Market News - Gold, Oil & Forex

The UK risks a major wave of deindustrialization and widespread factory closures unless the government expands emergency relief measures for manufacturers battling soaring energy costs, a prominent manufacturing trade body has warned, as reported by the Guardian. According to a June 2026 survey by Make UK and the Trades Union Congress (TUC), Britain faces an imminent risk of industrial collapse unless the government provides immediate financial relief to protect manufacturers from surging...

The blockading of the Strait of Hormuz was something that was never going to happen-until it did, paralyzing a fifth of global LNG and crude oil flows and causing quite a bit of economic pain to both producers and consumers of energy commodities. Now, they are taking care to never let a disruption of that scale happen again. The most immediate response to Iran’s closure of the strait was switching to alternative pipeline routes for those that had them. Saudi Arabia demonstrated foresight with...

Equinor and its partners are investing more than NOK 4 billion ($390 million) to expand the Troll field, a giant North Sea asset that supplies around 10% of Europe's natural gas and contains 40% of Norway's remaining gas reserves. The project is expected to unlock around 11 billion cubic meters of natural gas, equivalent to roughly 69 million barrels of oil equivalent (boe), further strengthening one of Europe's most important sources of energy. Known as TWIN (Troll West Increased Gas Recovery...

India has been battling to secure its energy security in recent months, as its heavy dependence on fossil fuel imports has made it highly vulnerable to a closure of the Strait of Hormuz. Severe energy supply chain disruptions have prompted India to deepen its ties with the United States to secure sufficient liquefied natural gas (LNG) supplies and to reassess its plan to enhance energy security over the coming decades, with consideration of renewable energy expansion. The months-long...

The leaders of the G7 have created a strategic alliance on critical minerals in a coordinated effort to break China’s oversized control of the metals and minerals and rare earth elements crucial to the defense, automotive, and clean energy industries. At the G7 summit in Evian, France, the leaders of G7 issued a declaration in which the nations committed “to coordinating efforts within the G7 and with partner countries to establish and develop the necessary processing and industrial capacities...

While ships are beginning to trickle through the Strait of Hormuz after months of near-total closure, it will be a very long time before the effects of this year’s energy crisis fade from the global economy – if they ever do. This latest round of turmoil in global oil and gas markets has catalyzed clean energy adoption to a degree that may permanently alter the global energy landscape, as well as the way that we conceive of energy security and geopolitical strategy. It is extremely telling...

Nobody, especially not Iraq, wants to be caught relying on Hormuz ever again. Iraq is preparing to export crude oil and naphtha through Syria's Mediterranean port of Baniyas, expanding an emergency workaround that emerged after the closure of the Strait of Hormuz disrupted the country's primary export routes and left storage tanks filling up., Iraqi officials say the strategy will remain in place even after shipping through Hormuz returns to normal. That alone says plenty....

For decades, energy policy in Washington was debated on the basis of economics, climate change, and domestic politics. That era is over. The United States is entering a period where energy security must be recognized as a  core pillar of national security and military readiness. The global competition underway with China is not just about trade or tariffs. It is about industrial capacity, technological dominance, artificial intelligence (AI), semiconductor manufacturing, and defense production...

Several U.S. states are concerned about the rapid expansion of data centres, as consumers pressure legislators to address rising utility bills and other energy concerns. Data centres are expected to be a major consumer of U.S. power by 2030 and beyond, as several tech companies expand their network, which is growing consumer concerns around the country’s power supply and demand. This has led several states to halt or even ban data centre development. Globally, data centres are expected to...

A week that began with optimism over falling oil prices ended with markets fixated on the prospect of renewed Federal Reserve tightening. The peace dividend from the US-Iran agreement continued to push energy prices lower and helped support risk sentiment. But the bigger story was the Fed’s abrupt shift toward a more hawkish outlook, which […] The post Dollar Rally Faces Defining Technical Test as Fed Repricing Reshapes Markets appeared first on ActionForex.