ECB report shows gold surpassed US Treasuries as top global reserve asset in 2025, holding 27% vs. 22%.

Gold has surpassed US bonds as the world's preferred investment, according to the Drudge Report Feed.

Global shipping costs are surging due to a fuel crisis exacerbated by the US-Israel war on Iran, impacting businesses worldwide.

Shipping executives are calling for clear rules to ensure safe passage through the Strait of Hormuz, even after a potential peace deal with Iran.

JetBlue faces rising fuel costs due to the Iran crisis, impacting its financial flexibility and market exposure.

Tasnim news agency reports Iran is halting message exchanges with the U.S. and may block the Strait of Hormuz.

Crude oil prices surged after Iran announced it would halt talks with the U.S. and potentially block the Strait of Hormuz.

Iran is threatening a more severe closure of the Strait of Hormuz, indicating the ongoing crisis may not be ending soon.

Factories face soaring costs and supply shocks due to the Iran war, impacting raw material and finished goods prices.

Analysts predict the Strait of Hormuz disruption will last through year-end, impacting supply even if the waterway reopens.

Analysts informed OPEC+ that supply disruption from the Strait of Hormuz closure will persist through year-end, impacting supply even if reopened.

The article suggests oil prices could climb much higher if the Strait of Hormuz remains closed.

Dynacom Tankers Management stated Trump is doing his best for the world and for shipping.

Iran threatens to close the Bab el-Mandeb Strait, potentially doubling oil prices and causing a global recession.

New analysis suggests the perceived risk of disruption in the Strait of Hormuz has risen from 1% to 10-20%.

Kiwibank warns the RBNZ may overtighten by hiking rates to combat oil-driven inflation, risking further economic damage.

Kuwait is considering expanding its overseas oil storage capacity to ensure supply during Strait of Hormuz disruptions.

Gulf states are exploring oil pipeline options to circumvent the Strait of Hormuz, which has faced disruptions for over three months.

Saudi Arabia, UAE, and Iraq are investing in pipelines, rail, and storage to ensure oil flow despite Strait of Hormuz issues.

Article states that prolonged Strait of Hormuz disruptions could lead to reduced global reliance on Persian Gulf oil.

New article suggests even a peace deal may not quickly resolve Strait of Hormuz disruptions, potentially impacting Kuwait's storage plans.

Iraq's PM has ordered Kurdistan oil companies to resume operations to boost exports amid Strait of Hormuz disruptions.

India and Venezuela are boosting energy ties, with Venezuela viewing India as a preferred partner amid global supply disruptions.

The article discusses the complex process of reopening the Strait of Hormuz, noting that it could take months and involve releasing stockpiled oil.

EU may expand its Red Sea naval mission to the Strait of Hormuz for mine-clearing.

Oil prices climbed amid Middle East tensions, while the FTSE 100 saw a slight decline.

Middle East war drains U.S. oil inventories to lowest since 2004, analysts warn of price spike.

Samples from two Texas calves suspected of having screwworm have been sent for testing, causing market chatter.

Texas samples sent for screwworm testing, with markets rattled by potential outbreak.

Samples from Texas calves are being tested for screwworm, causing market fluctuations and uncertainty.

Tyson Foods stock fell due to concerns over Texas screwworm testing, impacting the company's financial performance.

USDA confirms screwworm may be detected in South Texas; samples sent for testing.

USDA reports a potential New World screwworm case in South Texas, raising concerns for the nation's cattle herd.

Oliver Sloup discusses livestock futures, including hogs extending gains and cattle recovering from lows.

Cattle futures experienced selling pressure, with traders monitoring screwworm cases near the U.S. border.

A presumptive positive screwworm case is suspected in South Texas, with samples sent for testing.

A Trump official stated the screwworm situation is 'fully contained' and poses no threat to the US food supply or safety.

USDA confirms New World screwworm in a Texas calf, posing a new threat to the nation's cattle herd.

Article explains how screwworm in Texas cattle could increase US beef prices due to potential supply reductions.

New screwworm cases in Texas could further increase US beef prices due to a reduced cattle supply.

New World screwworm confirmed in Texas calf, first U.S. case since 1966, threatening cattle herd.

