Just Get Out! Now!

Mercuria, Goldman, JPMorgan See Major Aluminum Market Shock Analysts at Mercuria, the Geneva-based Swiss commodities trading firm, are sounding the alarm on the global aluminum market after severe disruptions in the Gulf region, adding to a growing list of trading desks and research teams warning of a deepening supply shock. "The scale of the supply shock we're seeing in the aluminum market is probably the largest single supply shock a base metals market has suffered in the post-2000 era," Mercuria commodities analyst Nick Snowdon told Reuters on the sidelines of...

Ships Abruptly U-Turn Near Hormuz As Some Shift To Iran-Approved Routes The reopening of the Hormuz chokepoint has proceeded relatively smoothly for weeks, but an overnight development shows that the process remains fragile. At least eight ships attempting to exit the Persian Gulf abruptly reversed course near the critical waterway. Bloomberg cites ship-tracking data showing that the vessels, including oil tankers, product carriers, bulk carriers, and vehicle carriers, were moving toward the strait along the Omani coast before abruptly turning back. Several ships later resumed their transits through the strait by...

Israel’s ceasefires with Lebanon don’t have a great track record, but this weekend’s deal, the latest in a long line, is being touted by Israeli officials as a testament to how great the war has gone for them. Less than two days into the deal, however, strikes are already being reported, and there are deaths […]