Spot platinum fell about 3% to $1,624.10/oz.

President Trump met Iraqi Prime Minister Zaidi on July 14 and said the US and Iraq had "established a large new oil partnership." Commodity analyst Jack Prandelli interprets the comment as signalling Western entry into Iraqi upstream and infrastructure: Chevron is reportedly negotiating to acquire oilfield assets formerly operated by Russia's Lukoil, HKN Energy aims for 140,000 bpd at the Hamrin field, and Halliburton is managing the Bin Umar and Sinbad fields in southern Iraq. Iraqi officials cite objectives of reducing Strait of Hormuz exposure and Russian dominance in Iraq’s energy sector and propose a new pipeline via Turkey to the Mediterranean. Prandelli says the development reflects US energy leverage extending into crude and infrastructure as well as gas.

纽约期金日内下跌1.00%，现报4026.20美元/盎司。