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/EVENT

Events

Live coverage of the big market-moving stories that run for weeks, such as the third Gulf war, the Strait of Hormuz crisis and the Red Sea. Each event has one page where every related story gathers within minutes of publication, with a "what changed" line for each update, a situation summary refreshed as things develop, the key facts, and how oil, gold and the related stocks have moved since the event began and today. Big events contain smaller ones, each with its own page, so you can follow the whole picture or go into the detail. Below the live coverage are the events that have gathered three or more updates, ordered by their latest development.

AllBreakingDevelopingOngoingFadingResolved
AllCentral BanksForexCommoditiesStocksCryptoMacroGeopolitics
Commodities
CLUSDBZUSD
Breaking
Commodities

Drone Attack on Saudi Shaybah Oil Field Causes Casualties

On October 22, drone attacks claimed by the Houthi group targeted Saudi Arabia's Shaybah oil field and Dammam airport, resulting in multiple casualties including four deaths. Global oil prices climbed above $110 per barrel following the strikes as market concerns grew over energy infrastructure security. While the Houthis reported broader attacks on strategic sites in Riyadh and Yanbu, Saudi authorities confirmed the specific impacts at Shaybah and Dammam.

12 updates·Last update about 2 hours ago
CLUSDBZUSD
Page 1Next
Commodities
HOUSDCLUSDBZUSD
Breaking
Commodities

US North-East Faces Heating Crisis as Oil Prices Hit Record Highs

The US North-East is facing a heating crisis with record oil prices due to the conflict with Iran, prompting a reassessment of natural gas pipeline opposition. A US naval blockade has depleted Iran's offshore crude reserves and caused a $25 billion revenue loss, forcing Chinese refiners to seek alternative suppliers in Brazil and West Africa. Despite increased non-Iranian oil exports under US protection, the IRGC has claimed attacks on several vessels in the Gulf, while Tehran warned of potential strikes against US regional bases.

7 updates·Last update 37 minutes ago
HOUSDCLUSD+1
Resolved
Commodities

Crude Oil Settles Higher at $94.14 Amid Escalating Middle East Tensions

Crude oil prices rose to $94.14, with Brent later surpassing $106 per barrel amid escalating geopolitical tensions in the Middle East. Key drivers included Iranian threats in the Strait of Hormuz, attacks on tankers, and discussions between the U.S. and Israel regarding potential military operations against Iranian targets. Despite White House assurances that no strikes would occur before the U.S. midterms, market concerns were further fueled by a drain in global inventories and OPEC's forecast for stronger demand next year.

3 updates·Last update 8 days ago
Commodities
NDAQBTC
Resolved
Commodities

Brent Oil Prices Rise Following Trump Remarks on Iran Conflict Escalation

Brent crude oil prices rose following statements by U.S. President Donald Trump regarding the scale of the conflict with Iran. On September 28, the President did not rule out additional strikes before the midterm elections, further heightening tensions. In response to these geopolitical concerns, Nasdaq futures and Bitcoin experienced a decline. These market movements reflect the impact of potential military escalation on global financial assets.

3 updates·Last update 24 days ago
NDAQBTC
Commodities
Resolved
Commodities

Brent Volatility: Saudi Pipeline Threats Counter IEA Demand Warnings

Brent crude prices fell to $103 following IEA warnings of global demand destruction due to high fuel costs. Conversely, geopolitical risks surged as Houthi rebels attacked Saudi Arabia's East-West pipeline, forcing a temporary closure and threatening Red Sea shipping routes. Satellite imagery confirmed the total destruction of a key pumping station, while Saudi production hit its lowest level since 1990, counteracting demand concerns with significant supply risks.

3 updates·Last update about 1 month ago
Commodities
MSFTAMZNNVDA
Resolved
Commodities

Gold Prices Drop Over 1.5% Following Strong US Inflation Data

Gold prices dropped by more than 1.5% following stronger-than-expected US inflation data, which bolstered expectations for Federal Reserve interest rate hikes. Meanwhile, Dow futures rose by approximately 300 points ahead of the August CPI report release. Additionally, Brent crude prices retreated from peaks near $110 to remain above $106, offering some relief to the markets.

6 updates·Last update about 1 month ago
MSFTAMZN+6
Resolved
Commodities

Trump Announces Long-Term Venezuela Oil Pact to Refill US Strategic Reserve

The White House and Venezuela’s interim government signed a historic oil accord spanning 25 to 100 years to drive long-term infrastructure investment. U.S. Energy Secretary Chris Wright stated that Venezuelan crude production could double due to new deals with U.S. and foreign energy firms. Additionally, the U.S. is negotiating direct ownership in fields with 90 billion barrels of reserves and has secured a 35% stake in NABEP with a right of first refusal for 80% of its production.

