Deutsche Bank and KBC have frozen some funds belonging to Radiant World in Singapore, escalating pressure on the iron ore trading house. The move comes as major miners also move to cut ties with the company, signaling a deepening crisis for the commodities trader.

Radiant World is under growing pressure after two of its key banks froze its funds and major miners moved to cut ties with the iron ore trading house. The coordinated action by financial institutions and mining partners suggests mounting concerns over the firm's operations or financial health.

The freeze by Deutsche Bank and KBC represents a significant blow to Radiant World's liquidity and ability to conduct trading activities. With miners distancing themselves, the company faces potential isolation in the iron ore market.