Energy:
1. Barclays: Maintains its 2026 Brent crude average price forecast of $100 per barrel, with risks skewed to the upside.
2. Satellite images show a suspected large oil spill near Iran's Kharg Island.
3. Ukraine attacks a major Russian oil refinery and transportation facilities.
4. Maritime intelligence reports that three Iranian oil tankers have broken through a US blockade.
5. The European Commission issues guidance to EU transport and tourism sectors regarding ongoing fuel supply disruptions.
6. A statement indicates that the Libyan Zawiya refinery has completely shut down due to conflict near its facilities.
7. Citi: Maintains its 3-month crude oil price forecast of $120.
8. Fitch: Expects Brent crude prices to remain between $100 and $110 per barrel from May to July during the Strait of Hormuz blockade, before falling back to $70 per barrel by September.
9. Iranian officials: Oil production continues nationwide; no reports of an oil spill on Kharg Island yet.
10. Saudi Aramco CEO warns that a production loss of 1 billion barrels will slow the oil market recovery.
11. Africa's richest man, Dangote, is considering building a new refinery in Kenya.
Precious Metals and Mining:
1. Indian Prime Minister calls on the public to stop buying gold; jeweler stocks plummet.
2. According to analytics platform Kpler, global coal imports are expected to exceed 464,000 tons in May, marking the third-highest monthly import level on record.
3. From May 4th to May 10th, 2026, Mysteel's global iron ore shipments totaled 28.594 million tons, a decrease of 4.893 million tons compared to the previous month.
Iran Situation:
1. Iran proposes that the US lift sanctions on Iranian oil sales within 30 days.
2. US President Trump: I just read Iran's response. I don't like it. Absolutely unacceptable! 3. Iran reportedly rejected the US proposal.
4. Saudi Arabia and the UAE are still risking transporting crude oil through the Strait of Hormuz.
5. The US military says it fired on two Iranian oil tankers, rendering them incapable of navigation.
Other:
1. Since the outbreak of this round of conflict, urea prices have surged by over 80%, and international fertilizer prices have jumped significantly.
2. The Malaysian Palm Oil Board (MPOB) reported that Malaysia's palm oil production in April was 1,629,801 tons, an increase of 18.37% month-on-month.
