Kalshi has submitted a proposal to the CFTC for a perpetual-style, never-expiring oil contract, Bloomberg reported Wednesday, a sign prediction markets see durable retail demand for crude exposure. The item is single-sourced to Bloomberg and ships accordingly.
India has put forward a three-point proposal to ease the Russia-Ukraine war’s impact on shipping: stop attacks on critical infrastructure including ports and refineries, guarantee free flow of grains, crude, LNG and LPG from Black Sea ports, and end attacks on shipping operations in the region. The proposal dates to External Affairs Minister Jaishankar’s September 3 visit to Kyiv; Ukraine’s foreign minister called it the most comprehensive of the proposals he received, and President Putin praised its “excellent ideas,” but no response from either side is confirmed. The September origin means the “news” is the reporting, not the proposal.
McCormick raised its fiscal 2026 inflation forecast from a mid-single-digit increase to as much as 7 percent, citing higher freight, logistics, packaging and input costs on its October 1 earnings call, a consumer-staples read-through of the shipping squeeze. The company expects higher logistics costs driven by the Iran war to contribute to fourth-quarter margin compression.
Turkey’s state-owned Botas went to market for an LNG carrier on a firm 940-day time charter, with bids due October 15, adding to term demand for gas shipping.
Gold held at $4,142.50, up 0.04 percent in the 7:00 AM table, near nine-week lows as rising US rate-hike bets offset the Hormuz bid, while silver fell 1.58 percent to $58.96. The 2026-10-07-gold-nine-week-low.md story stands; today’s move is continuation, not a new development.
US Gulf energy operations braced for Tropical Storm Isaias, with more than 510,000 barrels a day of crude production shut in, about a quarter of regional output, and Chevron, Shell and BP pulling workers from platforms ahead of the system.