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Oil prices surge amid Middle East conflict, WTI climbs above $110.00 to 54-month highs
West Texas Intermediate (WTI) crude Oil price opened at a gap up, extending its winning streak for the fifth successive session, and is trading around $110.60 per barrel during the Asian hours on Monday.
Fxstreet
Mon, Mar 9
Freeport LNG Reports Emissions From Pretreatment Flare - Community Alert
March 9 (Reuters) - FREEPORT LNG PRETREATMENT FACILITY REPORTS EMISSIONS FROM PRETREATMENT FLAREFREEPORT LNG PRETREATMENT FACILITY REPORTS DURING OPERATION OF FREEPORT LNG'S PRETREATMENT FACILITY, TRAINS 1, 2, AND 3 WERE QUICKLY TAKEN OFFLINE DUE TO AN ISSUE WITH THE FACILITY UTILITY SYSTEMSourc...Reuters
Mon, Mar 9
Iran names Khamenei's hardline son Mojtaba as new supreme leader, oil surges
(Reuters) - Iran on Monday named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader, signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.Reuters
Mon, Mar 9
Goldman Sachs raises 2Q26 TTF, JKM natural gas price forecasts
March 9 (Reuters) - GOLDMAN SACHS:SAYS LNG BALANCE REVISION LEADS TO FURTHER RAISING OF 2Q26 TTF PRICE FORECAST TO 63 EUR/MWH OR $22/MMBTU (FROM 45 EUR/MWH), INCLUDING APRIL/MAY CONTRACTS (TRADED DURING MARCH/APRIL) AT 75/70 EUR/MWH ($26/$24/MMBTU)RAISES 2Q26 JKM PRICE FORECAST TO $23/MMBTU (FROM $1...Reuters
Mon, Mar 9
Japan should use nuclear plants to offset Iran crisis, opposition party head says
TOKYO, March 9 (Reuters) - Japan should operate all of its nuclear power plants available to offset the impact of the Iran war on electricity bills, Yuichiro Tamaki, the leader of a Japanese opposition party, said on Monday.Japan relies on the Middle East for around 95% of its oil supplies and 11% o...Reuters
Mon, Mar 9
Silver Price Forecast: XAG/USD seems vulnerable; bears await acceptance below $80.00
Silver (XAG/USD) attracts heavy selling at the start of a new week and drops to a four-day trough during the Asian session. The white metal currently trades around mid-$80.00s, down 4% for the day, and seems vulnerable to slide further.
Fxstreet
Mon, Mar 9
GRAINS-Chicago soy, wheat, corn rise on oil rally, Middle East tensions
BEIJING, March 9 (Reuters) - Chicago soybeans rose on Monday to their highest level since May 2024, buoyed by further gains in crude oil prices amid the ongoing U.S.-Israeli war with Iran.Wheat also saw sharp gains, reaching its highest level since June 2024, as fears of an escalating Middle East co...Reuters
Mon, Mar 9
US energy chief defends waiver on Russian oil sanctions, blames fear for higher gas prices
Temporary waiver for Russian oil to India eases market pressure, US Energy Secretary Wright saysWright attributes price hikes to fear, not shortagesUS officials see higher gasoline prices as short-term issueBy Katharine Jackson and Curtis Williams WASHINGTON, March 8 (Reuters) - Trump administrat...Reuters
Mon, Mar 9
INSTANT VIEW-Oil surges 20% as Iran war fuels supply fears
SINGAPORE, March 9 (Reuters) - Oil prices jumped about 20% in early trading on Monday, hitting their highest since July 2022, as the expanding U.S.-Israeli war with Iran fuelled fears of tighter supply and prolonged disruptions to shipments through the Strait of Hormuz. COMMENTARY:DANIEL HYNES, ...Reuters
Mon, Mar 9
As Fukushima memories fade, Japan embraces a nuclear-powered future
Japan all but abandoned nuclear after disaster 15 years agoCostly fuel imports, energy crunch have hastened shift backPro-nuclear PM wants to accelerate restarts, advance new techTwo-thirds of young people now support restarts, poll showsBy Mariko Katsumura, John Geddie, Katya Golubkova and Nobuhiro...Reuters
Mon, Mar 9
Gold slumps to near $5,050 on oil-driven inflation fears, stronger US Dollar
Gold price (XAU/USD) falls to around $5,065 during the early Asian session on Monday, pressured by a stronger US Dollar (USD) and inflationary risks. Traders will closely monitor the developments surrounding the US-Iran conflicts and geopolitical risks in the Middle East.Fxstreet
Sun, Mar 8
Oman's Muscat airport limits private jet flights, email says
March 8 (Reuters) - Oman's Muscat International Airport has asked private jet operators to avoid using the site for "additional flights," giving priority to government and commercial flights as fresh airspace closures hit the region’s attempts to increase travel, according to an email se...Reuters
Sun, Mar 8
US oil prices jump on supply fears amid expanding U.S.-Israeli war with Iran
TOKYO, March 9 (Reuters) - U.S. crude futures rose more than 20% in early trade on Monday, hitting their highest since July 2022, as the expanding U.S.-Israeli war with Iran fuelled fears of tighter supply and prolonged disruptions to shipments through the Strait of Hormuz.U.S. West Texas Intermedia...Reuters
Sun, Mar 8
Kansas City International Airport reopens after brief closure due to unspecified threat
By Curtis Williams and David ShepardsonMarch 8 (Reuters) - Kansas City International Airport reopened on Sunday afternoon after a brief closure as authorities investigated a possible threat, the airport and federal government said. The threat prompted some airplanes to evacuate passengers on the a...Reuters
Sun, Mar 8
Iran names Khamenei's son, Mojtaba, as new supreme leader, state media report
DUBAI, March 8 (Reuters) - Iran's Assembly of Experts has named Mojtaba Khamenei to replace his father, Ayatollah Ali Khamenei, as the country's new supreme leader, state media reported on Sunday.Mojtaba, a mid-ranking cleric with close ties to the powerful Revolutionary Guards, had long bee...Reuters
Sun, Mar 8
