(44-20) 7134-6732 tracey.l.allen@jpmorgan.com J.P. Morgan Securities plc Gregory C. Shearer (44-20) 7134-8161 gregory.c.shearer@jpmorgan.com J.P. Morgan Securities plc Natasha Kaneva J P M O R G A N Global Commodities Research 04 August 2025 Commodity Market Positioning & Flows Global commodity flows decline below 10-year average levels as US tariff clarity begins to emerge Global Commodities Research Tracey Allen {[{xTcfaSlj-ZSQMv-ljRpIM6lugQv_pp1nlvYdrybTZAsKyAHAdSsVxQ}]} • The estimated value of global c ...

Global stocks are edging higher and oil prices are paring gains as investors bet that Middle East tensions won't disrupt commodity flows significantly after the U.S. struck three Iranian nuclear facilities Saturday evening. https://t.co/EShFR4VRRS ...