Trump Withdraws Strait of Hormuz Toll Plan; Commodity Markets React to Iran Strikes

에너지/원자재 | Wed Jul 15 2026 00:00:00 GMT+0000 (Coordinated Universal Time) | 10 sources

Trump withdrew a proposed 20% Strait of Hormuz toll causing oil prices to pull back, precious metals declined following Iran strikes, grains and cotton rallied, and Alcoa approved a gallium project.

Analysis

[Trump Administration] withdrew 20% Strait of Hormuz toll plan ^[1][8]

• Scrapped proposed 20% toll intended to cover vessel protection costs
• Announced replacement with Gulf region investment
• Conducted 7th airstrike

[WTI Crude] pared gains after toll withdrawal announcement ^[8]

• Extended Monday's sharp rally into Tuesday
• Retreated from intraday highs after Trump withdrew toll plan

[American Petroleum Institute] reported 13th consecutive weekly decline in U.S. crude inventories ^[10]

• Crude inventories fell 564
• 000 barrels for the week ending July 10
• 13 consecutive weeks of declines
• Follows prior week's 400
• 000 barrel decline

[Gold & Silver] declined following Iran strikes ^[6][7]

• Gold prices fell after weekend airstrikes
• Silver prices also declined following the latest Iran strikes

[Grains & Cotton Markets] rallied together Monday morning ^[2][3][4][5]

• Soybeans opened higher
• Corn started an early rally with strength
• Cotton rallied in the morning
• Wheat was mixed

[Alcoa] approved final investment decision for Wagerup gallium production project in Australia ^[9]

• Building gallium plant at Wagerup alumina refinery in Western Australia
• Secured support from three governments: U.S.
• Japan
• and Australia

Sources

• [1] Trump says US to abandon proposed Strait of Hormuz cargo fee - Financial Times
• [2] Soybeans Showing Monday AM Gains - Yahoo Finance
• [3] Wheat Starting Monday Mixed - Yahoo Finance
• [4] Corn Bulls Getting a Headstart with Monday Morning Rally - Yahoo Finance
• [5] Cotton Posting Early Monday Rally - Yahoo Finance
• [6] Gold prices today, Monday, July 13, 2026: Prices move lower following weekend airstrikes - Yahoo Finance
• [7] Silver prices today, Monday, July 13, 2026: Silver prices falling after latest airstrikes on Iran - Yahoo Finance
• [8] Oil eases off day's highs after Trump nixes proposed 20% Strait of Hormuz transit fee - Seeking Alpha Market News
• [9] Alcoa approves development of Australia gallium project with U.S., Japan, Australia backing - Seeking Alpha Market News
• [10] U.S. crude stockpiles fell 564K barrels last week, API says - Seeking Alpha Market News