US Corn Conditions Suffer Sharpest Deterioration In Three Years, Fueling Food Inflation Fear

Key Aluminum Spread In London Hits Biggest Backwardation Since 2007 Aluminum futures in London surged to a four-year high on Monday as President Trump's Strait of Hormuz blockade, set to take effect this morning, threatened to deepen supply chain disruptions across the Gulf region. On top of that, the Gulf's largest aluminum producer declared force majeure on parts of its contract book over the weekend. Aluminum climbed 1.4% to $3,547 per ton on the London Metal Exchange as traders priced in increased shipment disruption risk ahead of President Trump's Hormuz blockade,...

The Trump administration is considering a plan to “punish” NATO countries that the president has deemed “unhelpful” to the US-Israeli war effort against Iran, The Wall Street Journal reported on Wednesday. The potential plan would involve withdrawing US troops from those NATO countries and placing them in the territory of other allies that the administration […]