commodity trading

Mercuria and Gunvor profits more than double on Iran war

The war in Iran has handed the world's largest commodity trading houses one of their most profitable stretches on record, with Mercuria Energy Group and Gunvor Group becoming the latest firms to report surging earnings driven by the upheaval in…

Jefferies-linked fund’s exposure to Radiant World nears $500 million

A fund managed by a subsidiary of Jefferies has nearly $500 million of exposure to embattled iron ore trader Radiant World, according to the Financial Times, a figure far exceeding earlier estimates and marking one of the largest known creditor…

Radiant World’s top China iron ore trader quits amid probes

Leon Jin, Radiant World's head of iron ore in China, left the company on Monday as the embattled trading firm faces escalating pressure over allegations it supplied falsified invoices to banks, according to Bloomberg and Reuters.

Vitol locked in exclusive fuel deals across Africa amid Iran crisis

Vitol Group, the world's largest independent commodity trader, has secured exclusive fuel supply agreements with at least five countries in southern and East Africa, leveraging disruptions from the Iran conflict to become the dominant supplier to a region almost entirely…

Glencore held warrants in Radiant World before cutting ties

Glencore acquired warrants for a minority ownership stake in Radiant World in late 2025, just months before cutting ties with the Singapore-based iron ore trader now facing U.S. federal investigations over allegedly falsified trade documents, Bloomberg reported Monday.

Glencore profits surge, miner targets ASX listing in October

Glencore reported an 86% jump in first-half adjusted earnings on Wednesday, powered by its commodity trading arm capitalizing on energy market volatility triggered by the Middle East conflict, and announced plans for a secondary listing on the Australian Securities Exchange…

Iron ore hits one-year low as Radiant World fallout rattles markets

Jefferies Financial Group is reviewing its exposure to Radiant World, one of the world's largest iron ore traders, after major commodity houses severed ties with the privately held firm over concerns about falsified trade finance documents. The review adds fresh…

Vitol, Cargill cut ties with iron ore trader over fake invoices

Three of the world's largest commodity trading houses have severed or frozen business ties with Radiant World, a fast-growing iron ore trader, after encountering documents the company provided to its banks that were deemed invalid, Bloomberg reported on Thursday.

Glencore trading profits double to $3.3B amid Iran war

Glencore reported on Wednesday that its commodity trading division expects first-half profit of approximately $3.3 billion, roughly double the $1.4 billion earned in the same period last year and about $1 billion above analyst expectations, as the Israel-Iran war generated…