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CENTCOM said US aircraft fired precision-guided munitions at the stern of the cargo ship, disabling its ability to navigate. CENTCOM forces had ordered the crew to evacuate the area designated as the strike zone before the action. The vessel had prev

2026-11-08

CENTCOM said US aircraft fired precision-guided munitions at the stern of the cargo ship, disabling its ability to navigate. CENTCOM forces had ordered the crew to evacuate the area designated as the strike zone before the action. The vessel had previously called at an Iranian port and then attempted to depart the area.

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2026-11-07

Trafigura has aggressively bought spot copper in Asia over the past two weeks, targeting large volumes for November and December delivery. Regional supply tightness and the firm's willingness to pay above competitors have driven Asian spot copper pre

Trafigura has aggressively bought spot copper in Asia over the past two weeks, targeting large volumes for November and December delivery. Regional supply tightness and the firm's willingness to pay above competitors have driven Asian spot copper premiums to record highs as it bid for metal from multiple Asian producers and traders.
2026-11-07

ECB President Lagarde said euro-area headline inflation was 4% in October, above expectations a few months ago but in line with market pricing. The increase is largely energy-driven: energy inflation rose to 20.8% in October from 18.9% in September,

ECB President Lagarde said euro-area headline inflation was 4% in October, above expectations a few months ago but in line with market pricing. The increase is largely energy-driven: energy inflation rose to 20.8% in October from 18.9% in September, reflecting the Middle East conflict and weaker global refining capacity; food inflation also picked up. Core inflation excluding energy, food, alcohol and tobacco remained 2.5%, unchanged from September; services inflation edged up to 3.3% but stayed within its four-month range. Lagarde said detailed breakdowns are not yet available and will be needed to assess whether services inflation stems from energy-intensive sectors such as transport or from broader indirect pass-through. She warned inflation is likely to remain elevated over the coming quarters, and that higher, more persistent inflation raises risks to the ECB’s medium-term target.
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