3 updates·Last update about 2 months ago
Commodities
MTAMSYF
Resolved
Commodities

Russia's Orsk Refinery Shuts Down for Months Following Drone Strike

Russia's Orsk oil refinery has shut down completely for up to six months following a Ukrainian drone strike on August 13. The offensive expanded to include strikes on the Ust-Luga port, Savasleyka air base, and the Progress Rocket and Space Center using specialized cruise missiles. President Zelensky noted that these actions target Russia's military and space potential, including electronics vital for war operations. This series of attacks marks a significant disruption to Russia's strategic energy and industrial infrastructure.

4 updates·Last update 2 months ago
MTAMSYF
Resolved
Commodities

Oil Prices Slump on Imminent Deal to Reopen Strait of Hormuz

Oil prices declined significantly following reports of an imminent deal to reopen the Strait of Hormuz. On August 4, Brent crude dropped 4% after comments regarding a temporary shipping arrangement agreed upon by negotiators from Iran and Oman. By August 5, WTI oil tested the $75 level as market participants focused on the ongoing negotiations between the two nations.

3 updates·Last update 2 months ago
BTC
Resolved
Commodities

Hormuz Closure Isolates Gulf LPG Exporters, Reshaping Global Supply Chains

The closure of the Strait of Hormuz due to Iranian attacks has isolated major LPG exporters, including Saudi Arabia, the UAE, and Qatar, disrupting global supply chains. Geopolitical tensions escalated further following a Houthi attack on Saudi Arabia, pushing Brent crude prices above $83 per barrel. Meanwhile, the cryptocurrency market saw Bitcoin rise significantly from $63,000 to stabilize just below the $68,000 level. These events represent a sharp escalation in Middle East tensions, contradicting previous reports of improving regional sentiment.

3 updates·Last update 2 months ago
BTC0R28.L
Resolved
Commodities

Silver Hits $59.00 Level as Markets Weigh Iran Peace Prospects

Silver (XAG/USD) reached the $59.00 level on August 4, driven by cautious optimism regarding peace efforts in Iran. By August 5, the price surged further to revisit monthly highs near $61.00. This upward movement in silver prices coincided with a significant decline in global oil prices as markets weigh geopolitical developments against precious metal forecasts.

3 updates·Last update 3 months ago
XAGUSDXAG/USD
Resolved
Commodities

China Crude Imports Hit Decade Low Amid Hormuz Supply Crisis

China's crude oil imports plunged 41.3% in June to their lowest level since 2016, effectively capping global price hikes despite Middle East supply disruptions. However, imports are expected to recover in July to an average of 7.8 million barrels per day. This projected surge is driven by increased refinery purchases of Russian crude and a higher volume of tanker arrivals from the Middle East.

3 updates·Last update 3 months ago
Resolved
Commodities

Asian LNG Spot Prices Surge 10% Amid Hormuz Shipping Tensions

Asian spot LNG prices surged 10% to $20.2 per mmBtu, while US gas prices topped $4 due to shipping disruptions in the Strait of Hormuz. Oil prices rose sharply amid renewed Middle East conflict, complicating the economic outlook despite cooler-than-expected US inflation data. While soft CPI and PPI data eased immediate Federal Reserve rate-hike fears and lowered bond yields, markets remain wary of rising energy costs.

4 updates·Last update 3 months ago
VG
Commodities
XAGUSDXAG/USD
Resolved
Commodities

Silver Prices Slump Toward $57 Level Amid Middle East Geopolitical Tensions

Silver prices (XAG/USD) fell toward the $57.00 level on July 16, driven by ongoing geopolitical tensions in the Middle East. By July 20, spot silver rose 1.8% to $56.85 an ounce but faced strong resistance at the $57.50 level. Prices were further influenced by Brent crude climbing above $90 a barrel as the US-Iran conflict neared a broader regional war.

3 updates·Last update 3 months ago
XAGUSDXAG/USD
Commodities
XAUUSDXAU/USD
Resolved
Commodities

Gold Price Forecast: Technical Pressure Eyes Downside Below $3,940

Gold price (XAU/USD) remains under bearish momentum as it stays below the 20-day EMA. Analysts suggest further downside potential if the price breaks the technical support level of $3,940. As of July 20, the price is approaching the tip of a technical triangle formation near the $4,000 area.

