The global aluminum market is confronting what analysts describe as one of the largest base metals supply shocks in the post-2000 era. Missile strikes tied to the ongoing conflict in the Middle East have damaged key Gulf smelters, while the closure of the Strait of Hormuz has created severe logistical bottlenecks. The result: a sharp […]
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Russia is capitalizing on elevated global oil prices triggered by the ongoing Middle East conflict, pushing crude export volumes near 2026 highs while redirecting flows to key Asian buyers—most notably India. According to tanker-tracking data compiled by Bloomberg, Russia’s four-week average crude shipments reached 3.66 million barrels per day (bpd) in the period ending May […]
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ENB Pub Note: This article ran on Andrew Korybko’s SubStack and is worth reading. He brings up some interesting points, and Turkey is out for Turkey and should be watched. The Polish-led “cordon sanitaire” that’s taking shape along Russia’s western borders will connect with the Turkish-led one that’s poised to emerge along its southern […]
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The world is once again staring down the barrel of an energy crisis. With the Strait of Hormuz effectively closed amid escalating tensions from the Iran conflict, global markets are in panic mode over potential disruptions to oil and liquefied natural gas (LNG) supplies. Prices are spiking, supply chains are under threat, and governments are […]
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Stu Turley here from the Energy News Beat Podcast. For years on this show, we’ve been hammering home a core truth: energy policy is destiny. Affordable, reliable, abundant energy drives manufacturing, jobs, investment, and GDP growth. Ideological Net Zero pursuits that ignore reality — spiking costs, killing baseload power, and forcing deindustrialization — deliver the […]
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In a recent appearance on Squawk Box Asia, veteran commodities strategist Jeff Currie (Co-Chairman of Abaxx Markets) delivered a stark warning that resonates deeply with current market dynamics. He described an emerging “rare earth moment” — a qualitative shift where markets have been neglecting the physical world (“atoms”) in favor of financial narratives and tech […]
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In the shadow of ongoing tensions with Iran, threats to the Strait of Hormuz, and high-stakes negotiations, President Donald Trump’s administration is actively pushing to expand the Abraham Accords. Recent statements tie potential deals with Tehran directly to broader normalization between Israel and additional Arab and Muslim-majority countries — including key Gulf states. The strategy […]
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Even the most optimistic reopening of the Strait of Hormuz won’t deliver a quick fix. Physical barrels tell a far harsher story than paper futures. Art Berman (@aeberman12) nailed it in his May 25, 2026, post: There is no clean, modelable “successful reopening” of the Strait of Hormuz. Even in the wildly optimistic scenario, the […]
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In the shadow of the ongoing U.S.-Israeli conflict with Iran — marked by the near-closure of the Strait of Hormuz and the largest oil supply disruption in modern history — Saudi Arabia stands out as a clear winner. While many Gulf producers face sharp production cuts, export halts, and economic contractions, the Kingdom under Crown […]
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The Strait of Hormuz — the world’s most critical oil chokepoint — remains at the center of global energy markets. A promising diplomatic window has opened, but it is far from sealed. Commodity trader and analyst Jack Prandelli captured the moment perfectly in a post today: “Iran’s ‘Hormuz weapon’ is real. But every year it […]
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