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09/04/2026
The blockade of the Hormuz Strait has led to supply chain disruption, prompting modern cars to adjust their shipping routes.
Latest
11 m ago
New York gold lost $4730 per ounce, rising 0.95% on the day.
18 m ago
Spot gold fell below $4710 per ounce and rose 0.08% intraday.
20 m ago
According to brokerage firm McGill and Partners, ship owners are reportedly presenting a "significant" demand for insurance coverage to pass through the Strait of Hormuz after the ceasefire between the US and Iran. David Smith, head of the company's maritime business based in London, stated that the increased demand has also led to "noticeable rate adjustments." He added that despite the ceasefire agreement, the situation in the region remains severe, and the Strait of Hormuz is still classified as a high-risk area. Andrew James, Managing Director of the maritime business at Arthur J. Gallagher & Co, said, "The latest ceasefire news is a positive signal that is expected to ease conditions for passage through the Strait of Hormuz and the entire region. It is still in the very early stages, but insurers have already started recognizing the ceasefire and reducing rates for some risks." He added that insurance companies will continue to remain cautious while observing the situation's development.
31 m ago
WTI May crude oil futures closed at $94.41 per barrel. NYMEX May natural gas futures closed at $2.7240 per million British thermal units. NYMEX May gasoline futures closed at $3.0059 per gallon, and NYMEX May heating oil futures closed at $3.8084 per gallon.
32 m ago
In the previous night trading session, the crude oil futures on the Shanghai Futures Exchange fell by 4.41% to 635.10 yuan per barrel. The night trading session for gold on the Shanghai Futures Exchange fell by 0.24%, while silver rose by 1.45%.
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