News

Citi: The base case shows that copper prices are expected to fall moderately to $12,000/ton in the fourth quarter of 2026, affected by headwinds from U.S. tariffs and inventory dynamics.

Italian Prime Minister Meloni: I am very happy to receive US Secretary of State Rubio today. We had a wide-ranging and constructive meeting, during which we discussed a wide range of topics - from bilateral relations between Italy and the United States, to a range of key international matters, including the crisis in the Middle East, freedom of navigation in the Strait of Hormuz, stabilization in Libya, and the peace processes in Lebanon and Ukraine.

India and Canada complete second round of economic agreement negotiations.

Iran Noor News: Iran and US ships continue to clash near Hormuz.

U.S. Agriculture Secretary Rollins: The U.S. has sufficient fertilizer supply, but the focus is on price.

U.S. Agriculture Secretary Rollins: (on fertilizer) We're going to see prices go down.

Barclays: Even in the most optimistic scenario, we believe oil prices may still be too low, as demand remains strong and inventories continue to decline rapidly.

The U.S. Supreme Court in Virginia has ruled that congressional district maps drawn by Democrats for four U.S. House seats held by Republicans are invalid.

Acting U.S. Labor Secretary Sandlin: The Fed should cut interest rates.

European Central Bank President Christine Lagarde: The Eurozone economy started in a more favorable position under the energy shock than before the outbreak of the Russia-Ukraine conflict.

Iranian media Fars News: Sporadic clashes between Iranian armed forces and US ships have occurred in the Strait of Hormuz since about an hour ago.

US military: The US has imposed a mandatory blockade on two Iranian oil tankers.

European Central Bank President Christine Lagarde: The European Central Bank is able to react quickly when necessary.

European Central Bank President Christine Lagarde: As a net importer of energy, the EU also faces the impact of "trade terms taxes" when energy prices soar.

European Central Bank President Christine Lagarde: Rising energy costs have driven up production costs, which may be passed on to consumers.

European Central Bank President Christine Lagarde: The shock to fossil fuel prices directly affects inflation, and retail energy prices immediately reflect this impact.

US military: Two ships that violated the blockade were destroyed within the restricted area of the Gulf of Oman.

US military: Two ships sank in the Gulf of Oman.

British billionaire Chris Hohn's hedge fund TCI sold nearly $8 billion worth of its stake in US software giant Microsoft (MSFT.O), telling investors that artificial intelligence poses a threat to the company's dominant software products.

The CEO of Italy's Edison Group stated that as a European customer of Qatar Energy, the Gulf gas producer expects to resume liquefied natural gas (LNG) supplies within 30 to 45 days once a peace agreement is reached, but the supply will be lower than pre-war levels in Iran.