of a September rate hike, even as an unresolved US-Iran standoff kept oil elevated.
The 2-year note yield topped 4.26% and the 30-year approached 5.28% as oil prices jumped ahead of Wednesday's CPI report, pulling Asian equity futures lower.
The Taiwanese chipmaker's monthly revenue accelerated sharply on AI accelerator demand, even as Seoul deepens its own bet on Samsung and SK Hynix to compete for the same boom.
Bullion is up nearly 8% over the past week alone, with Middle East-driven safe-haven buying compounding bets on a softer Federal Reserve.
WTI crude pushed above $80 a barrel after Houthi militants claimed an attack on a Saudi refinery, while equities cooled off following last week's run to fresh record highs.
Brent crude gained for a second session as Tehran conditioned any reopening of the vital waterway on US sanctions relief and war reparations, keeping a risk premium in the price.
Bullion pulled back from Friday's peak as investors banked profits ahead of Wednesday's CPI report, with the Fed's rate path still the key swing factor.
As AI-driven data center construction strains power grids nationwide, Wisconsin gubernatorial candidate Francesca Hong is campaigning on a moratorium on new projects, putting energy costs and grid capacity at the center of the race.
The deal makes ENEOS the world's third-largest butadiene producer and caps a rapid turnaround for TPC Group, which emerged from bankruptcy less than four years ago.
A proposal barring U.S. and Israeli vessels and demanding compensation payments has stalled negotiations even as Brent crude notched a weekly decline.
The salad chain now expects same-store sales to fall as much as 8% for the year, and shares dropped more than 15% even though it is not implicated in the underlying outbreak.
The new levy targets a material China's producers dominate with roughly 96% of global supply, prompting a sharp rebuke from Beijing's embassy in Washington.
Tehran says a plan to split control of the strait with Oman, complete with transit fees, is in its final stages, but Washington objects and Oman has yet to confirm.
Analysts point to transmission projects in the US, India and Brazil; smelters warn of a concentrate squeeze.