Today's Commodities Pulse
UK energy bills surge to two‑year high as Europe feels shock from Iran conflict
UK households are set to face their deepest‑unwelcome energy bill increase in two years as wholesale prices climb amid the Iran‑related war. Analysts say the conflict will push household energy costs higher for the first time across Europe.
Also developing:
By the numbers: M Battery Materials acquires graphite assets for $20M
Petronas Posts Lower Annual Profit
Malaysia's national oil company Petronas reported a 2025 profit after tax of MYR 45.4 billion ($11.6 bn), down from MYR 55.1 billion in 2024. The decline reflects lower sales volumes, Brent prices under $70 per barrel, and the divestment of its 74% stake in Engen Group. Production slipped to 2.42 MMboepd, while the firm launched 26 new projects, made 28 final investment decisions and recorded 12 discoveries. Petronas also expanded its LNG footprint with 563 cargoes and a joint venture with Eni, ending the year with MYR 204.4 bn in cash.
Africa Reckons with Oil Price Spike as Iran War Widens
The United States and Israel launched Operation Epic Fury against Iran, triggering a sharp rise in global oil prices. Brent crude surged 13% before settling 8.5% higher, marking its biggest daily jump in nearly three years. The conflict has halted...
Consus Ag Consulting AM Market Brief
Corn, soybeans and wheat opened the month with firm trade but moved to mixed pricing as the night session progressed. Market focus shifted to geopolitics after the United States and Israel launched attacks on Iran, prompting risk‑led buying and sharp...
China Slashes Anti-Dumping Tariff on Canadian Canola Seed
Chinese authorities announced a dramatic cut to the anti‑dumping duty on Canadian canola seed, lowering it to 5.9% from the 75.8% rate imposed in August 2025. Including China’s standard 9% import levy, the effective tariff becomes 14.9%, a figure the...
Israel Pauses Leviathan Gas Production
Israel’s Energy and Infrastructure Minister ordered a security‑driven suspension of production at the offshore Leviathan gas field, prompting Chevron to declare force majeure. The pause halts the field’s 12 billion cubic metres per year output, which supplies Israel, Egypt and Jordan,...
Smart Money Buys Gold When Retail Panics
When everyone was panic selling Gold on 1st Feb, we did the opposite. We clearly said in our Premium Community — “This is not a panic zone. It's a buy-on-dip opportunity.” Nippon Gold Bees: Shared at ₹117, Made a high of ₹142(~21% profit...
Indian Buyers May Find Pistachios, Figs and Raisins Pricey Following Gulf Crisis
Indian buyers are likely to face higher prices for pistachios, figs and raisins as the Gulf crisis shuts key Iranian and Afghan export routes. Pistachio prices have risen about ₹100 per kilogram, while figs are up a similar amount and...
Middle East Tensions Likely Push Rand Lower, Fuel Costs Up
Prolonged tension in the Middle East. Rising oil prices, if sustained, and a weaker Rand. Add the increased fuel levies announced in the budget speech on top of macro concerns, and taking the governor’s conservative nature and the new 3% inflation...
Hedge Funds Ramped up Oil Longs Ahead of Iran Attack
Hedge funds significantly increased long positions in crude oil as tensions between Iran and Israel escalated, anticipating a potential supply shock. Data from the Commodity Futures Trading Commission shows a roughly 15% rise in net long exposure, equivalent to about...
For Oil Prices, It’s The Fear Not The Barrels
The death of Iran’s supreme leader and subsequent missile exchanges have raised alarms about a possible Straits of Hormuz shutdown, which could cut 10‑20 million barrels per day from global supply. Analysts debate the price impact, with some warning that panic...
Oil Threat Spurs Metals Surge, Gold Hits $5,400
After Iran’s strike on a Saudi Aramco refinery, capital is rotating aggressively into metals. Gold has reclaimed $5,400, up 2.22%, adding roughly $1 trillion in market value in just 6 hours. Silver has surged to $96, up 4.32%, adding $250 billion in...
Iranian Drone Strike Shuts Major Saudi Refinery, Raising Oil Risk
Saudi Arabia has reportedly shut down Ras Tanura, one of the world’s largest oil refineries, following an Iranian drone strike. This is not just a regional headline. Ras Tanura is a critical node in global energy supply. Any prolonged disruption could...
European Gas Jumps 25% as Iranian Crisis Threatens Global Flows
European natural‑gas futures surged up to 25% on March 2, marking the steepest rise since August 2023. The spike followed reports that tanker traffic through the Strait of Hormuz—responsible for roughly 20% of global LNG shipments—was largely halted amid escalating Middle‑East fighting....
Iranian Conflict Expands, Fuels Oil Surge and Market Volatility
🚨 IRAN WAR DAY 2 — MONDAY MARKET OPEN 🚨 Day 2 confirms the war is widening, not containing. ~48 Iranian officials confirmed dead including Khamenei. Iran is retaliating across the Gulf — hitting Dubai, Bahrain, Kuwait, Saudi Arabia and targeting...
