Oil industry faces ‘gruesome’ demand shock from Iran crisis
The prospects for a rapid and full reopening of the Strait of Hormuz look bleak
Economic news
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China’s hunt for US tungsten escalates global critical minerals race
Effort has driven up prices and prompted calls to restrict sales of a vital national security resource to overseas buyers
US rice farmers spy a lifeline in crisis-hit Cuba
Opening up of the communist island could result in a ‘big shot in the arm’ for planters in the southern US
Gold replaces US Treasuries as world’s top reserve asset, ECB says
Historic bullion rally boosts metal’s share of reserves to 27% while central banks diversify away from dollar