Crude benchmarks rebounded sharply following Israel’s targeted strikes on Iranian nuclear and military assets. Brent futures jumped over 13%, reversing recent bearish trends driven by oversupply concerns and sluggish global demand. The strike renewed fears of regional instability, injecting a fresh geopolitical risk premium into oil markets.
Raiffeisen Bank International $RBI.VI has recently reaffirmed its plan to divest a major portion of its Russian operations—a decision that comes amidst shifting global political pressures. Contrary to earlier media reports suggesting a halt in the process, the bank confirmed that negotiations regarding the sale continue actively. This move underscores the complex interplay between international politics and financial strategy, especially in light of sanctions and heightened regulatory scrutiny from both sides of the Atlantic.
Recent market developments have seen a notable increase in tin prices on the London Metal Exchange (LME). As of Friday at 02:41 GMT, tin prices reached USD 37,100 per metric tonne—the highest level since June 8, 2022. This surge is primarily driven by Alphamin Resources deciding to suspend operations at its tin mine in the Democratic Republic of the Congo due to escalating security concerns linked to advancing rebel forces.