USDA confirms New World screwworm in a single 3-week-old calf in Zavala County, Texas, with larvae found in its umbilical area.

Confirms a 3-week-old calf in La Pryor, Texas, as the screwworm case, located 50 miles from the Mexico border.

Trump administration is racing to prevent the spread of the New World screwworm after the first Texas case since 1966.

New article adds that USDA approved an emergency vaccine for New World Screwworm, potentially buffering its spread.

Article details the economic impact and market reactions to the Texas screwworm confirmation, citing analyst Arlan Suderman.

USDA Secretary Rollins expressed confidence in containing the Texas screwworm case, the first since 1966.

Cattle futures surged after a Texas screwworm case, with USDA confident in containment despite it being an agricultural emergency.

USA Rare Earth has secured up to $1.6 billion in federal CHIPS funding for its processing facility.

USA Rare Earth faces a setback in its effort to secure $1.6 billion in U.S. funding.

Oil prices are approaching $100 per barrel, causing the recent rally in US stocks to stall.

Stocks pulled back from records as oil prices rose toward $100 amid renewed US-Iran tensions.

Oil prices rose Wednesday, nearing $100/barrel, while U.S. stocks pulled back from record highs.

Stocks are near record highs despite an oil supply shock that could persist for months, leaving the market exposed.

US stocks halted their record rally and Asian shares retreated, while oil prices also fell.

Restates earlier reporting on airlines' struggles with jet fuel prices and lack of hedging, adding no new information.

The article reiterates that many airlines struggle with jet fuel price volatility and hedging limitations, as previously reported by IATA.

Many airlines are struggling with jet fuel price volatility, with some unable to hedge their exposure, according to IATA.

New report links prolonged Mideast energy disruption into next year to severe global economic blow.

Airlines are resuming some Middle East routes, but many international carriers still bypass the region, indicating continued disruption.

The new article links the Strait of Hormuz closure to potential US inflation concerns, a new angle not previously covered.

Airline chiefs will discuss Iran war fuel shock, potential profit forecast downgrade, and climate goals at IATA summit.

Coca-Cola CFO John Murphy notes uneven consumer demand and anticipates Middle East risks extending into 2027.

Article details how oil price fluctuations impact various economies, noting some net oil importers face challenges while Latin America, Middle East, and Africa largely benefit.

Iran failed to export crude oil in May due to US blockade, with 80 million barrels stranded, according to UANI.

The article restates that Iran couldn't export crude oil past a US Navy blockade in May, leaving 80 million barrels stranded, according to UANI.

Article states the Strait of Hormuz has been effectively blocked for over three months, impacting oil exports.

A supertanker has docked at Iran's main oil export terminal, the first in nearly a month, indicating the US blockade's effectiveness.

Even with a ceasefire, ships trapped in the Gulf need safety assurances to leave, impacting the shipping industry.

The new article highlights growing strain on the shipping industry due to vessels being stuck in the Strait of Hormuz, disrupting trade.

Iraq has restarted oil production, reaching 1.5-1.6 million bpd, but remains far below pre-war levels.

Kuwait anticipates a 10-12 week recovery for its oil output post-Hormuz reopening, longer than expected.

MCX gold futures rose to Rs 1,54,781 per 10 grams after Iran launched strikes on US bases.

Gold opened flat and silver fell on MCX Wednesday due to Mideast tensions and rising oil prices.

New article suggests hawkish Fed risk weighs on gold due to US-Iran stalemate and elevated oil prices.

Gold fell to $4,444.86 as Middle East tensions escalated and traders awaited US jobs data.

Gold prices held their decline as renewed US-Iran hostilities jeopardized peace talks, keeping energy prices and inflation risks elevated.

Oil prices increased for a third consecutive day due to stalled US-Iran peace talks and renewed fighting in the Persian Gulf.

Oil prices continued to rise for a third day amid conflicting reports about US-Iran peace talks, increasing price volatility.

Gold prices remained stable amid ongoing Middle East conflict and stalled US-Iran negotiations impacting energy markets and inflation.

Gold prices declined as ongoing Middle East conflict creates uncertainty around US-Iran peace talks.

