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Oil prices expected to stay high for days, all eyes on Strait of Hormuz flows
March 2 (Reuters) - Analysts expect oil prices to remain elevated over the coming days with conflict escalating in the Middle East, as they assess the impact to supplies, especially flows through the Strait of Hormuz, a conduit for more than 20% of global oil.Crude futures surged more than 8% on Mon...Reuters
Mon, Mar 2
PRECIOUS-Gold climbs as US-Israel strikes on Iran spark safe-haven demand
By Ashitha Shivaprasad and Kavya Balaraman March 2 (Reuters) - Gold XAU= prices rose on Monday after the U.S. and Israel launched major strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty. Spot gold XAU= was up...Reuters
Mon, Mar 2
Japan has not yet decided on oil stockpile release
TOKYO, March 2 (Reuters) - Japan's government has made no decision so far on the release of crude oil stockpiles following the U.S. and Israeli attacks on Iran, an official with Japan's Ministry of Economy, Trade and Industry said on Monday.There has been no request so far for international ...Reuters
Mon, Mar 2
U.S.-Iran Conflict Escalation Triggers Market Volatility. International Oil Prices Surge, Gold Safe-Haven Demand Rises
TradingKey - On Monday, crude oil prices in Asian markets surged as tensions in the Middle East continued to escalate following joint military strikes by the U.S. and Israel against Iran. International benchmark Brent crude jumped approximately 13% at the open, hitting an intraday high of $82 per barrel before paring some of those gains.
GRAINS-Chicago soybeans gain on rising soyoil prices; wheat slips
BEIJING, March 2 (Reuters) - Chicago soybean futures rose on Monday, tracking gains in soyoil prices after crude oil climbed amid an ongoing military conflict in the Middle East.However, a record soybean harvest in Brazil and an uncertain demand from China kept the gains in check.Wheat pulled back f...Reuters
Mon, Mar 2
TECHNICALS-US oil to revisit June 23 high of $78.40
For more technical analyses, click SINGAPORE, March 2 (Reuters) - U.S. oil CLc1 is expected to revisit its June 23 high of $78.40 per barrel due to a major breakout on Monday.The contract has broken a long-term trendline falling from the March 2022 high of $124.23. The break signals a reversal of th...Reuters
Mon, Mar 2
Japan's Itochu says oil, product supplies from the Gulf impacted by attacks on Iran
TOKYO, March 2 (Reuters) - Japanese trading house Itochu 8001.T has started to experience "some impact" on shipments of its crude oil and petroleum products from the Gulf as several ports there have been affected by fallout from the U.S. and Israeli attacks on Iran, it said in emailed statem...Reuters
Mon, Mar 2
PRECIOUS-Gold climbs 2% as US-Israel strikes on Iran raise regional temperature
March 2 (Reuters) - Gold XAU= prices rose as much as 2% on Monday after the U.S. and Israel launched major strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty.Reuters
Mon, Mar 2
PRECIOUS-Gold rises 1% as US-Israel strikes on Iran raise regional temperature
By Ashitha Shivaprasad March 2 (Reuters) - Gold XAU= prices rose more than 1% on Monday after the U.S. and Israel launched major strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty. Spot gold XAU= was up 1.35% ...Reuters
Mon, Mar 2
ROI-OPEC+ crude output boost ignored with duration of Hormuz disruption key: Russell
LAUNCESTON, Australia, March 2 (Reuters) - The OPEC+ decision to lift crude oil output by 206,000 barrels per day (bpd) from April is probably the least consequential decision the group has made in nearly a decade of existence.Reuters
Mon, Mar 2
PRECIOUS-Gold rises 1% as US-Israel strikes on Iran raise regional temperature
March 2 (Reuters) - Gold XAU= prices rose more than 1% on Monday, with investors picking up the metal's safe-haven properties after the U.S. and Israel launched large-scale strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei and escalating geopolitical tensions in the region.Bullion, ...Reuters
Sun, Mar 1
US gasoline prices to rise after attack on Iran, analysts warn
By Shariq Khan and Jarrett Renshaw NEW YORK, March 1 (Reuters) - U.S. average retail gasoline prices are set to break above $3 a gallon on Monday for the first time in more than three months as the conflict between the United States and major oil producer Iran interrupts global oil flows, analyst...Reuters
Sun, Mar 1
Three tankers damaged in Gulf and one seafarer killed as US-Iran conflict escalates
Hundreds of ships drop anchor owing to growing risksWar risk insurance rates expected to surge Iran says it has halted navigation through Strait of Hormuz By Yousef Saba, Jaidaa Taha and Jonathan Saul DUBAI/LONDON, March 1 (Reuters) - At least three tankers were damaged off the Gulf coast and one...Reuters
Sun, Mar 1
Shipping companies divert vessels around Cape of Good Hope after strikes on Iran
Maersk, Hapag-Lloyd suspend transit through Strait of HormuzMaersk had last month begun gradual return through Suez CanalMediterranean Shipping Company suspends cargo bookings to regionMSC, CMA CGM instruct vessels in and around Gulf to seek shelterBy Louise Rasmussen and Kanjyik Ghosh March 1 (R...Reuters
Sun, Mar 1
Hapag-Lloyd introduces war risk surcharge for Gulf cargo due to Middle East disruption
BERLIN, March 1 (Reuters) - German shipping group Hapag-Lloyd is introducing a war risk surcharge for cargo to and from the Upper Gulf, Arabian Gulf and Persian Gulf from March 2 until further notice due to the dynamic situation around the Strait of Hormuz and disruption.The charge will be $1,500 p...Reuters
Sun, Mar 1
Hapag-Lloyd: IMX service rerouted via Cape of Good Hope
BERLIN, March 1 (Reuters) - German shipping group Hapag-Lloyd is rerouting its IMX container shipping service that connects India and the Middle East with the Mediterranean via the Cape of Good Hope due to the security situation, it said on Sunday."Due to the deteriorating security situation in ...Reuters
Sun, Mar 1
Crew member killed after projectile hits MKD VYOM tanker off Oman, manager says
LONDON, March 1 (Reuters) - A projectile hit the Marshall Islands–flagged product tanker MKD VYOM killing a crew member on board as the vessel sailed off the coast of Oman, manager V.Ships said on Sunday."The vessel suffered an explosion and subsequent fire after being struck by a suspected proj...Reuters
Sun, Mar 1
Crew member killed after projectile hits MKD VYOM tanker off Oman, manager says
LONDON, March 1 (Reuters) - A projectile hit the Marshall Islands–flagged product tanker MKD VYOM killing a crew member on board as the vessel sailed off the coast of Oman, manager V.Ships said on Sunday.Reuters
Sun, Mar 1
Abu Dhabi complex housing embassies damaged as retaliatory strikes widen in Gulf
Retaliatory strikes target Gulf states for second dayLoud blasts over Dubai and Doha, Oman hit for first timeConflict affecting Gulf aviation and trade hubsBy Maha El Dahan and Andrew Mills DUBAI, March 1 (Reuters) - Debris from an intercepted drone damaged an Abu Dhabi complex housing the Israel...Reuters
Sun, Mar 1
Germany's Merz shares US aim to end Iran nuclear armament
BERLIN, March 1 (Reuters) - Germany's government agrees with the U.S. in wanting to see an end to Iran's nuclear and ballistic armament, Chancellor Friedrich Merz said on Sunday, adding, however, that this entailed risks."We share the U.S.’ interest in seeing an end to this regime’s terr...Reuters
Sun, Mar 1
