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World & Policy

Headlines

  • DTN Oil Update

    Oil prices jumped 8% Wednesday, driving Brent crude to a 2026 high of nearly $120 bbl, as the U.S. reportedly mulled resuming attacks against Iran after a month of diplomatic efforts that failed to end the conflict and reopen the Strait of Hormuz to petroleum cargoes.

  • DTN Oil Update

    Energy markets rallied again Tuesday as continued holdup of tanker traffic on the Strait of Hormuz and a Trump administration crackdown on Chinese refineries buying Iranian oil drove U.S. crude above $100 bbl.

  • DTN Oil Update

    Global crude benchmark Brent inched towards $110 bbl on Monday as the Middle East crisis entered its second month, with the United States and Iran remaining at odds over a solution that would reopen the Strait of Hormuz to a fifth of world petroleum supply.

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What DTN Is Watching

On Thursday, USDA will lead things off with the weekly Export Sales report at 7:30 a.m. CDT. At the same time, there will be a couple of notable macroeconomic releases such as Q1 GDP for 2026 as well as Personal Consumption Expenditure data for March. In the afternoon, USDA will round out the day with their weekly Slaughter Summary at 2 p.m. CDT.

Weather

A stalled front near the Gulf Coast will be the main focal point for showers and thunderstorms throughout the day on Thursday. Other areas of showers will move through the Central Plains and Midwest, including some of the driest areas in western Kansas and Colorado. Drought continues to be a major factor in this area, however.

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