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.
Commodities
Commodities represent the raw materials that power global industry, from energy and metals to agriculture and essential resources. This section brings together coverage of price movements, supply-and-demand shifts, geopolitical pressures, production trends, and market sentiment across the world’s major commodity classes. Whether driven by policy decisions, weather patterns, technological changes, or shifts in global trade, these developments shape economies and markets on a daily basis. Explore how commodities influence everything from inflation to manufacturing and why they remain a vital pillar of the financial system.
Wall Street Embraces ‘NACHO’ Trade as Oil Shock Bets Intensify
Traders are increasingly positioning around the so-called ‘NACHO’ trade, betting disruptions in the Strait of Hormuz and elevated oil prices will persist longer than markets expect.
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.
Condom Prices Could Rise 30% as Iran War Disrupts Supply Chains, Karex Warns
By
Nathan Cole
• 2 mins read
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
By
Nathan Cole
• 2 mins read
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
By
Nathan Cole
• 2 mins read
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
By
Nathan Cole
• 2 mins read
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
By
Nathan Cole
• 2 mins read
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
By
Nathan Cole
• 2 mins read
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 Middle East.
Gold Suffers Worst Weekly Drop in Over 40 Years as War and Rates Hit Demand
By
Nathan Cole
• 3 mins read
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 rates weakened its safe-haven appeal.