Flash News

TREE NEWS update: Iran’s Deputy Foreign Minister Gharibabadi said Iran is finalizing its response to the United States and will convey its position through intermediaries once consultations are complete. No timeline or details of the response were given.

TREE NEWS reports: ICE raw sugar futures closed 3.01% higher and white sugar futures gained 3.59% in late New York trade on Monday, October 12. Arabica coffee futures rose 1.03%, with the coffee “C” contract up 1.03% and robusta up 0.09%. New York cocoa added 0.02% and London cocoa 0.84%, while ICE cotton edged up 0.06%.

TREE NEWS update: Cuban President Díaz-Canel told the 2026 World Food Forum on October 12 that US sanctions are hurting Cuba’s food production and distribution, saying the island’s food difficulties stem not only from environmental factors or market volatility but from more than six decades of economic, commercial and financial blockade. He said an energy siege that began in early 2026 has complicated food processing, cold storage, transport and distribution.

TREE NEWS update: The Reserve Bank of India said authorised dealers may offer non-resident users non-deliverable derivative contracts involving the Indian rupee only for hedging purposes. The central bank set the foreign exchange risk premium at 20% of the notional rupee-equivalent amount of each derivative contract. The forward rate method applies to all rupee-linked FX derivative contracts in which authorised dealers buy foreign currency against the rupee.

TREE NEWS update: Yemen’s Houthi movement said it struck Riyadh airport with a ballistic missile on Monday and warned international airlines, crews and travelers against operating flights to Saudi airports, saying they are unsafe — with the exception of Mecca and Medina airports and airspace. The group also said it attacked an air base in Khamis Mushait, Saudi Arabia, using drones.

TREE NEWS update: Russian Deputy Prime Minister Alexander Novak said Russian companies are holding talks with buyers over diesel sales. Novak gave no further details on the discussions or the parties involved. The statement comes as Russia’s fuel exports remain a focus for global energy markets.

TREE NEWS update: Britain’s grid operator requested emergency assistance from France on Monday evening, asking for up to 1,200 MW of additional power via subsea interconnectors to keep the system secure. The National Energy System Operator said in a post on X that available capacity fell on Monday afternoon after a power system asset’s return to service was delayed.

TREE NEWS reports: The onshore yuan closed at 6.6940 per US dollar at 03:00 Beijing time, down 11 pips from Friday’s night-session close. Trading volume for the session totaled $28.367 billion. The move marks a marginal weakening of the Chinese currency against the dollar.

TREE NEWS update: US Secretary of State Marco Rubio spoke by phone with UK Foreign Secretary Ed Miliband on Wednesday, the State Department said. The two discussed continued coordination to safeguard the security of US assets in the United Kingdom. No further details were provided.

TREE NEWS reports: The Hang Seng Index main futures contract closed down 0.07% at 24,228 in the overnight session. The Hang Seng Tech Index main futures contract finished 0.38% lower at 4,149 in the same session.

TREE NEWS reports: The Bloomberg Grains Subindex rose 0.07% to 32.4671 at the close of New York trading on Monday, October 12. CBOT corn futures gained 0.78% and wheat rose 0.29%, while soybeans slipped 0.29% to $12.8825 a bushel. Soymeal added 0.75% and soyoil 0.91%; lean hogs climbed 0.77%, with live cattle down 0.23% and feeder cattle off 0.18%.

TREE NEWS update: Russian Energy Minister Sergei Tsivilev discussed diesel supply issues with his US counterpart, Deputy Prime Minister Alexander Novak said. Novak gave no further details on the timing, format or outcome of the talks. The disclosure marks a rare publicly acknowledged energy contact between Moscow and Washington.

TREE NEWS update: SpaceX’s Falcon 9 rocket for the 35th commercial resupply mission of the Dragon spacecraft is now vertical on Launch Complex 40 in Florida. Launch is scheduled for Dec 13, with a targeted liftoff time of 6:33 a.m. EST (18:33 Beijing time).

TREE NEWS reports: WTI November crude futures settled at $93.74 a barrel, with NYMEX November natural gas closing at $3.1670 per million British thermal units. NYMEX November gasoline settled at $3.2917 a gallon and November heating oil at $4.7232 a gallon. The settlements mark the latest daily closes for the front-month energy contracts.

TREE NEWS reports: The Shanghai Futures Exchange crude oil futures 2611 contract closed the night session up 3.26% at 754.20 yuan per barrel. In the same session, Shanghai gold futures fell 0.58% and Shanghai silver futures dropped 1.1%.

TREE NEWS update: Russian Deputy Prime Minister Alexander Novak said the Russian and US governments are holding talks on a diesel supply agreement. Novak said Russia could increase diesel supplies on the global market, adding that extra Russian volumes would partly balance supply and demand. He gave no figures, timeline or further terms for the potential deal.

TREE NEWS update: The United Kingdom Maritime Trade Operations (UKMTO) said it received a report that a container ship was struck by an unidentified projectile while approaching the Strait of Hormuz. The agency disclosed the incident but gave no further details on damage, casualties or the origin of the projectile. The Strait of Hormuz is a key global shipping chokepoint for oil and freight traffic.

TREE NEWS reports: Iran’s security chief held a phone call with India’s National Security Advisor Ajit Doval to discuss the regional situation, Iranian media reported. No further details of the conversation were disclosed. The call comes amid heightened tensions across the region.

TREE NEWS update: The French government will take part in a €500 million capital increase by mining company Eramet SA to help repair its balance sheet. The state will subscribe to the upcoming rights issue and become Eramet’s largest shareholder, with a stake below 50%. Subject to regulatory approval, the capital increase is expected to close by the end of the year; Eramet has pledged not to resume dividends until it has significantly reduced its debt.

TREE NEWS reports: WTI crude oil climbed 2.5% intraday to trade at $94.16 a barrel. The move marks a sharp single-session gain for the US benchmark, with the price holding at that level as of the latest reading.