US & Iran Set For New Talks, Trump Says, Hours After Tehran Denied Plans Due To Days Of Hormuz Attacks

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,...

Middle East War Triggers New Global Refining Boom Submitted By Tsvetana Paraskova of OilPrice.com For the second time this decade, a war has upended global oil markets and sent oil prices and refining margins to multi-year highs, benefiting the world’s biggest oil companies and top refiners. The war in Iran has tightened fuel supply as crude oil has struggled to move through the Strait of Hormuz, triggering reduced refining throughput in Asia and a temporary Chinese ban on exports. The fuel markets tightened even more than the crude market to send refining...