Resources Top 5: Goldies Glitter as Safe-Haven Status Strengthens
Gold prices surged to nearly US$5,400 an ounce, driven by escalating Middle East tensions, reinforcing the metal's safe‑haven appeal. The rally lifted several junior miners, with Catalina Resources posting a 48‑metre, 2.61 g/t assay that sent its share price up 60%...
Commodity Market Movers Report - Portfolio Update 01.03.2026
The Commodity Market Movers Report released on March 2, 2026 details a new set of long positions across key commodities. The team added half‑position longs in gold, silver and platinum, each capped at 45 basis‑points of risk, and opened a long position in...
Middle East Conflict Sparks Slew of Shipping Charges
Shipping lines are imposing emergency surcharges and rerouting cargo due to heightened security risks in the Middle East, especially around the Strait of Hormuz and the Red Sea. CMA CGM, HapagLloyd and Maersk have announced fees up to US$4,000 per container...
Chinese Domestic Sulphur Prices Surge on Iran Crisis
Chinese domestic sulphur prices jumped to 4,250 yuan per tonne, about $531, marking a roughly 5% increase from late February levels. The rise follows heightened US‑Iran tensions, prompting sellers to lift offers to 4,300 yuan/t in both paper and spot markets. While...
India's LNG Tankers Divert Away From Strait of Hormuz
Escalating tensions in the Strait of Hormuz forced Indian LNG carriers to reroute, leaving only one of Petronet's three captive tankers able to unload at the Dahej terminal. The 138,000 m³ Disha is stalled at Ras Laffan, while Aseem diverted away...
Iran Conflict Spurs Oil, Markets, Crypto, Uranium Opportunities
Thoughts? The Iran war and oil crisis affect your money across four key areas: oil prices and inflation, stock market volatility, cryptocurrency movements, and overlooked opportunities in uranium and energy security stocks.
War‑time Trade Lifts Commodities, S&P Teeters at 6785
Mostly red arrows around the world as weekend Middle East events have the “war time trade” in motion, with silver/gold/oil higher and $SPX futures -70. Key is whether $SPX holds 6780–6790 to keep the upper range intact, or if it...
China’s Oil Buying Spree May Be Running Out of Steam
China’s oil imports reached a record 11.55 million barrels per day in 2025, a 4.4% increase over the prior year, driven by aggressive stockpiling and expanded storage capacity. While the country continues to buy discounted Russian crude and benefits from Saudi...
Brent Climbs, USD Rise Temporary; Real Set to Rally
Brent has jumped to $79 per barrel from $72 on Friday. We're currently getting risk-off price action that's lifting USD, including against commodity exporters like Brazil. But that will fade and the Real will rally like it did after the...
Heating Oil Spikes 15% as Gas Hogs Headlines
While gas prices will get all the attention, it is worth pointing out the near 15% increase in heating oil this morning.
Iran Conflict Creates Opportunity and Risk for Australian Grain
Escalating conflict between Iran, Israel and the United States has forced the Strait of Hormuz shut, pushing crude oil prices up 8‑10% and reverberating through agricultural markets. Higher energy costs raise nitrogen fertilizer prices and boost biofuel demand, tightening grain...
Energy Math, Security, and Geopolitics Drive Transition Solutions
Thanks to Vijay and the whole team @TheEconomist for the invitation to deliver a keynote this morning about challenges—and solutions—facing the energy transition. I focused on energy math, energy security, and energy geopolitics—with today’s oil & gas price spikes top...
Qatar Reports Attack on Ras Laffan LNG Hub
Qatar says Ras Laffan energy complex has been attacked It isn’t clear what part of the facility. But it is home to Qatar’s massive LNG export plant — the world’s biggest
EPS Boosts VLCC Series with Two More Hengli Newbuilds
Eastern Pacific Shipping (EPS) has placed two additional 306,000 dwt VLCC orders with China’s Hengli Shipbuilding, expanding its fleet to ten VLCCs at the yard. The vessels are part of a five‑ship order slated for delivery in 2029‑2030, completing a broader...
Bitcoin Stays Flat Amid Oil Surge and Gold Rise
The markets are open, and yes, there's the shock reaction. Brent Oil: +9% Gold: +2.5% The surprise? #Bitcoin: -0.01% No downwards move on Bitcoin. Zero. https://t.co/fOIgoBaXth
Aussie Gold Miners Gain $7B After US‑Israel Strikes
Top ten Aussie gold miners add approximately $7b of value after US-Israel missile strikes on Iran https://t.co/MIKqSU1r1w
West Asia Conflict May Spike Dal Prices; Rice Exports to Iran at Risk
The ongoing West Asia conflict is expected to push global pulse prices higher, threatening a rise in dal costs for Indian households. India imports roughly 5‑6 million tonnes of pulses from Myanmar, Canada and Africa, leaving the domestic market vulnerable to...
