The Commodities Feed: Oil shrugs off Bessent’s ‘D-day’ plan for Iran
Oil prices have dipped as markets remain largely indifferent to new US sanctions on Iran, while European natural gas prices are rising due to low storage levels ahead of winter. Copper prices have also seen volatility following inventory withdrawals.
Why it matters
Energy market fluctuations directly impact global inflation and the cost of living for European consumers heading into the heating season.
Commodities daily Share X LinkedIn E-mail Copy link Share X LinkedIn E-mail Copy link Download Oil prices drifted lower yesterday despite renewed US plans to tighten economic pressure on Iran. Meanwhile, anxiety is building in Europe's gas market as storage levels look increasingly fragile heading into the heating season
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