Global Commodities The Week in Commodities Global Markets Strategy 21 June 2026 J P M O R G A N Despite the signed Memorandum of Understanding and eased prices, tightness persists across commodities most affected by the closure of the Strait of Hormuz. In this episode, we highlight the state of natural gas and aluminum markets, as well as discuss the 'invisible' parts of our balances. Global LNG Supply & Shipping Tracker: The first swallow Following the announced ceasefire agreement between the US and Iran, ...