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Oil rebounds sharply after Strait of Hormuz closure sparks fresh crude surge

Oil rebounds sharply after Strait of Hormuz closure sparks fresh crude surge

Oil prices surged as the Strait of Hormuz reportedly closed again, reigniting supply disruption fears. Brent crude futures climbed $6.11 (6.76%) to $96.49 a barrel, while U.S. West Texas Intermediate rose $6.53 (7.79%) to $90.38 by 2327 GMT, reversing earlier declines and boosting sentiment across energy markets.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Gold inches toward fourth straight weekly gain on US Iran peace deal hopes

Gold inches toward fourth straight weekly gain on US Iran peace deal hopes

Gold prices stayed steady and are poised for a fourth weekly gain as hopes for a US-Iran peace deal reduce worries about inflation and interest rates. Optimism also grew after a ceasefire between Lebanon and Israel, with potential US-Iran talks over the weekend. Even with stable US unemployment claims, employers remain cautious amid the ongoing conflict.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Kashmir saffron prices surge past silver varq as GI protection reshapes luxury demand

Kashmir saffron prices surge past silver varq as GI protection reshapes luxury demand

Top-quality Kashmir saffron is now selling at about INR4,950 per 10g—far above silver varq, which is roughly INR800 for the same quantity. Gold leaf remains pricey too, but saffron’s climb is sharper, reaching INR4.9 lakh per kilogram after its geographical indication tag boosted perceived origin and quality.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Oil prices dip as Israel Lebanon ceasefire and US Iran talks raise hopes of stability

Oil prices dip as Israel Lebanon ceasefire and US Iran talks raise hopes of stability

Crude oil prices fell as Middle East tensions eased after a Lebanon Israel ceasefire and the prospect of US Iran talks. President Trump suggested a deal with Iran could be near, following a 10-day truce that reportedly removed a major negotiating obstacle. While analysts warn volatility will persist, they expect prices to stay supported by underlying risk.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Metals surge in 2025 as dollar slides and supply tightens for gold silver platinum copper

Metals surge in 2025 as dollar slides and supply tightens for gold silver platinum copper

Metals are powering through 2025 as tightening supply meets steady industrial demand and a structurally weakening U.S. dollar. Gold, silver, and platinum are getting a boost as safe-haven favorites, while copper, zinc, and aluminium gain momentum from green economy growth. Shrinking inventories and a more dovish Fed keep the metals outlook bullish even as the dollar faces mounting pressures.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Gold jumps 60% since Akshaya Tritiya but Iran worries complicate next year’s gains

Gold jumps 60% since Akshaya Tritiya but Iran worries complicate next year’s gains

Gold has surged nearly 60% since Akshaya Tritiya 2025, but the path to further gains through 2027 looks tougher. Iran-linked geopolitical risk and shifting interest-rate expectations could cap near-term momentum. Still, long-term support appears stronger, driven by sustained central bank buying and rising global debt, keeping gold positioned as a hedge for uncertain times.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Oil prices plunge nearly 10% as Strait of Hormuz stays fully open in ceasefire

Oil prices plunge nearly 10% as Strait of Hormuz stays fully open in ceasefire

Oil prices crashed nearly 10% after Iran said the Strait of Hormuz was completely open during a US-Iran ceasefire. Brent crude and West Texas Intermediate fell sharply as perceived shipping risk eased. While the immediate shock faded, analysts warn volatility could return quickly if tensions flare or communications about access change.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Commodity traders suddenly court Trump as White House ties decide lucrative deals globally

Commodity traders suddenly court Trump as White House ties decide lucrative deals globally

Donald Trump’s administration has pulled commodity dealmaking into the political spotlight, partnering with trading houses for lucrative contracts. For an industry long seen as apolitical, proximity to the White House is becoming a competitive edge. The ripple effects reach global resource flows, pushing firms into uneasy political alignments and reshaping who benefits from supply decisions.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Oil jumps as Middle East fears spike over Strait of Hormuz standoff

Oil jumps as Middle East fears spike over Strait of Hormuz standoff

Oil prices surged as tensions in the Middle East intensified, with Iran releasing footage of commandos boarding a cargo ship in the Strait of Hormuz. Reports of forces engaging hostile targets added to fears of renewed conflict. Analysts warn that a breakdown in U.S.-Iran talks could push prices to fresh yearly highs, tightening global inventories.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Silver futures tumble Rs 2,577 to Rs 2.38 lakh per kg as demand fades

