HIGH
Trade Policy
24h ago
Coal Jumps as Indonesia Tightens Export Curbs
Indonesia has tightened export controls on thermal coal, expected to delay coal shipments from the country. Concurrent supply pressure from the Middle East conflict — including prolonged Strait of Hormuz closure and Qatar's Ras Laffan LNG facility force majeure declaration — has driven thermal coal futures above $150/ton, redirecting Asian and European energy importers toward coal alternatives to Persian Gulf natural gas.
HIGH
Geopolitical
24h ago
European Gas Prices Ease
Israel and Iran agreed to halt mutual attacks following recent escalation, with both nations indicating willingness to resume ceasefire talks — a development reducing immediate war risk in the Persian Gulf. The Strait of Hormuz remains constrained despite the pause, continuing to limit LNG flows (approximately one-fifth of global LNG transits this chokepoint); global supply tightness persists pending broader Middle East ceasefire agreement.
HIGH
Geopolitical
27h ago
Maritime crackdown expands from Hormuz to the Med
US Central Command disabled the Palau-flagged VLCC Marivex in the Gulf of Oman on June 8 after the vessel attempted to breach the US naval blockade of Iran. The escalating US and EU enforcement actions against Iran and shadow fleet operations represent a confirmed chokepoint constraint at the Strait of Hormuz crude oil and LNG export gateway, directly impacting Iran's hydrocarbon logistics and global energy supply chains.