3 updates·Last update 3 months ago
XAUUSDXAU/USD
Resolved
Commodities

US Strategic Petroleum Reserve Hits Lowest Level Since April 1983

The U.S. Strategic Petroleum Reserve (SPR) saw a consistent decline in crude oil stocks throughout July, starting with a 6.2 million barrel drop to 319.5 million barrels, the lowest level since April 1983. This downward trend continued in the following weeks with additional decreases of 3 million and 5.1 million barrels. By July 20, total stocks reached 311.4 million barrels, marking a significant reduction in the nation's strategic reserves.

3 updates·Last update 3 months ago
Resolved
Commodities

Gold Faces Technical Pressure as 'Death Cross' Pattern Emerges

Gold prices declined early in the week due to a stronger US dollar and high interest rates, further pressured by the emergence of a technical 'Death Cross' pattern. Despite a slight bounce and attempts to hold support levels on Friday, gold ended the week down 2.5%. This performance marks the second consecutive weekly decline for the precious metal.

3 updates·Last update 3 months ago
GOLDXAUUSD
Resolved
Commodities

Gold Reclaims $4,100 Level as Traders Weigh US-Iran Geopolitical Risks

Gold prices recovered to trade above $4,100 on July 10 as traders assessed US-Iran geopolitical risks. By July 15, the market consolidated above $4,000 an ounce despite failing to break through resistance at $4,100. However, gold fell below the $4,000 level on July 17, marking its first daily close below this threshold since November 2025.

3 updates·Last update 3 months ago
XAU/USD
Resolved
Commodities

Gold Prices Slip Amid Growing Uncertainty Over Fed Policy Path

Gold prices initially declined due to uncertainty over Federal Reserve policy decisions before stabilizing as investors awaited meeting minutes. While geopolitical risks in Iran supported gold's safe-haven appeal, prices later leveled off following a rally driven by inflation data. However, Fed official Christopher Waller expressed reservations regarding the anticipated pace of future interest rate cuts.

3 updates·Last update 3 months ago
Resolved
Commodities

Oil and Gas Prices Hold Key Technical Supports Amid Resilient Demand

Oil and natural gas prices maintained key technical support levels throughout July, driven by resilient demand and elevated refinery activity. WTI and Brent crude consistently defended higher support levels, reaching $79.57 and $84.76 respectively by July 14. Meanwhile, natural gas sustained its upward channel structure despite price fluctuations, as U.S. crude inventories remained near minimum operating levels due to firm demand for refined products.

3 updates·Last update 3 months ago
WTIBRENT
Resolved
Commodities

U.S. Natural Gas Era of Low Prices Seen Ending on AI Boom

Wood Mackenzie analysts predict the end of cheap U.S. natural gas by 2035, driven by AI data center demand and LNG export expansion. Despite this long-term outlook, futures prices declined in mid-July due to larger-than-expected inventory builds and cooler weather forecasts. Additionally, planned maintenance at the Freeport LNG facility is expected to reduce both demand and export volumes.

3 updates·Last update 3 months ago
Resolved
Commodities

India Fast-Tracks State Divestments to Offset Oil Price Shock

The Indian government plans to sell stakes in 8 state-owned companies, including major insurers and banks, to raise billions of dollars. This move aims to plug the fiscal gap caused by the oil shock following the closure of the Strait of Hormuz. The government also plans to sell up to a 5.04% stake in Cochin Shipyard through an Offer for Sale. Additionally, India has scrapped import duties on some parts used to make mobile phones and other electronic devices, which previously stood at 5% and 7.5%.

3 updates·Last update 4 months ago
COCHINSHIPAAPL+2
Resolved
Commodities

Iraq pushes OPEC for higher oil output after Hormuz blockade

On June 25, Iraq urged OPEC to allow increased oil production after its exports were severely reduced due to the closure of the Strait of Hormuz from the US-Iran war. On June 26, Iraq's Oil Ministry announced that OPEC had begun gradually restoring Iraq's pre-war production allocations. By June 29, revenue pressures from the economic crisis caused by the Iran war and new oil major investments were driving Iraq's aggressive push for a larger OPEC production quota.

3 updates·Last update 4 months ago
CL
Resolved
Commodities

Iran and Israel Extend Ceasefire, Reopening Strategic Strait of Hormuz

Iran and Israel have signed a 60-day ceasefire extension mediated by the US, leading to the reopening of the Strait of Hormuz for oil flows. Amidst these developments, the IAEA reported on Iran's enriched uranium levels prior to June 2025 air strikes. Additionally, a separate ceasefire agreement between Israel and Hezbollah is set to begin this Friday.

9 updates·Last update 4 months ago