News
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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
Iraqi oil production collapses with Strait of Hormuz blocked by conflict, sources say
Iraq cuts oil output due to Middle East conflictStorage is full, remaining output heads to domestic refineriesSouthern exports set to halt due to lack of tankersBy Ahmed Rasheed and Aref MohammedBAGHDAD, March 8 (Reuters) - Iraqi oil production from its main southern oilfields has fallen by 70% to ...Reuters
Sun, Mar 8
Kansas City International Airport reopens after brief closure due to unspecified threat
March 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 security incident at @Fly_KansasCity is now clear and normal operations are resuming," U.S. Tra...Reuters
Sun, Mar 8
France's Macron says spoke with Iran's Pezeshkian
PARIS, March 8 (Reuters) - French President Emmanuel Macron has spoken with Iranian President Masoud Pezeshkian, calling on Iran to halt strikes against other countries in the region and to end the closure of the Strait of Hormuz, Macron said on Sunday.In a post on X, Macron also reiterated France&#...Reuters
Sun, Mar 8
Khamenei's name as Iran's leader will continue says member of Assembly of Experts
DUBAI, March 8 (Reuters) - Khamenei's name as Iran's leader will continue, a member of Iran's Assembly of Experts, Hosseinali Eshkevari, said on Sunday, adding the new leader has been selected and will be soon announced by officials. "With the majority of votes, the person who will c...Reuters
Sun, Mar 8
Iranian army says at least 104 killed in US attack on Iranian warship last week
March 8 (Reuters) - The Iranian army said on Sunday that at least 104 people were killed and 32 were wounded in an attack by the U.S. on an Iranian warship off Sri Lanka's coast last week.A U.S. submarine sank the frigate Dena in the Indian Ocean about 19 nautical miles off Sri Lanka's south...Reuters
Sun, Mar 8
