News
Important Only
UK exploring additional Gulf deployments after minehunter withdrawal
LONDON, March 12 (Reuters) - Britain is exploring additional options for deployments to the Gulf after Iran stepped up attacks on vessels, defence minister John Healey said on Thursday, adding that the UK already has autonomous mine hunting systems in the region. The Royal Navy (RN) said last week i...Reuters
Thu, Mar 12
PRECIOUS-Gold slips on strong dollar, easing rate-cut bets
Iran's supreme leader vows to keep Strait of Hormuz closedUS dollar up for third straight session BMI expects silver to average $93/oz in 2026By Ashitha Shivaprasad March 12 (Reuters) - Gold prices edged lower on Thursday as a stronger dollar and diminishing hopes for a reduction in borro...Reuters
Thu, Mar 12
Two U.S. sailors injured after non-combat fire aboard carrier in Red Sea
WASHINGTON, March 12 (Reuters) - Two U.S. sailors were injured after the USS Gerald Ford suffered a non-combat-related fire on board, the U.S. military said on Thursday.In a statement, the military said the sailors were receiving medical treatment for non-life-threatening injuries and were in stable...Reuters
Thu, Mar 12
Ashtrom's Unit Signs $200 Mln Financing For El Patrimonio Solar Project
March 12 (Reuters) - Ashtrom Group Ltd ASHG.TA:ASHTROM GROUP LTD - UNIT SIGNS $200 MILLION FINANCING FOR EL PATRIMONIO SOLAR PROJECT IN TEXASASHTROM GROUP LTD - EL PATRIMONIO PROJECT EXPECTED TO COMPLETE IN 2027ASHTROM GROUP LTD - EL PATRIMONIO TO SUPPLY ELECTRICITY TO 37,000 HOUSEHOLDS, REDUCE CARB...Reuters
Thu, Mar 12
World faces largest-ever oil supply disruption on Middle East war, IEA says
Global supply to drop by 8 million bpd in March due to Strait of Hormuz blockadeMiddle East Gulf countries cut oil production by 10 million bpdIEA says recovery of production could take weeks or monthsIEA head says oil reserve release had 'strong impact' on marketsBy Alex Lawler LONDON, M...Reuters
Thu, Mar 12
Iraq to keep crude output at 1.4 million bpd amid war disruption, oil minister says
DUBAI, March 12 (Reuters) - Iraq will keep crude oil production at around 1.4 million barrels per day, Oil Minister Hayan Abdel-Ghani was quoted as saying on Thursday, less than a third of the level before the U.S.-Israeli conflict with Iran. According to the state news agency, the minister said tha...Reuters
Thu, Mar 12
Low-sulphur gasoil deliveries for March fall at expiry, ICE data shows
March 12 - Deliveries of low-sulphur gasoil LGOc1 for March fell to 2,659 lots or 265,900 tons at expiry, down from 2,716 lots in February, Intercontinental Exchange data showed on Thursday.The contract expired at 1,141.5 a ton.Reuters
Thu, Mar 12
Equinor has no spare oil and gas capacity, CEO says
By Nora BuliOSLO, March 12 (Reuters) - Norway's Equinor EQNR.OL does not have spare capacity to lift its oil and gas output amid supply shortfalls from Middle East producers, the state controlled company's CEO said on Thursday."Our focus today is to make sure that we can be seen as a rel...Reuters
Thu, Mar 12
US energy chief says he will OK future posts after errant Navy escort post
WASHINGTON, March 12 (Reuters) - U.S. Energy Secretary Chris Wright on Thursday took responsibility for a social media post from his account that incorrectly stated the U.S. Navy had escorted an oil tanker through the Strait of Hormuz.Wright said in an interview with Fox News' "America's...Reuters
Thu, Mar 12
US energy chief sees 'a few weeks' of energy market disruption
WASHINGTON, March 12 (Reuters) - U.S. President Donald Trump is concerned about the impact of rising energy prices on American consumers, U.S. Energy Secretary Chris Wright told Fox News in an interview on Thursday, adding that just "a few weeks of disruption in energy markets" was expected...Reuters
Thu, Mar 12
US natgas futures rise ahead of storage report as Iran conflict drives demand
Colder weather boosts heating demand, impacting natural gas pricesTexas Waha Hub prices remain negative due to pipeline constraintsU.S. gas output rises, storage levels seen slightly below normalBy Scott DiSavino NEW YORK, March 12 (Reuters) - U.S. natural gas futures edged up to a fresh four-wee...Reuters
Thu, Mar 12
Iran Supreme Leader Mojtaba Khamenei: Closure of Strait of Hormuz should continue to pressure enemy
The new Supreme Leader of Iran, Mojtaba Khamenei, issued his first statement, which was shared on Iranian TV. Khamenei said that attacks on neighboring bases will inevitably continue and that Iran will not refrain from avenging the blood of its martyrs.
Fxstreet
Thu, Mar 12
Europe should not cap gas prices, Norway's prime minister says
OSLO, March 12 (Reuters) - Europe should refrain from capping the market price of natural gas even if costs are soaring due to the war in the Middle East, the prime minister of major supplier Norway said on Thursday.The continent's benchmark front-month TTF gas contract TFMBMc1 has risen some 60...Reuters
Thu, Mar 12
Tanker was attacked in Iraqi waters during transfer, operator says
The Zefyros was carrying condensate products from Basra Gas CoAll 23 crew safe and accounted forAt least 16 vessels have been attacked in Gulf during war LONDON, March 12 (Reuters) - The Zefyros tanker was struck by a projectile overnight during a ship-to-ship transfer in Iraqi waters, its Greece...Reuters
Thu, Mar 12
How US-Israeli war on Iran is upending global business
March 12 (Reuters) - The U.S.-Israeli war on Iran is rattling businesses worldwide, driving up energy prices, squeezing supplies of critical raw materials and raising questions about the reliability of trade routes critical to the flow of goods from food to car parts.Below are the main disruptions s...Reuters
Thu, Mar 12
US forecaster sees La Niña ending soon, El Niño likely by mid-2026
March 11 (Reuters) - La Niña is expected to shift to El Nino-Southern Oscillation‑neutral conditions in the coming month, with neutral conditions with 55% chances through the May–July period, the U.S. Climate Prediction Center said on Thursday.The U.S. weather forecaster added that El Nino has a 62%...Reuters
Thu, Mar 12
US Cash Grains-Soy, corn basis steady-mixed as farmer selling eases
CHICAGO, March 12 (Reuters) - Basis bids for corn and soybeans were flat to mixed in the U.S. Midwest on Thursday as a wave of farmer selling that began early in the week petered out, though futures continued to rise.Farmers had earlier taken advantage of a massive rally in agricultural commodities ...Reuters
Thu, Mar 12
Russia condemns Trump comments on 'takeover' of Cuba
MOSCOW, March 12 (Reuters) - Russia condemned on Thursday what it called blackmail and threats by U.S. President Donald Trump to initiate a "takeover" of Cuba, a traditional ally of Moscow.Russian Foreign Ministry spokeswoman Maria Zakharova said Moscow would provide all possible political a...Reuters
Thu, Mar 12
