The first quarter of 2026 began with optimism but was abruptly reshaped by geopolitical conflict, sending shockwaves through global commodity markets. The outbreak of the U.S.-Iran conflict on February 28 triggered significant supply chain disruptions, energy price volatility, and a surge in investor uncertainty, fundamentally altering the outlook for the mining and metals sector. Read more with @SPGMarketIntel: okt.to/0i4Q9S

From @SPGMarketIntel: Securities lending revenues surpassed $1.7billion during the month of May, the highest monthly total of the year so far and a 43% increase when compared with May 2025. H1 revenues also surpassed those seen in 2025 by 6.5% with June still to account for. Average fees climbed 6% year-on-year to 49bps as balances continued to grow, topping $4.1trillion. Average balances for May 2026 were approximately $1.1billion higher than those seen in May 2025. Across the equity markets, Asian equity revenues surpassed those of the Americas for the second month in succession, growing by 113% year over year to $487million. Americas equities suffered from a 25% year on year decline in average fees which weighed upon revenues. Get more insights: okt.to/RlWD4p

What’s next for global energy markets? On @CNBC’s Power Lunch, S&P Global Vice Chairman Daniel Yergin discussed how geopolitical tensions involving Iran could begin showing up more clearly in oil supply and inventory data as early as July. He also explored China’s oil surplus, shifting market dynamics, and the broader outlook for the energy complex.    Watch his conversation with Brian Sullivan:  okt.to/fdcwCG

The 2026 men’s FIFA World Cup will take place across Canada, Mexico and the US from June 11 to July 19, with 48 national teams competing in 16 host cities—two in Canada, three in Mexico and 11 in the US. As attention turns to the tournament’s economic implications, the key question is whether an event of this scale can meaningfully shift activity in two large, diversified North American economies. Get more insights with @SPGMarketIntel: okt.to/lhSMiN

Indonesia must adopt a balanced, integrated approach to its aluminum supply chain to avoid repeating oversupply pressures that have weighed on the nickel market, industry experts said June 4 at the 2026 Indonesia Critical Minerals Conference in Jakarta. Indonesia emerged as the world's leading nickel producer after a 2020 ban on nickel ore exports prompted predominantly Chinese capital into domestic processing facilities. The Southeast Asian country produced 66.6% of the world's mined nickel in 2025, according to @SPGMarketIntel data. Read more with @EnergySPG: okt.to/S9RHf8

Global energy markets continue to navigate the ripple effects of disruptions in the Strait of Hormuz.    S&P Global Vice Chairman Daniel Yergin joined Geoff Bennett and PBS NewsHour to discuss why inventories have helped stabilize markets, the growing strain on fertilizer and fuel supplies, and what prolonged disruption could mean for the global economy. He also shared insights on America’s evolving role as the world’s largest oil producer and the challenges facing energy recovery efforts.    Watch the full interview: okt.to/qD4MTG

Metals markets are navigating a complex landscape where easing geopolitical tensions are intersecting with persistent supply chain vulnerabilities and robust structural demand. Following record highs earlier in May, industrial metals prices have pulled back as markets react to a fragile ceasefire in the Persian Gulf and renewed hopes for a US-Iran diplomatic agreement. This recalibration removes some of the "war-hedge" premium that had recently elevated prices for commodities like copper and silver. Read more with @SPGMarketIntel: okt.to/XHiQS1

The current energy crisis should advance a more reliable and resilient energy system. Timelines for short-, medium- and long-term actions must align to make primary energy choices that benefit energy consumption across end users. Policymakers and regulators can accelerate the reform agenda, but the pace of change will be dictated by the Indian energy market’s dependence on global energy flows and supply chains. Read the full report here: okt.to/yrAscT

Global exploration budgets for key battery metals fell sharply in 2025, declining 43% to $958 million. While this downturn reflects broad market oversupply, its impact has not been uniform. New analysis from @SPGMarketIntel shows how policy, project maturity, and corporate strategy are creating resilient hotspots even in a weaker market. The latest research, "Battery Exploration Trends," provides a data-driven look at where investment has proven most resilient and where it has retreated fastest. Get more insights: okt.to/Jm9acO

The Trump administration's imposition of a 50% tariff on imports of aluminum and steel has helped build momentum in the US for metals projects, but industry experts say shifting trade policy may be limiting the tariffs' impact on investments. President Donald Trump doubled the Section 232 tariffs for steel and aluminum in June 2025, raising each to 50%. Trump said the higher charges would boost domestic production and reduce US reliance on foreign imports. Read more with @EnergySPG: okt.to/gv41SH

As vaults take over finance, Vault Summit took over the NYSE. We connected the world's largest institutions with the teams building the future of finance onchain. Special thanks to our host @Morpho, co-host @SPGlobal, and Title sponsors @gauntlet_xyz, @FordefiHQ, and @Visa. Next stop, Singapore.

