US-Iran escalation could threaten 2027 oil market surplus, IEA says
LONDON: An escalation of hostilities between the U.S. and Iran could upend the International Energy Agency's forecast of a significant oil market surplus next year, it said on Friday, as global supply jumped in June when the Strait of Hormuz reopened but still lagged pre-war levels.
Malaysia's palm oil stockpiles up 4.78% to 2.54mil tonnes in June - MPOB
KUALA LUMPUR: Malaysia's palm oil stockpiles rose 4.78 per cent, or 116,123 tonnes, to 2.54 million tonnes in June 2026 from 2.43 million tonnes a month earlier, according to the Malaysian Palm Oil Board (MPOB).
Oil heads for weekly gain as Middle East supply risks persist
NEW DELHI: Oil prices rose on Friday and were set for weekly gains because of renewed fears of supply disruptions from the key Middle East producing region after renewed fighting between the U.S. and Iran this week curtailed shipping in the Strait of Hormuz.
Oil falls 2% as economic fears outweigh supply risks
Oil prices slid about 2% on Thursday on worries that rising inflation and other economic concerns could weigh on global oil demand despite continuing supply constraints as the the US-Iran conflict has delayed full reopening of Strait of Hormuz.
Grains slip on weather relief
US soybean and corn futures declined on Wednesday, retreating from early strength as updated weather forecasts scaled back some of the Midwest heat predicted in previous models, easing fears of crop stress, analysts say.
Trump urged to keep tariff off Brazil coffee
The US coffee industry has asked the Trump administration to keep Brazilian green coffee exempt from tariffs, during a session of public consultation that is reviewing tariffs on Brazilian imports.
Gold rises from one-week low as softer dollar lends support
Gold prices rose on Thursday, after hovering near a near one-week low earlier in the session, as a weaker dollar countered pressure from renewed U.S.-Iran hostilities that prompted concerns about inflation and higher-for-longer interest rates.
Oil hits multi-week high as US-Iran truce falters
Crude oil prices settled nearly 5% higher on Wednesday after US President Donald Trump threatened fresh strikes against Iran, raising concerns that renewed hostilities in the Middle East could put a stop to vessel movements through the Strait of Hormuz.
High CPO prices set for extended run
The current elevated crude palm oil (CPO) prices will be sustained through the second half of financial year 2026 (2H26), supported by tightening supply conditions and resilient demand, says Hong Leong Investment Bank (HLIB) Research.
Gold gains as markets await Fed minutes, US-Iran strikes cap rise
Gold prices edged higher from a near one-week low on Wednesday, as investors looked ahead to minutes of the Federal Reserve's June meeting with renewed inflation concerns from fresh U.S.-Iran strikes capping gains in the precious metal.
