Emirates Global Aluminium has halted smelter use after Iran strike, Bloomberg reports citing sources

The halt in smelter use by Emirates Global Aluminium following a strike in Iran suggests escalating geopolitical tensions that could disrupt supply chains in the aluminium market.

Newsquawk StaffPublished 1 Apr 2026, 15:02 UTCOn the live feed at 14:42 UTC — 6 more headlines followed before this page went public

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14:45

Ukraine's military says it has struck a Russian missile components production plant in the Bryansk region

14:43

"Three US officials told me discussions are taking place about a possible ceasefire with Iran in return for the reopening of the Hormuz strait. The officials said it is unclear if a deal can be reached", Axios' Ravid

14:42

Emirates Global Aluminium has halted smelter use after Iran strike, Bloomberg reports citing sources

14:39

US VP Vance has reportedly been speaking with intermediaries about the Iran conflict as recently as Tuesday, Reuters sources say

14:36

[MARKET UPDATE] Crude prices see upticks in recent trade despite a lack of fresh factors, although the Iranian Foreign Ministry spokesperson recently rebuffed Trump's claims of Iran's ceasefire request

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Context

This could lead to tighter supply, potentially driving prices higher and impacting related commodities such as energy and base metals. Traders should monitor the situation closely for further developments and adjust positions accordingly.

Energy · last 90 days

Recent headlines that moved markets

ENERGY/8 Sept · 05:23 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Brent Nov'26, after we published+1.0%

Steady upside of around 1% was seen across the crude complex following this update.

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

ENERGY/27 Aug · 17:46 UTC

The Trump administration has repeatedly told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June, reports WSJ citing sources

Brent crude, after we published+1.4%

ENERGY/25 Aug · 19:26 UTC

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

Brent crude, after we published−2.4%

ENERGY/7 Sept · 10:54 UTC

Saudi Aramco Jizan oil facilities were reportedly hit in new strikes, the FT reports citing sources; hit on Monday, damage is being assessed.

Brent Nov'26, after we published+0.5%

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