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US Supreme Court sides with oil companies in Louisiana coastal damage litigation
By Nate Raymond April 17 (Reuters) - The U.S. Supreme Court on Friday sided with oil companies, including Chevron CVX.N, in their effort to have lawsuits by Louisiana officials seeking to hold them responsible for harming the state's coastal areas moved out of the Bayou State's courthouse...Reuters
Fri, Apr 17
CORRECTED-Nornickel says higher prices offset increased costs, delivery times from Iran war
MOSCOW, April 17 (Reuters) - Russian metals producer Nornickel GMNN.MM said the Iran war has extended delivery times for its base metals exports by about three weeks and increased freight costs, but higher metal prices offset the extra expenses.U.S. and Israeli strikes on Iran since late February ha...Reuters
Fri, Apr 17
Over a dozen countries offer to play role in Hormuz mission, Starmer says
France and Britain chaired meeting of around 50 countriesNew meeting in London next week Initiative does not include US or Iran for now, but diplomats say coordination neededBy John Irish and Michel Rose PARIS, April 17 (Reuters) - More than a dozen countries said on Friday they were willing ...Reuters
Fri, Apr 17
Russian billionaire says drone attacks affect nitrogen fertiliser trade
Melnichenko says drone attacks add to fertiliser trade disruptionStrait of Hormuz blockade hits nitrogen fertiliser production hardestExpects Middle East phosphate producers to change logistics quicklyBy Olesya Astakhova MOSCOW, April 17 - Drone attacks in recent months are having a significant i...Reuters
Fri, Apr 17
QUOTES-Reactions of industry and leaders to Iran saying Hormuz is open
LONDON, April 17 (Reuters) - Iran's foreign minister said the Strait of Hormuz, a critical waterway for transporting global oil and gas, was open for all commercial vessels following a ceasefire accord agreed in Lebanon.Here are some quotes from the shipping industry and world leaders on the Ira...Reuters
Fri, Apr 17
Mine threat in parts of Hormuz not fully understood, US navy advisory says
LONDON, April 17 (Reuters) - The threat posed by mines in parts of the Strait of Hormuz is not fully understood and avoidance of the area by ships should be considered, a U.S. navy advisory said on Friday. "Status of TSS mine threat is not fully understood. Consider avoidance of that area," ...Reuters
Fri, Apr 17
Silver Price Forecast: XAG/USD jumps on weaker Dollar, revived Fed rate‑cut bets
Silver (XAG/USD) surges on Friday, trading around $82.60 at the time of writing, up 5.40% on the day as the US Dollar (USD) weakens and markets reassess the outlook for United States (US) monetary policy.
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Fri, Apr 17
US Plains HRW Wheat-Spot basis bids flat amid dry weather
CHICAGO, April 17 (Reuters) - Basis bids for hard red winter wheat were unchanged in the U.S. Plains states on Friday as farmers remained reluctant to sell as they assessed forecasts for chances of rain.Wheat has climbed sharply this week on concerns that persisting drought, coupled with forecast fr...Reuters
Fri, Apr 17
EXPLAINER-What is the Strait of Hormuz and why is it so critical to the world?
April 17 (Reuters) - Iran's foreign minister said the Strait of Hormuz was open for all commercial vessels for the remainder of the U.S.-brokered 10-day ceasefire between Israel and Iran-backed Hezbollah, prompting a sharp fall in the price of oil.A senior Iranian official said all vessels, exce...Reuters
Fri, Apr 17
QUOTES-Reactions of industry and leaders to Iran saying Hormuz is open
LONDON, April 17 (Reuters) - Iran's foreign minister said the Strait of Hormuz, a critical waterway for transporting global oil and gas, was open for all commercial vessels following a ceasefire accord agreed in Lebanon.Here are some quotes from the shipping industry and world leaders on the Ira...Reuters
Fri, Apr 17
EU could release jet fuel stocks if Hormuz disruption persists
By Joanna Plucinska LONDON, April 17 (Reuters) - The European Union is prepared to coordinate a release of jet fuel stocks if disruption to the Strait of Hormuz persists, an EU spokesperson told Reuters on Friday, even as Iran temporarily reopened the key waterway. European airlines and regulator...Reuters
Fri, Apr 17
Hezbollah lawmakers affirm 'cautious commitment' to truce but criticise Lebanese government
BEIRUT, April 17 (Reuters) - Lebanese lawmakers representing armed group Hezbollah expressed their "cautious commitment" to a ceasefire with Israel on Friday but said it must ensure that all Israeli hostilities stop and must limit the Israeli military's "freedom of movement" in L...Reuters
Fri, Apr 17
Lebanon health ministry says 2,294 killed in Israeli attacks since March 2
April 17 (Reuters) - Lebanon's health ministry said on Friday that at least 2,294 people have been killed and 7,544 wounded in Israeli attacks since March 2, adding that the toll remains non-final pending debris removal, body recovery and DNA identification.The ministry said 100 paramedics and h...Reuters
Fri, Apr 17
Nordic leaders welcome Iran's statement on Strait of Hormuz
STOCKHOLM, April 17 (Reuters) - Leaders of Finland, Norway, Sweden and Denmark on Friday welcomed Iran's announcement on opening the Strait of Hormuz, and said they supported diplomatic efforts to find lasting solutions to the conflict. Iran said earlier on Friday the strait was open foll...Reuters
Fri, Apr 17
ROI-Iran war's sulfurous fallout spreads to copper and nickel: Andy Home
By Andy Home LONDON, April 17 (Reuters) - The Iran war has already caused turmoil in the global aluminium market but now the fallout is spreading to both copper and nickel supply chains. The conduit is sulfur, a by-product of the Gulf's oil and gas industry that has been effectively trapped s...Reuters
Fri, Apr 17
US natgas prices edge up with output drop, near-record LNG feedgas
Mild weather and renewables push Texas, California spot prices to record lowsU.S. gas storage levels seen at 7% above normal as firms inject more supplyLSEG projects lower gas demand next week amid warmer-than-normal forecastsBy Scott DiSavino NEW YORK, April 17 (Reuters) - U.S. natural gas futur...Reuters
Fri, Apr 17
Finland's Stubb says diplomacy needed for lasting solutions after Iran statement on Hormuz Strait
STOCKHOLM, April 17 (Reuters) - Finland's President Alexander Stubb said on Friday the Nordic country welcomes Iran's announcement on opening the Strait of Hormuz, adding that lasting solutions require diplomacy.Reuters
Fri, Apr 17
EU calls on Iran to drop transit fee plans in Hormuz Strait
BRUSSELS, April 17 (Reuters) - Iran should abandon all plans to levy transit fees in the Strait of Hormuz and keep transit open for all, EU foreign policy chief Kaja Kallas Said on Friday."Under international law, transit through waterways like the Strait of Hormuz must remain open and free of c...Reuters
Fri, Apr 17
PRECIOUS-Gold extends gains after Iran minister declares Strait of Hormuz open
Trump expects Iran deal 'soon'Spot gold up over 2% for the week Silver, platinum and palladium head for weekly gains Indian banks halt gold, silver imports amid delay in government clearanceBy Ashitha Shivaprasad April 17 (Reuters) - Gold prices extended gains on Friday, supported by a we...Reuters
Fri, Apr 17
Vessels passing via Hormuz need IRGC permission, Iran state TV cites senior military official saying
April 17 (Reuters) - Commercial vessels can pass through the Strait of Hormuz along a determined route with the permission of the Islamic Revolutionary Guards navy, Iran's state TV reported, citing a senior military official.Military vessels will not be allowed to pass through the strait, the of...Reuters
Fri, Apr 17
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