Oil prices climbed for a third day as US-Iran peace talks stalled, increasing pessimism and contributing to price swings.

US and Iran have exchanged fresh strikes amid faltering peace talks.

US forces thwarted Iranian missile attacks on Bahrain and Kuwait, while diplomatic talks remain stalled.

Oil prices extended their gains amid ongoing Middle East hostilities and stalled peace talks, raising supply disruption concerns.

Oil prices rose over 1% as Iran fired missiles at Kuwait and Bahrain, with US crude inventories falling for a seventh week.

New article details US strikes on Iran's Qeshm Island and specific oil price increases.

The yen hit a 34-year low against the dollar, driven by Middle East tensions increasing demand for safe-haven assets.

New article details intense US-Iran fighting in Persian Gulf, testing a fragile ceasefire amid stalled diplomacy.

New article links Middle East conflict and US-Iran talks to gold prices, not yen.

The US and Iran traded fire in the Persian Gulf, stalling peace efforts and potentially impacting currency markets.

New reporting details specific Iranian missile attacks on Bahrain and Kuwait, and US responses, amid stalled talks.

Gold prices eased due to rising oil prices from renewed Middle East hostilities, increasing inflation and rate hike concerns.

New article details US strikes on an oil tanker and downs Iranian drones, adding to earlier reports of Middle East hostilities.

The new article emphasizes ongoing violence in Gaza, Lebanon, and the Persian Gulf, despite ceasefires, keeping the region tense.

Article adds expert commentary on oil prices nearing $100 due to Middle East tensions and Iran's missile launch.

Oil prices and the dollar rose as renewed Middle East hostilities and stalled US-Iran talks intensified, while AI stocks hit record highs.

Article adds that AI optimism is also boosting stock markets, alongside oil price surges due to Mideast missile attacks.

New article highlights that US-Iran attacks could jeopardize the reopening of the Strait of Hormuz.

Copper prices declined from a three-week high due to pessimism about a Middle East war resolution.

Oil prices climbed further due to Middle East tensions and stalled talks, with the IEA warning of critical low global inventories.

US and Iran have intensified attacks as a fragile ceasefire frays and peace talks stall, hardening the regional conflict into a stalemate.

Bonds fell as Middle East tensions pushed oil prices higher, reflecting investor concerns.

Hostilities in the Iran war have intensified, leading to a surge in oil prices as talks reach a stalemate.

US warns Oman to align with US interests or face consequences, citing frustration with Muscat's neutral stance.

Stocks dipped as oil prices rose due to new Iran attacks and stalled US-Iran peace talks.

New analysis suggests a prolonged Iran conflict could significantly tighten global oil supply and impact flows through the Strait of Hormuz.

Wall Street futures paused near record highs as oil climbed due to Middle East tensions and AI stock momentum.

Crude prices surged over 8% this week, nearing $100/barrel amid renewed US/Iran attacks and fears of a ceasefire collapse.

US stocks stalled as Middle East tensions and Iran-US ceasefire strains lifted oil prices for a third day.

Futures dipped as rising oil prices and Middle East tensions weighed on sentiment, despite hopes for a deal.

Trump suggests US naval blockade may last through Labor Day, impacting fuel prices and elections.

US stocks struggled to build on record gains as Middle East tensions lifted oil prices and bond yields.

New article details S&P 500 and Dow poised to open lower due to Middle East tensions and rising oil prices.

The S&P 500 and Dow opened lower on Wednesday due to Middle East conflict and rising oil prices.

European natural gas prices surged due to escalating Middle East hostilities and resulting energy market uncertainty.

Wall Street indexes retreated from record highs, influenced by Middle East conflict and rising oil prices.

US Treasury yields rose due to escalating Middle East tensions and investor concerns about geopolitical instability.

Stocks fell as Middle East conflict escalated, while AI optimism underpinned some markets and traders watched for Japanese currency intervention.

Stocks fell globally and oil neared $100 as Middle East conflict escalated, impacting market sentiment.

Crude oil futures closed at $96.02, up 2.41%, with bullish momentum and technical support reinforcing the upward trend.

