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economy

Diplomatic progress and Strait reopening collapsed Brent 3.31% following intraday war premium spike
23 Jun 2026 Brent erased an early geopolitical spike to settle lower as verified Strait of Hormuz transit, US-authorised Iranian petrochemical sales, and a 60-day ceasefire extension aggressively deleveraged spot supply risks.
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23 Jun 2026

economy

Commodity Exchange: 23 June 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 23 June 2026 session with the following settlements.
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22 Jun 2026 Brent NYMEX

economy

Iranian transit mandates support Friday Brent uptick amidst 8% weekly ceasefire collapse

Brent secured marginal Friday gains as Iranian maritime transit mandates injected localized risk premium, though the benchmark cemented an 8% weekly collapse following an Israel-Hezbollah ceasefire that threatens to unleash 85 million stranded barrels into an oversupplied 2027 market.
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22 Jun 2026 PET Bottle PET Chip

economy

India extends anti-dumping duty on Chinese PET resin for another five years

India has extended its anti-dumping duty on bottle-grade PET resin from China for a further five years, reinforcing a trade barrier first put in place in 2021 and signalling continued concern over the pricing behaviour of Chinese exporters in one of Asia's fastest-growing packaging markets.
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22 Jun 2026

economy

Commodity Exchange: 22 June 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 22 June 2026 session with the following settlements.
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19 Jun 2026 Brent NYMEX

economy

Diplomatic friction and institutional supply modeling stabilized Brent near $80

Brent crude rebounded near $80 as US warnings to Israel exposed the fragility of the US-Iran ceasefire, while institutional restart models clashed with a forecasted 4.9% collapse in Chinese demand.
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18 Jun 2026 Brent NYMEX

economy

Executive caveats and persistent Levant clashes triggered minor crude rebound beneath eighty-dollar threshold

Oil prices edged up 1% as executive doubts over the finality of the US-Iran accord and a historic 1985 low in US inventories triggered a technical bounce, while IEA warnings of a massive 2027 supply glut capped broader gains.
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18 Jun 2026

economy

EIA: US crude stocks, including SPR, slumped for tenth week to a 40-year low

Total crude inventories, plunged by 17.2 million barrels last week, their lowest level since March 1985 and a drop that has now reached 96.25 million barrels since the start of the Iran war
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