Energy:
1. Rhine River water levels are dropping, forcing oil barges to reduce cargo capacity.
2. Trump: May discuss suspending gasoline taxes with Congress.
3. Federal Reserve's Logan: Global use of oil and gas may need to be reduced.
4. Australia's major LNG-producing state implements export restrictions; governor says it will not harm the industry.
5. International Energy Agency: Natural gas investment this year will reach a 10-year high, while oil investment may decline for the third consecutive year.
6. US API crude oil inventories for the week ending May 22nd recorded a decrease of 2.819 million barrels, compared to market expectations of a 4.367 million barrel decrease.
7. Data shows that Russian Urals crude oil supplies to Turkey fell to their lowest level in nearly a year and a half in May.
Precious Metals and Mining:
1. Spot gold fell below $4,400 for the first time since March.
2. Zimbabwe announced that it will designate 14 minerals, including lithium and nickel, as "critical minerals," mandating state ownership. Agriculture:
1. Indian rice exports declined due to the conflict in Iran.
Iran Situation:
1. The US and Iran attacked each other's military bases.
2. Iranian media: Four ships were forced to return to port after the Iranian navy fired warning shots.
3. Trump: No country can control the Strait of Hormuz; the US will monitor it.
4. According to Iranian sources, a preliminary informal document of a US-Iran memorandum of understanding has been disclosed; the White House claims it is fabricated.
5. US officials stated that the US has targeted new Iranian targets, including some nuclear facilities, strategic oil facilities, power plants, military command centers, and communication facilities that were already attacked by US airstrikes last June.
