Aluminium: Supply risks rise on Middle East tensions – ING

ING Commodities Strategist Ewa Manthey notes that LME aluminium prices have jumped to a one‑month high as Middle East tensions revive supply concerns. She argues that risks are focused on regional physical premiums, especially in Europe and the US, rather than a broad tightening of global supply.

USD/JPY climbs on safe-haven Dollar demand, despite BoJ rate hike expectations

USD/JPY trades around 157.50 on Monday at the time of writing, up 0.84% on the day, moving closer to the February high at 157.66 and maintaining a bullish tone supported by the strength of the US Dollar (USD).

US: Trumpism, energy leverage and China – Rabobank

Rabobank links the Iran strikes to a broader US ‘Grand Macro Strategy’ under Trumpism, aimed at controlling key raw materials and energy flows that China relies on.

US Secretary of War Hegseth: No time frame to the Iran operation

United States (US) Secretary of War Pete Hegseth claimed that he would never put a time frime to the Iran operation, saying he is worried that Iran has long-range strike capabilities that can hit the tactical operations center, causing US casualties at a Pentagon press conference on Monday.

Gold surges on safe-haven flows amid US-Iran conflict

Gold (XAU/USD) opens the week with a bullish gap amid escalating geopolitical tensions in the Middle East, with the US-Iran war triggering a fresh wave of safe-haven demand. At the time of writing, XAU/USD trades around $5,393, marking its highest level in over one month.