Oil Prices Crash Nearly 10% as Iran Deal Optimism Sparks Selloff
Oil prices plunged nearly 10% in a single day as easing geopolitical tensions and expectations of a potential Iran agreement triggered a sharp commodity selloff.
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UAE to Exit OPEC and OPEC+
The UAE will exit OPEC and OPEC+ from May 1, aiming to increase oil production and better align with shifting global energy demand.
American Airlines Cuts 2026 Outlook as Fuel Costs Surge
American Airlines lowered its 2026 earnings forecast as rising jet fuel prices significantly increased operating costs.
Condom Prices Could Rise 30% as Iran War Disrupts Supply Chains, Karex Warns
Condom prices could increase by up to 30% as the Iran war drives higher costs and disrupts supply chains, according to global producer Karex.
Oil Falls to $81 as Iran Reopens Strait of Hormuz, U.S. Markets Add $430 Billion
Oil dropped to $81 per barrel after Iran reopened the Strait of Hormuz, while U.S. markets surged, adding roughly $430 billion in market value.
Cocoa Prices Collapse Nearly 80% After Record Highs
Cocoa prices have plunged nearly 60% from 2025 highs, extending losses into 2026. The sharp decline follows a historic rally that peaked in late 2024.
Oil Prices Rebound as Iran Accuses U.S. of Ceasefire Breach
Oil prices resumed gains after Iran accused the U.S. of violating a ceasefire agreement. Renewed tensions are fueling concerns over supply disruptions.
Global Copper Inventories Hit 23-Year High as Supply Surge Accelerates
Global copper inventories have climbed to a 23-year high, surpassing 1.02 million tonnes. The rapid buildup signals shifting dynamics in the commodities market.
Oil Prices Drop After Trump Delays Potential Strikes on Iran Energy Sites
Oil prices fell sharply after President Donald Trump postponed potential U.S. strikes on Iran’s energy infrastructure. The delay eased fears of immediate supply disruptions in the...
Gold Suffers Worst Weekly Drop in Over 40 Years as War and Rates Hit Demand
Gold recorded its steepest weekly decline in more than four decades, falling 11% to $4,488 per ounce. Rising oil prices and expectations of prolonged high interest...