Brent Crude Jumps 7% Amid War‑Driven Price Surge
On the opening of the Intercontinental Exchange Market in London, BRENT CRUDE SURGED. Since the close on Friday, it's up over 7%, trading at $78 / barrel. THE WINDS OF WAR = HIGHER OIL PRICES = MORE AFFORDABILITY PROBLEMS FOR TRUMP. https://t.co/H6nboenO4u
Oil Reclaims Half Gains, Up 6% Amid Uncertainty
Oil has given back about half of the gap higher.. but where will it be tomorrow morning? CL, Brent +6% https://t.co/xc6c5bVP1V
Middle East Conflict Threatens UAE Polymer Export Port
The escalating Middle East conflict sparked a fire at Jabel Ali port, the UAE hub that moves roughly 65 % of GCC polymer exports and 33 % of regional petrochemical cargo. The blaze, caused by debris from an aerial interception, resulted in no...
Middle East Conflict Spikes Oil, Lifts Dollar, Drags Dow
Further to the prior post: A classic initial market reaction to this weekend’s eruption of military conflict in the Middle East: Oil has surged over 10%, the Dollar has strengthened, and Dow futures have opened down some 500 points. #economy #markets #oil...
Hormuz Trade Slows to Trickle as Attacks Continue
The Strait of Hormuz, a vital oil conduit, has seen trade reduced to a trickle after a wave of escalatory attacks. U.S. and Israeli strikes on Iranian targets, followed by Iranian reprisals triggered by the reported assassination of Supreme Leader...
Quick Iran Conflict Could Cap Gold and Oil Gains
US-Israel Invasion of Iran May Cap Crude and Gold - Gold and crude oil may show signs of peaking if the conflict is quick and infrastructure isn't impaired. Both were up about 20% in 2026 before Feb. 28. If typical swift...
Fear Fades, Equities and Crypto Set to Rally
The consensus seems to be that Gold, Silver, and Oil are going to be trending upwards tomorrow. I don't think that it's actually going to happen. The uncertainty was whether or not the U.S. was going to attack Iran, and that was...
Chokepoints Under Pressure: When Geography and Conflict Strain the Arteries of Global Trade
The article highlights how simultaneous geopolitical tensions at the Strait of Hormuz, the Red Sea, and Pakistan’s Arabian Sea threaten global maritime trade. Iranian Revolutionary Guard warnings triggered tanker stand‑offs, navigation interference, and a surge in war‑risk insurance premiums, while...
Brent Climbs 9% and Gold Jumps $120 per Ounce
Update from the set. Brent up 9%, prices up across the futures curve. Gold up by about $120/ounce, also up across the curve https://t.co/UX9X5ChFfK
Crude Jumps 8% As
Not a terribly surprising open. Crude up 8%. SPooz off 1% and USTs up solidly bid but selling into best levels.
Iran Conflict Triggers Tangible Oil & Gas Supply Losses – Production Down, Exports Stranded (Short Video)
The outbreak of armed conflict in Iran has immediately curtailed the country’s oil and gas output, with crude production dropping roughly 15% and gas processing operating at about half capacity. Export pipelines and terminal facilities have been forced to suspend...
Oil Prices Surge: Brent Up 9%, WTI Up 8%
Brent crude oil +9% to $79 WTI crude oil +8% to $72 RBOB gasoline futures +5% to $2.42 https://t.co/Z7uoT3rHYZ
Oil Prices Set to Drop, Fueling Roaring 2020s
YARDENI: “.. in our short-war scenario, oil prices should fall in the coming weeks after a ceasefire .. boosting US consumer spending and benefiting global economies .. The weekend’s Middle East developments make us even more confident in our Roaring...
Estimated $18/Bbl Risk Premium for March 1 Oil Opening
GS: Taking Into Account Estimated Weekend Market Pricing, We Estimate a Risk Premium of Around $18/bbl on the March 1st Oil Market Open https://t.co/vtpc8AfijE
Commodities Surge, Euro Slides: Brace for Volatile Open
IG pricing US Crude up around $10 to $77.26 Gold up around $111 to $5,385 EURUSD down 64 pips to 1.1751 Strap in. This is going to be a wild open.
Kalshi Predicts 95% Chance Oil Hits $73+ Tomorrow
Kalshi prediction markets currently see a 95% likelihood that U.S. crude oil hits at least $73 per barrel or more tomorrow. U.S. crude closed at $67.02 per barrel on Friday https://t.co/CKqpj0YQcp
Oil Spike Threatens Stocks Like 1990s Gulf War
A sharp oil spike to those levels would likely result in a one-variable stock market like we initially saw during the 1990’s Persian Gulf War. Stocks under pressure until oil prices come back down. https://t.co/8DQZhDYXqo
Oil Surge Boosts
The decision tree for tonight - when markets open - follows from oil. In 2022, when Russia invaded Ukraine, oil rose 40%, which drove the Brazilian Real and other commodity exporters in Latin America a lot stronger. It weighed on...
Carbon Markets Near Turning Point; Investors Unprepared
Carbon markets are at an inflection point. Policy momentum. Capital rotation. Tightening supply. Most investors aren’t positioned for what’s next. Read this before the crowd catches on: https://t.co/axCJ40q8bX cc: @LukeAOliver @kraneshares