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Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say
Brent jumps to $80 a barrel in over-the-counter tradeGulf oil flows disrupted after US and Israeli attacks on IranOPEC+ agrees to raise output by 206,000 bpdSaudi Arabia and UAE raise exports, sources sayBy Seher Dareen and Dmitry Zhdannikov LONDON, March 1 (Reuters) - Brent crude LCOc1 jumped 10...Reuters
Sun, Mar 1
OPEC+ agrees modest oil output boost even as US war on Iran disrupts shipments
OPEC+ agrees to raise output by 206,000 bpdUS attacks on Iran kill Khamenei, Gulf oil flows disruptedSaudi Arabia and UAE have already raised exports, sources sayOPEC has little spare production capacity, analysts sayHormuz needs to reopen for oil to reach markets, analysts sayBy Olesya Astakhova, A...Reuters
Sun, Mar 1
Russia warns of oil choke due to closure of Strait of Hormuz
MOSCOW, March 1 (Reuters) - Russia's foreign ministry said on Sunday that the closure of the Strait of Hormuz to shipping could lead to significant disbalances on the global oil and gas markets.Trading sources said on Saturday that several tanker owners, oil majors and trading houses have suspen...Reuters
Sun, Mar 1
REFILE-Missile debris, panic buying jolt Dubai's aura of calm after Iran attack
Residents experience shock and disbelief amid attacksMixed reactions among residents on Dubai's securityPanic buying and quiet streets reflect uneaseOne tourist describes fallout as 'very grounding'By Raghed Waked, Amr Alfiky, Timour Azhari and Rula Rouhana DUBAI, March 1 (Reuters) - ...Reuters
Sun, Mar 1
Russia warns of oil choke due to closure of Strait of Hormuz
MOSCOW, March 1 (Reuters) - Russia's foreign ministry said on Sunday that the closure of the Strait of Hormuz to shipping could lead to significant disbalances on the global oil and gas markets.It also said that the news of the killing of Ayatollah Ali Khamenei, members of his family and some hi...Reuters
Sun, Mar 1
Gulf businesses reel as Iran strikes trigger regional shutdowns
Gulf markets tumble as trading halts and volatility surgesRamadan networking events cancelled or postponedAirport and port shutdowns hit tourism and transit operationsBy Hadeel Al Sayegh, Federico Maccioni, Rachna Uppal and Ateeq Shariff DUBAI, March 1 (Reuters) - Iran's retaliatory strikes a...Reuters
Sun, Mar 1
Iran's Revolutionary Guard says it targeted US aircraft carrier, state media says
DUBAI, March 1 (Reuters) - The U.S. aircraft carrier USS Abraham Lincoln was targeted with four ballistic missiles on Sunday, Iran's Islamic Revolutionary Guard Corp said in a statement reported by state media.The USS Lincoln is one of two aircraft carriers deployed to the region in recent weeks...Reuters
Sun, Mar 1
Dubai gold flows curbed as flights halted due to US-Israeli strikes on Iran
Dubai gold hub affected by flight cancellations due to strikes on IranImpact on global supply depends on length of hostilities, sources say LONDON, March 1 (Reuters) - Physical gold flows to and from Dubai's bullion trading hub will be severely curbed in coming days as airlines cancel flights...Reuters
Sun, Mar 1
Maersk to reroute Middle Eastern shipping around Africa
March 1 (Reuters) - Danish shipper Maersk MAERSKb.CO plans to reroute its ships on the Middle East-India to Mediterranean and Middle East-India to East Coast U.S. routes around the Cape of Good Hope, it said in a statement on Sunday, citing the situation in the Middle East.The shipping giant would p...Reuters
Sun, Mar 1
Vessel struck by unknown projectile northwest of UAE's Mina Saqr, maritime security agency reports
CAIRO, March 1 (Reuters) - A vessel has been struck by an unknown projectile 17 nautical miles northwest of the United Arab Emirates' Mina Saqr in the emirate of Ras Al Khaimah, the United Kingdom Maritime Trade Operations agency said on Sunday.The projectile caused fire that has been extinguish...Reuters
Sun, Mar 1
German foreign minister says Iran must renounce nuclear armament
BERLIN, March 1 (Reuters) - Iran must understand that it has to give up nuclear armament if a good solution for the country is to be found, German Foreign Minister Johann Wadephul told NDR broadcaster on Sunday.Asked how things would develop in Iran, he said: "There is a common interest in findi...Reuters
Sun, Mar 1
Hundreds of ships drop anchor in Middle East Gulf, data shows
By Jonathan Saul LONDON, March 1 (Reuters) - At least 150 tankers, including crude and LNG vessels, dropped anchor in open Gulf waters beyond the Strait of Hormuz and dozens more were stationary on the other side of the chokepoint, shipping data showed on Sunday, after U.S. and Israeli strikes on...Reuters
Sun, Mar 1
QUOTES-Investors seek harbour in gold as US and Israel strike Iran
By Anmol Choubey and Anushree MukherjeeMarch 1 (Reuters) - The U.S. and Israeli strikes on Iran have intensified uncertainty across global markets, with investors closely watching potential safe-haven flows into bullion. Here is some reaction from investors, traders and analysts:EDWARD MEIR, ANALYST...Reuters
Sun, Mar 1
German secret service overseer warns of Iranian retaliation in Europe
BERLIN, March 1 (Reuters) - Retaliatory measures, including by Iranian sleeper cells in Europe, cannot be ruled out after U.S. and Israeli strikes killed Supreme Leader Ayatollah Ali Khamenei, the head of Germany's parliamentary control panel for the secret services said on Sunday."The Irani...Reuters
Sun, Mar 1
Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say
Brent jumps to $80 a barrel in over-the-counter tradeGulf oil flows disrupted after US and Israeli attacks on IranOPEC+ agrees to raise output by 206,000 bpdSaudi Arabia and UAE raise exports, sources sayBy Seher Dareen and Dmitry Zhdannikov LONDON, March 1 (Reuters) - Brent crude jumped 10% to a...Reuters
Sun, Mar 1
DHL: told employees in region affected by military strikes to work from home
DUESSELDORF, Germany, March 1 (Reuters) - Logistics group DHL DHLn.DE has instructed employees in the region affected by military strikes to work from home, a spokeswoman said on Sunday, adding employees not in the region should refrain from travelling there.Reuters
Sun, Mar 1
Lufthansa extends flight suspensions due to situation in Middle East
BERLIN, March 1 (Reuters) - German airline Lufthansa has suspended flights to Tel Aviv, Beirut, Amman, Erbil, Dammam and Tehran until and including March 8, due to the current situation in the Middle East, it said on Sunday, extending cancellations already in place.It also said airspace over Israel,...Reuters
Sun, Mar 1
Crude oil tanker MKD VYOM damaged by projectile off Oman's coast, security sources say
LONDON, March 1 (Reuters) - The Marshall Islands-flagged crude oil tanker MKD VYOM was hit by a projectile off the coast of Oman while sailing with a cargo, two maritime security sources said on Sunday.The vessel was hit some 44.4 nautical miles northwest of Muscat, one of the sources said.One of th...Reuters
Sun, Mar 1
Putin slams killing of Iran's Khamenei but offers little beyond condolences so far
Putin offers condolences to Iran Russia and Iran had strategic partnershipRise in oil prices would boost Russian revenues By Guy Faulconbridge and Vladimir Soldatkin MOSCOW, March 1 (Reuters) - Russian President Vladimir Putin on Sunday condemned the killing of Iranian Supreme Leader Ayatollah Al...Reuters
Sun, Mar 1