From @EnergySPG: The growth of data centers, and the amount of electricity expected to be required to meet that demand, is probably the biggest issue in the US power sector. US grid power supplied to hyperscale, leased and crypto-mining data centers reached about 64.4 gigawatts in 2025, nearly tripling since 2020. And that growth is accelerating. In this episode, host Dan Testa speaks with Brandon Oyer, head of energy and water for the Americas at Amazon Web Services. Oyer breaks down what he describes as misperceptions regarding the water and power impacts of data centers, the ways in which many people rely on data centers without realizing it and how AWS works with utilities to develop new projects. Listen to the latest Energy Evolution podcast episode: okt.to/6TZfPw

Australian beef exports to China are rapidly approaching a key threshold, with 90% of the country's quota already exhausted as of June 1, China's Ministry of Commerce said June 2. Once the quota is exhausted, a 55% out-of-quota tariff will take effect from the third day thereafter, raising the risk of a sharp slowdown in trade flows. China's country-specific safeguard measures were announced on Dec. 31, 2025, following the conclusion of a safeguard investigation into beef imports launched on Dec. 31, 2024. The measures were introduced to protect China's domestic cattle farming and beef industry after a surge in imported beef volumes. Read more with @EnergySPG: okt.to/lkInUM

Tune in to our latest podcast episode featuring insights into private credit. This episode features Blair Jacobson, Co-President of Ares Management Corporation, discussing private credit investment strategies, risk management, and firm growth. He shares insights on how Ares maintains a conservative approach to avoid losses, the importance of relationships and reputation in deal origination, and the firm’s expanding areas like asset-backed credit and wealth management.  Listen to the full episode here >> okt.to/VSEzaK

As institutional capital moves deeper into digital assets, one question is becoming increasingly relevant: what, exactly, should crypto fund managers be measured against? That was the central issue in a recent webinar, “Benchmarking Digital Asset Funds: Are Managers Measuring Performance Effectively?” hosted by Crypto Insights Group with participation from @SPDJIndices (S&P DJI), Amitis Group and Syncracy Capital. The discussion brought together the perspectives of S&P DJI, an index provider with a range of S&P Digital Asset Indices, an active manager and a fund allocator—offering a useful snapshot of how institutional standards are beginning to form in a market that still lacks a universally accepted playbook. Get more insights: okt.to/t2P50n

S&P Global announces a strategic collaboration with Cohere, a global AI platform for governments and regulated industries, to bring its trusted financial data directly into Cohere's secure enterprise platform, North. The collaboration will leverage S&P Global's essential intelligence and ensure that AI and agentic workflows are grounded in verifiable fact, speeding up research, improving accuracy, and reducing manual data-gathering and validation for customers with trusted, source-based information. Today's announcement reflects S&P Global’s strategy to integrate its differentiated data across AI platforms, driving productivity wherever customers operate. Read the full press release: okt.to/X1HzYc

The disruption in the Strait of Hormuz has triggered one of the biggest and most consequential energy shocks the global economy has ever experienced. It will have far-reaching and long-lasting consequences, and it could challenge India’s dual vision of becoming Viksit Bharat by 2047 and achieving net-zero emissions by 2070. Read the full report here: okt.to/5ZhcXR

A surge in gold prices to record highs has reignited investment in exploration, driving budgets up for the first time in three years. However, new analysis from @SPGMarketIntel reveals a critical imbalance: while companies are capitalizing on high prices, a persistent decline in grassroots exploration threatens the long-term health of the project pipeline. The latest research report, Gold Exploration Trends, unpacks the forces driving this recovery and the structural risks emerging from the industry's risk-averse strategy. Get more insights: okt.to/gLDHKN

In our latest episode of the Look Forward podcast, host Aries Poon is joined by Carlos Pascual, head of geopolitics and international affairs at S&P Global’s Energy Division, to examine the Middle East conflict through a wider geopolitical lens.   Listen to the full episode: okt.to/r3N1My

All tracked geographies and sectors reflect notable increases in AI investment and planned capital allocation compared to the 2024 PMI survey, indicating a growing commitment to AI. Read our latest research exploring the AI and labor landscape: okt.to/XEDljL