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Fitch: The Strait of Hormuz has been closed for 14 weeks, and we assume it will not reopen until July. We have raised our 2026 Brent crude oil average price assumption to $87 per barrel from $70 per barrel in March.

2026-06-04

Fitch: The Strait of Hormuz has been closed for 14 weeks, and we assume it will not reopen until July. We have raised our 2026 Brent crude oil average price assumption to $87 per barrel from $70 per barrel in March.

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2026-06-04

Israel's Ministry of Finance: Israel's economy will grow by 4.0% in 2026 and 4.8% in 2027.

Israel's Ministry of Finance: Israel's economy will grow by 4.0% in 2026 and 4.8% in 2027.
2026-06-04

US silver-mining company Sunshine Refining priced its US IPO at the low end of the range and raised $270m to fund the planned restart of an Idaho mine, retaining the permits needed for mining and processing and targeting a 2028 restart. The Idaho sit

US silver-mining company Sunshine Refining priced its US IPO at the low end of the range and raised $270m to fund the planned restart of an Idaho mine, retaining the permits needed for mining and processing and targeting a 2028 restart. The Idaho site produced historically silver, antibiotic, copper and lead; the company projects first-five-year average annual revenue of about $311m and EBITDA of roughly $230m after restart. Spot silver has more than doubled over the past year and hit a record in January on safe-haven flows, central bank buying and rising industrial demand from data-center cooling and solar panels, while rising antimony demand—used in military, electronics and data-center applications—adds an additional structural tailwind.
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