News
Important Only
Official says UAE wants Iran aggression against Gulf to end immediately
DUBAI, March 7 (Reuters) - An Emirati official said on Saturday that the United Arab Emirates wanted the Iranian aggression against non-combatant states, the Gulf states, to end immediately."Any sort of escalation is worrying. We want to contain the war. We don’t want the war to expand. We want ...Reuters
Sat, Mar 7
Kuwait cuts oil production as precaution amid Iran tensions, KPC says
March 7 (Reuters) - Kuwait said it had implemented a precautionary reduction in crude oil production and refining throughput following the ongoing attacks by Iran against Kuwait and "Iranian threats to safe passage of ships through the Strait of Hormuz," Kuwait Petroleum Corporation (KPC) sa...Reuters
Sat, Mar 7
Turkey's Erdogan tells UK's Starmer more can be done for dialogue on Iran
ISTANBUL, March 7 (Reuters) - Turkish President Tayyip Erdogan told British Prime Minister Keir Starmer by phone that there are still things that can be done to build a ground for dialogue on Iran, and that Turkey's peace-focused efforts are ongoing.The Turkish presidency statement on Saturday c...Reuters
Sat, Mar 7
Turkey considering deployment of F-16s to Cyprus, ministry source says
ANKARA, March 7 (Reuters) - Turkey is considering the deployment of F-16 aircraft to Cyprus, a Turkish defence ministry source said on Saturday.The person said such a move was one of the steps being considered amid the phased planning underway to ensure the security of the breakaway Turkish Cypriot ...Reuters
Sat, Mar 7
Indian Oil Corp books some oil cargoes from Red Sea, source says
March 7 (Reuters) - Top Indian refiner, Indian Oil Corp IOC.NS, has booked some oil cargoes for loading from the Red Sea port of Yanbu, a company source said on Saturday.The U.S.-Israel war with Iran has disrupted oil and natural gas exports from the Middle East, while top oil exporter Saudi Arabia ...Reuters
Sat, Mar 7
Iran war threatens a prolonged hit to global energy markets
Conflict disrupts global oil supply, Strait of Hormuz key to resolutionMiddle East oilfields, refineries face shutdowns, prolonged recovery expectedEnergy price hikes pose political risk for Trump amid midterm electionsBy Timour Azhari and Marwa Rashad March 7 (Reuters) - The war with Iran could ...Reuters
Sat, Mar 7
India raises cooking gas prices as Iran war hits supply
By Nidhi Verma NEW DELHI, March 7 (Reuters) - Indian companies have raised the prices of liquefied petroleum gas, mostly used as a cooking fuel, for the first time in about a year, as global prices surge with the U.S.-Israel war on Iran disrupting supplies from the Middle East.Indian Oil Corp, th...Reuters
Sat, Mar 7
India let Iran warship dock the day US sank another off Sri Lanka, officials say
NEW DELHI, March 6 (Reuters) - India has allowed an Iranian warship to dock as a humanitarian gesture, Foreign Minister Subrahmanyam Jaishankar said on Saturday, after the U.S. sank another Iranian navy vessel off neighbouring Sri Lanka.The Lavan docked at India's southern port of Kochi on Wedne...Reuters
Sat, Mar 7
Emirates says all flights to and from Dubai suspended
CAIRO, March 7 (Reuters) - Emirates said on Saturday that all flights to and from Dubai have been suspended until further notice, according to a post from the UAE flag carrier on X. Emirates has been operating limited services from Dubai and Abu Dhabi through safe air corridors.Reuters
Sat, Mar 7
Halliburton, KBR, Schlumberger begin evacuating expat Staff From Iraq oilfields to Kuwait, sources say
BAGHDAD, March 7 (Reuters) - Several foreign oil companies, including Halliburton, KBR and Schlumberger, have begun evacuating expatriate staff from oil fields in Iraq to Kuwait through the Safwan border crossing, two Iraqi sources told Reuters on Saturday.The move followed Iranian strikes on the re...Reuters
Sat, Mar 7
Azerbaijan says it foils Iranian plots including plan to attack major pipeline
BAKU, March 7 (Reuters) - Azerbaijan said it had prevented several acts of "terrorist" sabotage planned by Iran's Islamic Revolutionary Guard Corps (IRGC), including a plot to attack a major oil pipeline running through the South Caucasus to Turkey.The targets included the Baku-Tbilisi-C...Reuters
Sat, Mar 7
ANALYSIS-One week into Iran war, the dangers for the US and Trump multiply
MAGA support for Trump on Iran remains, but could impact midterm electionsIran's threat to Strait of Hormuz poses economic risks, oil traffic haltedConflict could have repercussions on US midterm elections By Matt Spetalnick and Andrea ShalalWASHINGTON, March 7 (Reuters) - One week into the U.S....Reuters
Sat, Mar 7
Tornadoes kill four, injure more than a dozen in rural Michigan
By Maria TsvetkovaNEW YORK, March 6 (Reuters) - Tornadoes and strong storms killed at least four people and injured more than a dozen in southern Michigan on Friday, destroying multiple homes and leaving hundreds of residents without power, local authorities said. Soon after the National Weather Ser...Reuters
Sat, Mar 7
China's central bank extends gold buying to 16th month
SHANGHAI, March 7 (Reuters) - China's central bank kept purchasing gold for a 16th straight months, with its holdings totalling 74.22 million fine troy ounces by the end of February, versus the previous month's 74.19 million. The value of China's gold reserves stood at $387.59 billion at...Reuters
Sat, Mar 7
China's forex reserves rise in February as dollar gains
SHANGHAI, March 7 (Reuters) - China's foreign exchange reserves rose to $3.428 trillion at the end of February, central bank data showed on Saturday, as the dollar took a reprieve after a months-long decline. The country's foreign exchange reserves, the world's largest, matched a Reuters...Reuters
Sat, Mar 7
China gold reserves at 74.22 mln fine troy oz at end-Feb vs 74.19 mln troy oz at end-Jan - central bank
SHANGHAI, March 7 (Reuters) - China gold reserves rose to 74.22 million fine troy ounces at the end of February from 74.19 million a month earlier, data from the People's Bank of China showed on Saturday.Reuters
Sat, Mar 7
China FX reserves rise to $3.428 trln end-Feb from $3.399 trln end-Jan
SHANGHAI, March 7 (Reuters) - China's foreign exchange reserves rose to $3.428 trillion at the end of February from $3.399 trillion a month earlier, central bank data showed on Saturday, as the dollar took a reprieve after a months-long decline.Reuters
Sat, Mar 7
Iran war sends US crude futures up 12% a barrel
WTI hits level last seen in September 2023Brent trades over $90 per barrel for first time since April 2024Trump says he is unconcerned about rising gasoline pricesQatar's energy minister says oil could reach $150 a barrelBy Erwin Seba HOUSTON, March 6 (Reuters) - U.S. crude futures climbe...Reuters
Sat, Mar 7
