London Stock Exchange Group (LSEG)
May 13, 2026
Inside Commodities
Market ReportCommoditiesEquitiesMacro Economic IndicatorsEnergyMaterials
The report highlights new U.S. sanctions on Iranian oil shipments and a 20-year low in OPEC production caused by the closure of the Strait of Hormuz. It also covers record gold prices boosting Barrick Mining's profits and India's refusal of sanctioned Russian LNG.
Key Takeaways
- 1.U.S. imposes fresh sanctions on entities in Hong Kong, UAE, and Oman for facilitating Iranian oil shipments to China.
- 2.OPEC crude output fell to a 20-year low in April due to the closure of the Strait of Hormuz following the U.S.-Israel war with Iran.
- 3.Barrick Mining reports a massive profit beat on record gold prices ($4,673.5/oz) and announces a $3 billion buyback while pivoting away from high-risk African assets.
Table of Contents
- Top News - Oil
- Top News - Agriculture
- SOYBEAN STATUS QUO
- USDA winter wheat ratings hit 4-year low; corn 57% planted, soy 49% done
- Top News - Metals
- Top News - Carbon & Power
- Top News - Dry Freight
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Authors
Dhanya
Securities
ABXNewmontTata Power
Themes
Geopolitical War ImpactsSanctions EnforcementEnergy Security & Independence
Regions
Middle EastAsia PacificNorth AmericaUnited StatesChinaIran