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PRECIOUS-Gold jumps over 2% as US-Israel strikes on Iran trigger rush to safe havens
Gold trades above $5,400 per ounceSilver touches highest level since January 30Israel strikes Lebanon following Hezbollah attacksBy Noel John March 2 (Reuters) - Gold prices rose more than 2% as U.S.-Israel strikes on Iran expanded on Monday with no end in sight, stoking fears of wider geopolitic...Reuters
Mon, Mar 2
Germany says flying stranded nationals out of the Middle East is measure of last resort
BERLIN, March 2 (Reuters) - A German defence ministry spokesperson said on Monday that using military aircraft to evacuate German nationals stranded in the Middle East is a measure of last resort after all efforts to use commercial operators have been exhausted.Reuters
Mon, Mar 2
Lebanese prime minister says Lebanon will ban Hezbollah's military activities
March 2 (Reuters) - Lebanese Prime Minister Nawaf Salam said Lebanon will ban Hezbollah's military activities after Israel said it struck Hezbollah-linked sites in response to the group's missile and drone attacks following the reported killing of Iran's Supreme Leader Ali Khamenei.Reuters
Mon, Mar 2
Trafigura, Venture Global sign five‑year US LNG supply deal
March 2 (Reuters) - Venture Global VG.N has agreed to sell about 0.5 million tonnes per annum (MTPA) of U.S. liquefied natural gas to commodity trader Trafigura for five years, starting in 2026, the companies said on Monday.The agreement marks the latest move by Trafigura to secure North American LN...Reuters
Mon, Mar 2
Germany ramps up efforts to aid nationals stranded in the Middle East
BERLIN, March 2 (Reuters) - Germany's government is working "round the clock" to support its nationals stranded in the Middle East following widespread travel disruptions, a spokesperson for the foreign ministry said on Monday.Reuters
Mon, Mar 2
Germany says its soldiers deployed in the Middle East will defend themselves if attacked
BERLIN, March 2 (Reuters) - A German government spokesperson said on Monday that the nation's military personnel deployed in the Middle East have the right to defend themselves if attacked, following the U.S.-Israeli military assault on Iran.Reuters
Mon, Mar 2
ANALYSIS-South Bow plan to revive parts of Keystone XL needs Trump approval, US oil pipeline links
South Bow's plan to revive KXL needs additional links in US Proposal leverages existing infrastructure in CanadaEnvironmental, Indigenous opposition likely for South Bow's pipeline expansionBy Amanda Stephenson CALGARY, March 2 (Reuters) - A proposal led by Canadian company South Bow SOBO...Reuters
Mon, Mar 2
Asian LNG benchmark jumps nearly 39% to 15.068/mmbtu, Platts data shows
LONDON, March 2 - The Japan-Korea-Marker (JKM), widely used as an Asian LNG benchmark, rose nearly 39% to $15.068 per million British thermal units (mmBtu) on Monday, after the United States and Israel attacked Iran and Tehran retaliated, Platts, part of S&P Global Energy, told Reuters on Monday...Reuters
Mon, Mar 2
Sugar prices rally on fears Iran war will raise ethanol demand, lower sugar output
World sugar prices rallied on Monday on fears the U.S.-Israel war with Iran, which is disrupting global energy supplies, will prompt Brazilian cane mills to produce more ethanol and less sugar.Ethanol is a cane-based biofuel. If mills in top sugar grower Brazil use more cane to produce the fuel, the...Reuters
Mon, Mar 2
European diesel refining margins surge as US-Iran conflict escalates
LONDON, March 2 (Reuters) - Benchmark European diesel refining margins LGOc1-LCOc1 rose nearly 25% on Monday, to their widest since November 20, as the U.S.-Iran conflict disrupted supplies in the Middle East. Margins traded at $30.75 a barrel at 1020 GMT, up by nearly $6, after hitting a session hi...Reuters
Mon, Mar 2
Only lasting solution in Iran is a diplomatic one, von der Leyen says
BRUSELS, March 2 (Reuters) - The only lasting solution for the crisis in Iran is a diplomatic one, EU Commission President Ursula von der Leyen said on Monday."This means a credible transition for Iran, the definite halt to both the nuclear and ballistic programs and an end to destabilizing acti...Reuters
Mon, Mar 2
Asian LNG benchmark jumps to $13.133/mmbtu amid US-Iran conflict, Platts data shows
By Marwa Rashad and Emily Chow LONDON/SINGAPORE, March 2 - Benchmark Asian liquefied natural gas (LNG) prices jumped over 20% on Monday as a widening conflict following U.S. and Israeli strikes on Iran - and Tehran's retaliation - choked tanker traffic through the Strait of Hormuz.Platts, par...Reuters
Mon, Mar 2
Marine insurers cancel war risk cover, tanker costs to rise as Iran conflict intensifies
Marine insurers cancel war risk coverShipping disruption in Gulf sparks oil price jump Mideast-China oil shipping rate at over six-year highBy Emily Chow and Jeslyn Lerh SINGAPORE, March 2 (Reuters) - Marine insurers are cancelling war risk coverage for vessels and oil shipping rates are set to s...Reuters
Mon, Mar 2
Vessel in Bahrain port struck by two projectiles, UKMTO says
DUBAI, March 2 (Reuters) - The United Kingdom Maritime Trade Operations said on Monday it received a report of an incident in the port of Bahrain where a vessel was struck by two unknown projectiles, causing a fire.The fire was extinguished, the vessel remained in the port, and the crew were evacuat...Reuters
Mon, Mar 2
MSC Cruises says Euribia to remain in Dubai port as per US guidance, says MSC Cruises
BERLIN, March 2 (Reuters) - The cruise ship MSC Euribia will remain in the port of Dubai in accordance with guidance from regional U.S. military authorities, a spokesperson for MSC Cruises said on Monday."We are actively in contact with embassies and foreign offices to ensure they have the relev...Reuters
Mon, Mar 2
China oil refiners cushioned from Iran conflict with ample Iranian, Russian supply at hand
Abundant supplies from Iran, Russia now en route to China Government stockpiles around 900 million barrels, about 78 days of importsIran oil discounts expected to narrow amid concern that supply will tighten By Chen Aizhu, Siyi Liu and Sam Li March 2(Reuters) - Oil refiners in China will likely h...Reuters
Mon, Mar 2
Iranian attacks targeted civilian infrastructure in Qatar including airport, spokesperson says
March 2 (Reuters) - Qatar has intercepted Iranian attacks that targeted civilian infrastructure, including the international airport, the Qatari foreign ministry spokesperson told CNN on Monday, adding that such attacks could not remain unanswered.Majed Al Ansari also said that Qatar was not engagin...Reuters
Mon, Mar 2
Asian LNG benchmark jumps to $13.133/mmbtu amid US-Iran conflict - Platts data
LONDON/SINGAPORE, March 2 - The Japan-Korea-Marker (JKM), widely used as an Asian LNG benchmark, rose 20.7% to $13.133 per million British thermal units (mmBtu) on Monday, after the U.S. and Israel attacked Iran and Tehran retaliated, Platts, part of S&P Global Energy, told Reuters on Monday.Reuters
Mon, Mar 2
