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IMO Secretary-General Arsenio Domingues said on Oct. 16 that security in the Strait of Hormuz and adjacent waters is deteriorating and transit risk remains high. He reiterated IMO guidance issued over recent months: vessels should avoid transiting th

2026-10-17

IMO Secretary-General Arsenio Domingues said on Oct. 16 that security in the Strait of Hormuz and adjacent waters is deteriorating and transit risk remains high. He reiterated IMO guidance issued over recent months: vessels should avoid transiting the Strait or conducting trade in the area, and operators should take measures to protect crew, ships and the marine environment. He said shipping should not be used as a pressure tool in conflicts and that only addressing the crisis’s root causes will create conditions for restoring regional navigational safety.

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2026-10-17

European Council President Costa said EU member states are fully united on trade strategy.

European Council President Costa said EU member states are fully united on trade strategy.
2026-10-17

Capital Economics climate and commodities economist Hamad Hussain said on Oct. 16 that gold could gradually weaken through the rest of the year, citing two factors: continued Fed rate hikes and the view that market worries about an end to the AI boom

Capital Economics climate and commodities economist Hamad Hussain said on Oct. 16 that gold could gradually weaken through the rest of the year, citing two factors: continued Fed rate hikes and the view that market worries about an end to the AI boom will ultimately prove temporary. TD Securities global head of commodities strategy Bart Melek said gold remains range-bound and is biased toward the lower end of its range amid substantial uncertainty over the Fed's next move.
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