Iran Warns Window for Diplomacy Is Rapidly Closing

HSBC Warns Global Zinc Market Is Flashing Signs Of Tightness HSBC's Global Commodity Team warned Thursday that the zinc market is flashing warning signs of extreme tightness: Global zinc mine supply remains tight: HSBC's Global Commodity Team expects global mine supply to fall 2.1% y-o-y to 12.5mt in 2026, driven mainly by lower production in Latin America. The zinc market is expected to be slightly tight in 2026e, driven by a modest recovery in demand in Europe and North America amid supply disruptions at smelters and mines. Overall, concentrate supply remains tight,...

Indian Airlines Beg Refiners To Delay Jet Fuel Hikes Earlier we reported that after issuing a code red about a month ago, with several airlines warning they may run out of kerosene in weeks if not days, European refiners and airlines have since backtracked on their earlier warnings; instead they now have “almost zero” concerns that jet fuel could run out over summer. That's because, as we explained in "Where To Find The Next Phase Of The Global Energy Shock", where we showed that refiners have ramped up production away from...