This week’s commodity story came in two acts.Act one: Wednesday, April 8th. President Trump announced a two-week ceasefire between the United States and Iran, with Tehran agreeing to reopen the Strait of Hormuz as a condition. Act two: the breakdown. The ceasefire began unraveling almost immediately. Pakistan’s Prime Minister announced it covered all fronts including Lebanon — Trump and Netanyahu disagreed publicly. Iran announced tolls of more than one million dollars per ship through the Strait.
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Commodity Compass - 5/1 - Grains Head Higher on Fertilizer Squeeze; UAE Leave OPEC+
Commodity Compass - 4/24 - Brent Heads Above $100 Once Again; Concerns in Wheat Country
Commodity Compass - 4/18 - The Week that Was Not
Commodity Compass - 4/3 - Historic Inversion with Brent and WTI
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