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Iron Ore Below $100 As UBS Warns "Fundamentals Are Deteriorating"
Iron Ore Below $100 As UBS Warns "Fundamentals Are Deteriorating"
Iron ore futures in Singapore fell to their lowest intraday level in one year as deteriorating fundamentals continued to weigh on the market.
Steel demand in China remains soft amid an ongoing construction slump and weakening mill margins, while supply continues to increase, reinforcing expectations of a growing surplus.
Bloomberg noted earlier that the latest concerns surrounding major physical trader Radiant World added another layer of uncertainty, but the bigger bearish narrative remains centered on lackluster demand failing to absorb rising...
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Apr 15, 2026 / Dave DeCamp
US Bombs Somalia for 54th Time This Year
The US launched another airstrike in Somalia on April 13, US Africa Command said in a press release on Wednesday, as the bombing campaign continues with virtually no US media coverage. AFRICOM said the strike targeted al-Shabaab in the village of Mido, approximately 55 miles northwest of the southern port city of Kismayo in Somalia’s […]
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Jul 15, 2026 / Tyler Durden
US Gasoline Prices Could Top $4 Per Gallon Within Days
US Gasoline Prices Could Top $4 Per Gallon Within Days
After several weeks of reprieve for drivers, the US national average price of gasoline could top $4 per gallon within a week, as crude oil prices rallied by about 12% in the three days since Friday amid the all-but-collapsed U.S.-Iran ceasefire.
The renewed hostilities in the Middle East have fueled a new crude oil price rally this week, while tight fuel markets globally are also pushing US prices at the pump higher, OilPrice notes.
“I've seen enough and believe the national average...
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Jun 1, 2026 / Tyler Durden
Interest In Politics Often Ranks Low
Interest In Politics Often Ranks Low
Interest in politics varies among countries and for many of the 34 nations surveyed by Statista Consumer Insights between April 2025 and March 2026, politics was in the bottom half of the most frequently named personal interests out of 18 surveyed. The topic ranked lowest in India (16 out of 18), Malaysia (16) and Saudi Arabia (16).
As Statista's Anna Fleck shows in the chart below, the share of respondents naming politics as an interest also varied between countries where it ranked similarly.
You will find more infographics...
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