Commodities
Secondary sanctions on Iran will reshape oil flows more than we think
Washington’s new secondary sanctions on Iran could reroute global oil trade, tighten financing and raise the geopolitical risk premium on crude.
Hurricane Lala triggers first U.S. coral reef insurance payout in Hawaii
Parametric policy designed by Willis pays out at least $200,000 after storm damages reefs; Nature Conservancy and partners to allocate funds for emergency restoration.
Karo Platinum secures 25-year mining lease for Zimbabwe PGM project
Tharisa unit gains rights to 23,903 hectares in Zimbabwe’s Great Dyke, with a 2.1-million-ounce platinum reserve and plans to employ 1,000 people in Phase 1.
Europol warns of surge in violent museum heists targeting gold, jewelry
Social media recruitment and rising gold prices fuel a shift toward high-value, low-trace thefts in cultural institutions, Europol reports. Louvre robbery highlights trend.
NexGen expands uranium deposit in Patterson Corridor East by 94 meters
Drilling results at NexGen Energy’s Patterson Corridor East project in Saskatchewan show a 17% increase in high-grade mineralization depth, with two holes exceeding 61,000 counts per second. The company has drilled 20,139 meters of a 42,000-meter 2026 program.
European diesel margins drop over 7% as gasoil-Brent spread narrows
European diesel crack spreads fell more than 7% as the gasoil-Brent premium declined to $70.79 per barrel. August import volumes to the EU and UK rose to 724,000 bpd, with the U.S. supplying over half.
Ukraine grain exports fall 11.4% in latest week as Black Sea blockade persists
Weekly shipments of major grains declined to 188,200 metric tons, with wheat, corn and barley all affected by port disruptions in the Black Sea region.
Silver price seen climbing toward record highs after mid-year slump
Technical analysis suggests the precious metal’s first-half bear market has ended, with a potential double in price if current support holds. Key chart levels and wave counts indicate scope for further gains.
Gold rises to three-month high as Treasury buybacks fuel debasement trade
Bullion gains 14% in August after clearing $4,605 resistance, driven by U.S. Treasury bond buyback expansion rather than physical demand. Analysts warn rally may be vulnerable to narrative shifts.
Hormuz traffic surges 400% but Iran’s oil exports stall amid sanctions
Ships passing through the Strait of Hormuz have risen sharply, yet Iran’s crude shipments to Asia have nearly halted ahead of new U.S. sanctions. Analysts see mixed signals for oil markets.
Fury Gold drills 14.41 g/t gold over 3.92m at Eau Claire
Results from Phase 2 drilling at Fury Gold's Eau Claire project in Quebec's James Bay region show high-grade gold intersections, including 14.41 g/t over 3.92m. Assay work completed on 22 holes totaling 11,423m.
United States Antimony ramps up Montana mining operations
Mining at Stibnite Hill resumes with 42 loads transported in 2026, doubling the pace of the prior campaign as the company advances toward full production.
Brazil’s Vale to explore rare earths as energy transition demand rises
Minister of Mines and Energy says Vale will prioritize large projects beyond iron ore, including critical minerals like rare earths. Regulatory reforms aim to accelerate licensing for new mining ventures.
Iran vows retaliation after U.S. expands sanctions to 60 entities
Tehran condemns new U.S. measures targeting Iranian individuals, vessels and firms as tensions rise over Strait of Hormuz incident. Brent crude edges lower for second day.
Gold slips below $4,700 as US ramps up sanctions pressure on Iran
Futures retreat after failing to hold above key resistance as Treasury targets Tehran’s financial networks. Analyst flags $4,649 as critical support level.
Icelandic Salmon narrows Q2 losses as volumes rise 37.5%
Salmon producer Icelandic Salmon reported a 61% improvement in quarterly EBIT losses despite EUR 2.2 million in biological costs. Harvest volumes increased to 5,500 tonnes as North American and Asian sales expanded.
Icelandic Salmon narrows Q2 loss 61% on higher volumes, pricing
Second-quarter results show EBIT loss reduced to EUR 3.2 million as harvest rose 37.5% and average prices climbed. CEO flags regulatory uncertainty halting expansion plans.
Alpiq acquires 103.5 MW battery storage in Germany
Swiss utility expands European battery storage footprint with Bollingstedt project, its largest to date. Financial terms undisclosed.
Gold rises above $4,650 as dollar weakness fuels bullish momentum
Analysts identify $4,680–$4,720 as the next critical resistance zone after spot gold reached a three-month high. Technical and fundamental factors, including Fed policy expectations and central-bank demand, support the uptrend.
Gunsynd advances Eagle Lake gold drilling program to 1,375 meters
The expanded diamond drilling program at the Eagle Lake Gold Project will begin in early September, following positive Phase 1 channel sampling results. Critical Discoveries and Rodren Drilling will oversee the fully funded and permitted initiative.
Six months into Iran war, nearly half of global oil flows from war zones
Conflict-related disruptions have redirected significant volumes of oil shipments through high-risk regions.
Oil futures rise in Asian trade as WTI tops $85, Brent nears $91
WTI crude for October delivery climbed 0.41% to $85.36 per barrel, while Brent for November gained 0.31% to $90.82 as the dollar index firmed slightly.
U.S. Treasury to expand secondary sanctions on Iran amid Strait of Hormuz tensions
Move targets entities aiding Iran’s energy exports as Washington intensifies economic pressure; announcement set for Monday. Treasury Secretary Bessent to detail campaign framed as 'economic D-Day.'
German machinery sector warns of winter gas shortage risks
VDMA cites low storage levels and high prices as threats to industrial output; government rejects immediate state intervention but prepares contingency plans.