US copper imports reached a 12-year high of over 200,000 tonnes last month, pushing combined Comex and LME inventories above 740,000 tonnes as analysts cite Trump's tariff threat pulling metal from China and global warehouses.
Russian newspaper reviews highlight potential collapse of US-Iran talks, EU divisions over Spain's Ceuta migration crisis, unlikelihood of a new Black Sea grain deal, Japan's defense white paper, and worsening financial prospects for Russian companies.
Iran and Oman continue negotiations for a new safe shipping route in the Strait of Hormuz, balancing sovereignty and security interests, with outcomes pending.
A new study analyzing decades of border inspection records from the US, Canada, and New Zealand reveals that wooden packaging materials, not the cargo itself, are the primary pathway for woodwasp invasions, stressing the importance of international biosecurity regulations.
US and Iranian officials report progress in Oman-mediated talks regarding shipping lanes in the Strait of Hormuz, while broader regional conflicts and security tensions persist.
Shipping volumes through the Strait of Hormuz remain low as data shows only six vessels passed through in 24 hours amid reports of resuming US-Iran negotiations and a cargo ship attack off Oman.
Grab reports 30% faster product shipping, 28% year-on-year increase in rides, and a 22% revenue growth to $997 million, leading to raised full-year revenue and EBITDA outlooks.
Iran's senior advisor warns US warships will be targeted if they enforce a new route in Hormuz; Trump expects talks, Iran denies; cargo vessel hit by unknown projectile near Oman.
Oil prices rose modestly on Tuesday, with Brent at $84.26 and WTI at $80.75, after a 7% drop; markets reacted to Trump’s pause on Iran strikes and ongoing Hormuz Strait tensions.
Iran is negotiating with Oman for a temporary commercial shipping route through the Strait of Hormuz, while its foreign ministry spokesperson denies any talks with the US, despite President Trump's claims and threats of military action. Tensions remain high over the strait's management and a disputed ceasefire agreement.
Experts warn the threat to oil ships in the Middle East is the worst since the Iran war began, following attacks in the Red Sea, an alternative route to the Strait of Hormuz, where traffic has significantly decreased.
Iran claims negotiations with Oman for a temporary Strait of Hormuz shipping route, while US President Trump asserts new talks on ending the war will begin, despite Tehran's denial and Trump's subsequent accusations of duplicity. Oil prices fell after Trump's announcement.
President Donald Trump announced the cancellation of planned U.S. strikes on Iran, citing renewed negotiations and hopes for easing conflict and reopening the Strait of Hormuz. This decision follows a recurring pattern of threats, pauses, and diplomatic efforts in the ongoing five-month conflict.
Iran is discussing a temporary shipping route through the Strait of Hormuz with Oman to resume commercial traffic, according to its foreign ministry spokesperson Esmail Baghaei. Tehran denied US claims of restarting broader talks, emphasizing bilateral negotiations with Oman on the route and future strait management.
Houthi threats have disrupted Red Sea shipping, leading Saudi Arabia to divert crude exports, increase activity at its Yanbu terminal, and some tankers to transit the Bab el-Mandeb Strait with tracking systems off.
Oil prices, including WTI and Brent crude, fell over 6% following US President Trump's announcement of potential talks with Iran to resolve nuclear issues and reopen the Strait of Hormuz. Despite hopes for a diplomatic breakthrough, market uncertainty persists due to ongoing security risks in shipping routes and skepticism about the negotiations' success.
Iran's negotiating team, citing Fars, denies reports of agreeing to reopen the Strait of Hormuz via Qatari mediation, stating the waterway remains closed due to "hostile US actions." This contradicts earlier Israeli TV reports about a US strike cancellation following such a deal.
Logistics giants UPS, FedEx, C.H. Robinson, and DHL are investing millions in temperature-controlled facilities and specialized technology to meet the surging demand for shipping temperature-sensitive pharmaceuticals like GLP-1 drugs, which require precise handling to maintain efficacy.
Ukrainian drones struck three oil refineries in Russia's Bashkortostan and a sanctioned Russian ship in the Black Sea. Concurrently, Russian missile and drone attacks killed at least nine in Kyiv, wounded 33, and damaged infrastructure, including Lithuania's embassy. The Zaporizhzhia nuclear plant also briefly lost off-site power.
US embassies across the Middle East urged American citizens to consider leaving or prepare for departure due to potential "unforeseen escalation" in the intensifying conflict with Iran, citing unpredictable actions and expanded strikes.
China is shifting its growth strategy from exporting goods to exporting factories, technology, and brands globally. This comes as its traditional export model faces limits due to overcapacity and slowing domestic demand, prompting Beijing to seek new growth drivers.
Kyiv suffered ballistic missile attacks, killing 10 and injuring 22, while Donald Trump expressed reluctance on licensing Patriot missile production to Ukraine. President Zelenskyy also urged Trump to facilitate Starlink use for strikes inside Russia. Separately, Ukrainians protested the ouster of the defense minister, and Black Sea grain exports faced threats from drone attacks.
Record low water levels on the Danube and Rhine rivers due to drought and heat have forced nuclear reactor shutdowns in Hungary and Romania, disrupted shipping, and impacted tourism across central and eastern Europe, raising energy crisis concerns.
Kyiv suffered ballistic missile attacks, killing nine and wounding 23 across five districts. Meanwhile, Donald Trump retreated from a promise to let Ukraine produce Patriot interceptors, and Volodymyr Zelenskyy sought his help to secure Elon Musk's Starlink for strikes inside Russia.
