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US President Trump said oil prices will fall "like a rock" in the near future.

2026-06-02

US President Trump said oil prices will fall "like a rock" in the near future.

Other News
2026-06-01

Israel Defense Forces said on June 1 its troops conducted operations in south Lebanon north of the Litani River to clear Hezbollah fighters and dismantle Hezbollah infrastructure. The IDF said soldiers on May 31 encountered three Hezbollah militants

Israel Defense Forces said on June 1 its troops conducted operations in south Lebanon north of the Litani River to clear Hezbollah fighters and dismantle Hezbollah infrastructure. The IDF said soldiers on May 31 encountered three Hezbollah militants preparing to launch UAVs; after the militants attempted to flee, the Israeli Air Force struck and killed them. A subsequent search uncovered a weapons cache containing ready-to-launch rockets and UAVs.
2026-06-02

Bananas for Japanese retail are ripened in ethylene-filled chambers; ethylene is produced from naphtha, and Japan’s naphtha stocks have dropped about 25% YTD. Shipping disruptions through the Strait of Hormuz, which have cut roughly 20% of global oil

Bananas for Japanese retail are ripened in ethylene-filled chambers; ethylene is produced from naphtha, and Japan’s naphtha stocks have dropped about 25% YTD. Shipping disruptions through the Strait of Hormuz, which have cut roughly 20% of global oil supply, are exacerbating the squeeze; Japan’s crude import dependence exceeds 90%. Japan imported about 1 mln tons of bananas last year. Eiji Akashi, secretary-general of the Japan Banana Importers Association, said: "Prices may rise, but we are doing everything to avoid supply shortages."
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