Crude futures rose for a third day amid escalating U.S.-Iran tensions and concerns over prolonged oil supply disruptions.

U.S. Treasury yields are climbing due to rising oil prices, influenced by Middle East tensions.

Stocks declined as rising oil prices, driven by US-Iran clashes, heightened inflation concerns and dimmed peace deal prospects.

New article confirms earlier reporting on oil price rise and Middle East hostilities, adding no new information.

Stocks fell and energy shares led gains as renewed Middle East hostilities faded hopes of a quick conflict resolution.

WTI Crude Oil futures reached $97 amid Middle East tensions, with gasoline inventories building.

New EIA report shows a crude oil draw of 7.9 million barrels, bringing total stocks to 433 million barrels, below the five-year average.

Global stocks and Wall Street indexes fell due to Middle East unrest, while oil prices climbed, with Marvell Technology shares rising.

Oil prices held steady after three days of gains as US-Iran clashes diminished hopes for a peace deal that could reopen the Strait of Hormuz.

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Uranium stocks surged, adding to previously noted active trading and investor interest.

Urenco USA plans a nearly 50% expansion of its New Mexico uranium enrichment facility, adding 2.1M SWU capacity by 2032.

Vitol, through representative Tom Baker, estimates around 4 million barrels per day of oil demand destruction.

Vitol's Tom Baker stated that the company expects around 4 million barrels per day of oil demand destruction.

Vitol's Tom Baker suggests the oil market is underpricing risks from the Iran conflict, potentially leading to future price spikes.

Article suggests demand destruction, China's reduced buying, and inventory buffers are preventing oil price spikes despite historic supply disruptions.

The UAE is developing its first multi-fuel pipeline to ensure continued exports of gasoline, diesel, and jet fuel during disruptions.

Adnoc plans a new oil pipeline to bypass the Strait of Hormuz, amid regional tensions.

The UAE is considering an additional refined products pipeline to its east coast, bypassing the Strait of Hormuz.

Iraq plans to triple crude oil exports via Kurdistan to Turkey within three months due to the Strait of Hormuz closure.

Urenco USA plans a multi-billion-dollar investment to increase capacity by almost 50% due to expected surging demand for nuclear reactors.

Urenco USA will build a new uranium enrichment plant to bolster the US nuclear fuel supply chain amid potential Russian import bans.

Urenco USA, the sole US commercial-scale nuclear fuel producer, plans a near 50% capacity increase via a multibillion expansion to counter Russian import reliance.

Nuclear stocks rallied following Urenco USA's announcement of plans to increase uranium production capacity.

Copper (N26) is trading up 1% from its previous close, having traded at 6.62 on June 2 at 12:37 am.

The article notes that institutional net-positioning in copper is near 5-year highs and mentions the Hormuz block's impact on mines.

The article provides links to market intelligence reports from JPM and GSTrader, and a morning email from FusionMarkets.

Article restates that copper positioning is near 5-year highs and Hormuz impacts mines.

The new article clarifies that copper mines are not experiencing significant disruptions despite Hormuz concerns.

Goldman Sachs raised copper forecasts, while HSBC warned of a commodity "super-squeeze" due to supply issues.

China's LNG imports increased in May as buyers prepared for summer demand, reversing a prior decline.

China's LNG recovery may tighten global supply as Europe's LNG deliveries are down 13% year-over-year.

China's LNG import recovery coincides with Europe's winter restocking needs and ongoing Strait of Hormuz disruptions.

The article reports a significant increase in US crude oil imports in May, reaching 7.05 million barrels per day.

China's crude oil imports fell by nearly half in May due to the Iran War, drawing down stockpiles.

Article restates Brent crude futures closing price and rise, adding OpenAI's Altman's stance on IPO timing.

Oil prices rose due to halted US-Iran talks and potential blockades of key shipping routes.

Oil prices surged amid renewed fighting threatening a US-Iran ceasefire, while Wall Street reached all-time highs.

Brent crude prices fell after Trump confirmed ongoing Iran talks, contradicting earlier reports of halted negotiations.

Oil prices reversed earlier declines, with Brent crude for August delivery rising above $95 per barrel.