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Commodities news — August 16, 2026

Publications tagged with Commodities published on August 16, 2026 (UTC). This is a fixed calendar-day archive.

2 publications

  1. PoliticsMiddle EastCommodities

    Secret Oil Shipments Through Hormuz Strait Keep Prices Stable

    Middle Eastern oil producers, including the UAE, Iraq, Qatar, and Kuwait, are covertly transporting large volumes of crude through the Strait of Hormuz, helping to maintain global oil prices around $80-90 per barrel despite recent conflicts and attacks on ships. These 'dark' shipments, involving tankers with turned-off transponders and oil transfers in the Gulf of Oman, exceed 4 million barrels per day and help mitigate disruptions in oil exports through the strait. However, the operation carries risks, with 23 Adnoc ships attacked since the start of the war, resulting in casualties and injuries.
    61 sourcesSee all sources
  2. WorldMiddle EastCommodities

    China's Role in Stabilizing Global Oil Market

    China's reduced crude oil imports helped prevent an earlier spike in oil prices, acting as a stabilizer in the global market. Despite initial fears of market collapse due to geopolitical tensions, such as the US-Iran conflict, China's actions helped maintain prices around $40 below their peak. However, inventories are falling, and imports appear to be recovering, which could lead to a tightening crude market if China resumes its previous import levels.
    5 sourcesSee all sources