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How US-Israeli war on Iran is upending global business
March 9 (Reuters) - The U.S.-Israeli war with 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 ...Reuters
Mon, Mar 9
About half of Iran's most highly enriched uranium was at Isfahan, IAEA's Grossi says
PARIS, March 9 (Reuters) - About half Iran's uranium enriched to up to 60% purity, a short step from weapons grade, was stored in an underground area at Isfahan that seems largely unharmed by U.S. and Israeli bombing, U.N. nuclear watchdog chief Rafael Grossi said on Monday."We believe Isfah...Reuters
Mon, Mar 9
UAE envoy to UN urges de-escalation of US-Israeli war with Iran
By Olivia Le Poidevin GENEVA, March 9 (Reuters) - The United Arab Emirates ambassador to the United Nations in Geneva called on Monday for a de-escalation of the U.S.-Israeli war with Iran and a return to negotiations.Oil prices have surged as some major producers cut supplies and stock markets ...Reuters
Mon, Mar 9
G7 Finance Ministers ready to take necessary measures to support energy supply, including stockpile release
PARIS, March 9 (Reuters) - The finance ministers of the G7 countries said on Monday that they were ready to take "necessary measures" to support the global supply of energy, which could include the releasing of stockpiles, following the current conflict in the Middle East and its effects on ...Reuters
Mon, Mar 9
IEA members hold 1.2 billion barrels of emergency oil stocks, Birol says
PARIS, March 9 (Reuters) - International Energy Agency members currently hold over 1.2 billion barrels of public emergency oil stocks and a further 600 million barrels of industry stocks that are held under government obligation, IEA Executive Director Fatih Birol said on Monday."We discussed al...Reuters
Mon, Mar 9
IEA called for emergency oil stock release at G7 meeting, Japan says
By Makiko Yamazaki TOKYO, March 9 (Reuters) - The International Energy Agency (IEA) called for a coordinated release of emergency oil reserves during an online meeting with Group of Seven finance ministers on Monday, Japanese Finance Minister Satsuki Katayama told a briefing."IEA called for e...Reuters
Mon, Mar 9
No decision yet on G7 releasing oil stocks, France's Lescure says
BRUSSELS, March 9 (Reuters) - G7 countries have not made a decision yet on the potential release of emergency oil stocks in the wake of the war in Iran, France's Finance Minister Roland Lescure said on Monday."We are not there yet," Lescure told reporters after a G7 meeting of finance mi...Reuters
Mon, Mar 9
India's Reliance buys 6 mln barrels of Russian oil for March, sources say
By Nidhi Verma NEW DELHI, March 9 (Reuters) - India's Reliance Industries Ltd RELI.NS has bought at least 6 million barrels of Russian oil for March delivery after supplies from the Middle East were hit due to the Iran war, two industry sources with knowledge of the matter said.Indian refiner...Reuters
Mon, Mar 9
India won't join IEA-led initiative to tap oil reserves, source says
India fuel stocks comfortable, no export caps being consideredIndia to get additional LPG from US, CanadaRefiners tap sanctioned Russian cargoes after US waiverBy Nidhi Verma March 9 (Reuters) - India has no plans to join International Energy Agency (IEA) initiative to release strategic oil reser...Reuters
Mon, Mar 9
German steel association calls for energy price stabilisation
DUESSELDORF, March 9 (Reuters) - The association of German steelmakers said on Monday it was calling for industrial policy measures to stabilize energy prices that have been inflated by uncertainties in the Middle East.The lobby group said it was paramount for industrial electricity prices to be cap...Reuters
Mon, Mar 9
Israel resumes natural gas exports to Egypt on limited basis, Israeli energy ministry says
JERUSALEM, March 9 (Reuters) - Israel has resumed natural gas exports to Egypt on a limited basis, the Israel energy ministry said on Monday.At this stage, the supply of natural gas to Egypt is carried out only from the surplus available after fully meeting the needs of the domestic economy, primari...Reuters
Mon, Mar 9
GRAINS-Grain prices gain as oil shoots higher on Middle East war
Most-active soybeans up 0.7%, had hit highest since May 2024Wheat down 0.6% after hitting highest since June 2024Corn flat after hitting 10-month highsBEIJING/HAMBURG, March 9 (Reuters) - Global grains prices rose on Monday, with soy and wheat hitting almost two-year peaks as the U.S.-Israel war on ...Reuters
Mon, Mar 9
Standard Lithium-Equinor JV inks lithium offtake deal with Trafigura
March 9 (Reuters) - Standard Lithium SLI.V said on Monday its joint venture with Norway's Equinor EQNR.OL had signed its first binding offtake agreement to supply lithium carbonate from its southwest Arkansas project to commodities trader Trafigura.The joint venture, Smackover Lithium, will supp...Reuters
Mon, Mar 9
Greek-operated tanker with Saudi oil cargo sails through Hormuz, ship tracking data shows
LONDON, March 9 (Reuters) - A Greek-operated oil tanker has sailed through the Strait of Hormuz with a cargo of Saudi Arabian crude and its destination listed as India, analysis from ship tracking platforms Kpler and Lloyd's List Intelligence showed on Monday.The Shenlong Suezmax tanker, with a ...Reuters
Mon, Mar 9
Oil output, exports knocked by Iran conflict as prices surge
Saudi cutting output at two oilfields -sourcesBahrain's Bapco declares force majeure after attackOil prices highest since mid-2022G7 ministers to look at strategic reserves release -source March 9 (Reuters) - Saudi Arabia has begun oil output cuts, sources said on Monday, becoming the latest ...Reuters
Mon, Mar 9
PRESS DIGEST-Canada - March 9
March 9 (Reuters) - The following are the top stories from Canadian newspaper Globe and Mail. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL-The G7 countries will discuss a possible release of emergency oil reserves on Monday after crude prices jumped...Reuters
Mon, Mar 9
US natgas futures jump 4% as cooler weather looms, Iran war supply concerns
US natural gas futures rise due to cooler weather forecastsGlobal energy prices soar amid US-Iran conflictWaha Hub prices remain negative due to pipeline constraintsBy Scott DiSavino NEW YORK, March 9 (Reuters) - U.S. natural gas futures climbed about 4% to a one-month high on Monday on forecasts...Reuters
Mon, Mar 9
Shipper MSC introduces emergency fuel surcharges
March 9 (Reuters) - Shipping company MSC on Monday announced emergency fuel surcharges on all cargo from the Mediterranean and Black Sea to the Indian sub-continent, Red Sea and East Africa.The move includes the West Mediterranean, Adriatic, the East Mediterranean, Greece and Turkey and applies from...Reuters
Mon, Mar 9
EXCLUSIVE-Saudi Aramco reducing output at two oilfields, two sources say
Aramco rerouting crude to Red Sea port amid Strait of Hormuz effective closureUS-Israel war on Iran roils global markets, several MidEast producers curb outputBrent crude futures surge to near $120 per barrel, highest since mid-2022By Yousef Saba March 9 (Reuters) - Saudi oil giant Aramco 2222.SE...Reuters
Mon, Mar 9
CBOT Trends-Wheat up 3-4 cents, corn up 4-5, soybeans up 12-14
CHICAGO, March 9 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Monday: WHEAT - Up 3 to 4 cents per bushelWheat ticked higher on war premium amid the ongoing U.S.-Israeli war with Ir...Reuters
Mon, Mar 9
