Markets · Commodity markets, July 15

What moved in commodities

Wednesday, July 15, 2026. From GEO's evening brief, after the close.

Crude pushed higher into the close after the US launched a fresh wave of strikes on Iran and reimposed a naval blockade, with WTI at $80.24/bbl. The escalation is now bleeding into products, gas, and metals: seaborne diesel is caught between Russian supply losses and the Hormuz disruption, UK gas hit a three-month high on LNG supply fears, and grains ripped as Black Sea export concerns lifted wheat and corn sharply. This morning's EIA report showed a small crude draw and refinery runs holding near seasonal highs.

Written with AI from public sources, checked by code, reviewed by GEO. Not investment advice.