
Copper Slides 4%, Oil Tops $100, Robusta Up 32%, and Hormuz Transit Drops
Escalating Middle East hostilities have choked Strait of Hormuz shipping traffic to seven vessels, catapulting crude oil above $100 per barrel and lifting global coal demand to a record 8.94 billion tonnes as utilities scramble for power generation fuel. Concurrently, copper prices and mining shares dropped over 4% after White House tariff deliberations stalled over domestic inflation concerns, while Russian missile strikes damaged Bunge's Dnipro sunflower oil processing plant and robusta coffee exports surged 32%. https://www.commoditiesinstitute.com FOLLOW US @commoditiesinstitute Instagram - https://www.instagram.com/commoditiesinstitute Facebook - https://www.facebook.com/61584221970761 TikTok - https://www.tiktok.com/@commoditiesinstitute YouTube - https://www.youtube.com/@commoditiesinstitute Listen to the Podcast: Spotify Podcast - https://open.spotify.com/show/6eO2y40mmH5J8boeF0ANjJ Apple Podcast - https://podcasts.apple.com/us/podcast/the-commodities-institute-podcast/id1826784341 Commodities Market Oil Metals News Trading Agriculture Policy Politics Energy