Iran escalates Persian Gulf tensions by blacklisting 45 commercial tankers in the Strait of Hormuz as U.S. refineries face historic operational strain. Severe weather and logistics shocks hammer global agriculture, with U.S. corn condition ratings sinking to 57 percent, EU maize yield forecasts reduced to 6.61 metric tons per hectare, and Ukraine’s weekly grain shipments falling over 11 percent amid Black Sea port closures. Meanwhile, a derailment halts Guinean alumina exports, liquidity crunches disrupt Ghanaian gold supply, and Norway defies European Union Arctic drilling restrictions.


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