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Israeli Prime Minister Netanyahu vowed Iran will not obtain nuclear weapons.
2026-06-08
Israeli Prime Minister Netanyahu vowed Iran will not obtain nuclear weapons.
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2026-06-08
Fitch: Brent crude oil is expected to remain at $100-110 per barrel during the closure of the Strait of Hormuz, before falling to around $70 per barrel in September.
Fitch: Brent crude oil is expected to remain at $100-110 per barrel during the closure of the Strait of Hormuz, before falling to around $70 per barrel in September.
2026-06-09
Vale CEO Gustavo Pimenta said he sees no signs that the Iran conflict has damaged global metals demand and that the company’s margins have widened despite shipment disruptions. He said Vale is focused on unlocking asset value rather than pursuing acq
Vale CEO Gustavo Pimenta said he sees no signs that the Iran conflict has damaged global metals demand and that the company’s margins have widened despite shipment disruptions. He said Vale is focused on unlocking asset value rather than pursuing acquisitions and described global demand for critical minerals as very constructive. Disruptions in the Strait of Hormuz raised fuel costs and freight rates, but higher prices and volumes have largely offset the impact on miners. Vale has raised full-year free cash flow guidance for its core iron-ore business by $1.5bn and now expects average iron-ore prices of $112/tonne for the year versus a $102/tonne pre-conflict scenario.
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