• Skip to main content

    Global Trade

    September 21, 2026

    Edward Meir's week in review and thoughts for the week of Sept 21, 2026

    Written by Edward Meir

    It seems that each weekend brings us fresh developments out of the Persian Gulf and the last two weekends have been no different. A little more than a week ago, we had reports from Saudi Arabia that the country’s East-West oil pipeline was shut down after Houthi drone attacks. The rebel group was said to be consolidating its hold over much of the western coast of Yemen that hugged the Bab al-Mandeb Strait. Controlling this portion of the coast is an ominous development for Saudi shipping, although perhaps not for other vessels as the Houthis apparently assured Washington their quarrel is only with the Riyadh. The rebel group also apparently struck an Aramco facility in western Saudi Arabia.

    Oil

    Edward Meir

    Edward brings more than a decade of hands-on experience in physical trading across aluminum, tin and scrap, paired with a deep fundamental market analysis background. His unique perspective strengthens AMU’s mission to deliver sharper insight, clearer context, and actionable intelligence for professionals across the aluminum value chain.

    Read more from Edward Meir

    Latest in Global Trade

    Edward Meir’s week in review and thoughts for the week of Nov. 2, 2026

    Base metals had a mixed week. Nickel, copper, and tin were down by 3.6%, 1.2%, and 3.25%, respectively. Copper closed lower in October as well, snapping a three-month winning streak. Tin settled at a six-month low on Friday, breaching $50,000 in the process. The bulk of the selling in both copper and tin occurred on Friday because both these semiconductor-influenced metals got swept up in the equity sell-off. Aluminum was up by 0.8% on the week. Lead was just about flat. And zinc was the best performer, up by 2.6%.