Silver futures tumble Rs 2,577 to Rs 2.38 lakh per kg as demand fades

Silver prices fell sharply by Rs 2,577 to Rs 2.38 lakh per kilogram in national capital futures trading on Friday. The drop was linked to weak market trends and subdued demand from investors, suggesting cautious sentiment despite earlier volatility in commodities. Traders will now watch whether buying interest returns to halt the slide.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Rice prices in Asia surge as Iran war fallout hits Thai farming costs fast

Rice prices in Asia surge as Iran war fallout hits Thai farming costs fast

Thai rice prices have recorded their sharpest jump in over two years, as rising fuel and fertilizer costs tied to the Iran conflict squeeze farm economics. Even if tensions ease, experts expect higher input costs to linger, raising the risk of weaker rice output later. The ripple effect could tighten rice supplies across parts of Asia and lift food prices.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Iran war sparks 40% plastic price jump hitting everyday bottled water costs

Iran war sparks 40% plastic price jump hitting everyday bottled water costs

The Iran conflict has driven plastic prices up by about 40%, raising costs for common items like bottled water. As manufacturers absorb some impact and pass the rest downstream, consumers feel the pinch through higher prices. Analysts suggest the rise could cool within four to six months if peace returns, offering a potential path back to normal costs.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Iran war fallout drains 500 million barrels and nearly 50 billion dollars from global oil markets

Iran war fallout drains 500 million barrels and nearly 50 billion dollars from global oil markets

Since the Iran conflict began, global oil markets have shed over 500 million barrels, translating to nearly $50 billion in value. Disrupted supplies across the Gulf have tightened inventories and cut exports sharply. Even with partial ceasefire signals and renewed activity near the Strait of Hormuz, analysts warn recovery will be slow, with lasting shocks to energy pricing and trade flows.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Gold faces a weekly slide as oil surges stoke inflation fears and higher rate bets

Gold faces a weekly slide as oil surges stoke inflation fears and higher rate bets

Gold stayed steady on Friday, but traders are bracing for a weekly drop as oil prices surge. The jump is linked to stalled U.S.-Iran peace talks, reviving inflation worries and increasing expectations that interest rates may stay higher for longer. With energy costs rising, factories face steeper expenses while broader economic activity weakens.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Oil prices slip as hopes for US Iran deal calm supply fears

Oil prices slip as hopes for US Iran deal calm supply fears

Oil prices edged lower as investors leaned into optimism that a potential US-Iran deal could ease supply-disruption fears. That improving outlook weighed more heavily than worries from other ongoing geopolitical tensions, helping sentiment turn cautious but not panicked. The move signals markets are reacting faster to deal expectations than to disruption headlines for now.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Real oil price under Iran crisis diverges sharply from what markets show

Real oil price under Iran crisis diverges sharply from what markets show

An Iran crisis is exposing a gap between “paper” oil prices and the cost of actually buying barrels. Futures markets price in expectations of eventual calm, but physical markets are reacting to immediate scarcity. Disrupted shipping and higher freight costs are inflating spot prices, creating big global disparities that traders and consumers feel right away.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Oil prices stay cool as storage swells despite Iran conflict tensions

Oil prices stay cool as storage swells despite Iran conflict tensions

Despite Iran conflict tensions, oil prices have not surged as many expected. Traders are watching inventories: rising storage levels are taking the heat out of the market by signaling ample supply. Instead of geopolitics driving immediate gains, the risk now is that crowded tanks could pressure prices further as traders anticipate how demand and shipments evolve.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
AI frenzy ignores copper the strategic metal powering data centers EVs and renewables

AI frenzy ignores copper the strategic metal powering data centers EVs and renewables

As markets chase AI giants, copper is quietly emerging as the critical infrastructure behind the digital and green transition. Data centers, electric vehicles, and renewables all need rising copper supply, while global production remains constrained. The result: copper may be a powerful, undervalued enabler of future growth—potentially where returns are hiding.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Traders pivot to commodities as equity momentum stalls and gold and silver hit records

Traders pivot to commodities as equity momentum stalls and gold and silver hit records

After equity momentum faltered, traders are shifting attention to commodity derivatives. With gold and silver climbing to record highs, MSCI India lagging global peers, and foreign investors moving out, brokers are adjusting offerings to capture the new flow. What was once seen as too volatile is now drawing fresh wagers as equities stall.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Oil slides on fresh hopes of Middle East talks and a safer Hormuz for supply

Oil slides on fresh hopes of Middle East talks and a safer Hormuz for supply

Oil prices fell as expectations grew that Middle East tensions could ease. A ceasefire between Lebanon and Israel is in effect, while Donald Trump hinted at possible talks with Iran. Traders are watching whether diplomacy reduces the risk to global shipments, especially after analysts cited major disruptions from the Strait of Hormuz closure.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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