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REFILE-Diplomatic push underway on Hormuz fertiliser proposal, UN says, as shortages bite
By Olivia Le Poidevin GENEVA, April 13 (Reuters) - A diplomatic push is under way on a U.N.-led proposal to ensure safe passage for fertiliser shipments through the Strait of Hormuz, the U.N. said on Monday, with a source familiar with discussions emphasising growing urgency due to shortages.The ...Reuters
Mon, Apr 13
FACTBOX-UBS raises Brent oil price view as Strait of Hormuz disruptions persist
April 13 (Reuters) - The path of least resistance for crude oil prices continues to remain upward as long as flows through the Strait of Hormuz stay restricted, UBS said in a note on Monday as it raised its Brent crude prices forecasts.The bank increased its Brent price forecast to $100 a barrel by ...Reuters
Mon, Apr 13
RPT-ROI-Trump returns to weary and failing playbook with Hormuz blockade threat: Russell
By Clyde Russell LAUNCESTON, Australia, April 13 (Reuters) - Escalate to de-escalate is a well-worn playbook employed by U.S. President Donald Trump, and no doubt global crude oil markets are hoping his promise to blockade the Strait of Hormuz is just the latest example of this ploy.The announcem...Reuters
Mon, Apr 13
OPEC lowers second-quarter global oil demand forecast on Iran war
LONDON, April 13 (Reuters) - OPEC on Monday lowered its forecast for world oil demand in the second quarter, citing the impact of the ongoing war in the Middle East, a copy of its monthly oil report seen by Reuters showed.OPEC also said that for the full year, global demand growth is unchanged from ...Reuters
Mon, Apr 13
US military to enforce blockade in Gulf of Oman, Arabian Sea - note to seafarers
LONDON, April 13 (Reuters) - The U.S. military will enforce a blockade in Gulf of Oman and Arabian Sea east of the Strait of Hormuz and it will apply to all vessel traffic regardless of flag, the U.S. Central Command said in a note to seafarers seen by Reuters on Monday. The advanced note said th...Reuters
Mon, Apr 13
Oil: Prices surge on Hormuz blockade threat – ING
ING’s Ewa Manthey and Warren Patterson report that Oil markets rallied sharply after US-Iran talks collapsed, with ICE Brent jumping over 9% and NYMEX WTI moving above $105/bbl. The US plans a maritime blockade around Iranian ports, stoking supply fears.
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Mon, Apr 13
GRAINS-Wheat, corn rise as US prepares to blockade the Strait of Hormuz
HAMBURG, April 13 (Reuters) - Chicago wheat and corn rose on Monday, supported by higher crude oil prices after U.S.-Iran talks collapsed and a potential U.S. blockade of the Strait of Hormuz heightened concerns over global fuel and fertilizer supplies.Soybeans fell as support from a recent U.S. soy...Reuters
Mon, Apr 13
Iran in touch with India on ships passage through Strait of Hormuz, Iranian envoy says
NEW DELHI, April 13 (Reuters) - Iran has "good contact" with the Indian government on passage of the South Asian nation's ships through the Strait of Hormuz and wants to help New Delhi, Iranian Ambassador to India Mohammad Fathali said on Monday. The U.S.-Israeli war on Iran, which began...Reuters
Mon, Apr 13
EU member states must coordinate on energy prices amid Iran conflict, von der Leyen says
BRUSSELS, April 13 (Reuters) - The European Union's member states must coordinate on energy prices amid a 22 billion euro ($25.70 billion) increase in fossil fuel bills since the start of the Iran war, EU Commission President Ursula von der Leyen said on Monday."We're also looking into ....Reuters
Mon, Apr 13
RPT-ROI-Iran's Hormuz gamble ushers in a tense new normal for Gulf energy: Bousso
By Ron Bousso LONDON, April 13 (Reuters) - The Iran war and the closure of the Strait of Hormuz have shattered a status quo that prevailed among Middle East oil and gas producers for decades. Even if the current, shaky ceasefire holds, the uneasy “new normal” has likely set the stage for yet anot...Reuters
Mon, Apr 13
JP Morgan expects aluminium to average about $3,500 a ton in second half of 2026
April 13 (Reuters) - JP Morgan expects aluminium prices to average about $3,500 a metric ton over the second half of 2026, it said on Monday.The bank also forecast a 1.9 million ton primary aluminium deficit in 2026, driven by a 2.4 million ton hit to Middle East supply. It highlighted that this wou...Reuters
Mon, Apr 13
EU member states must coordinate on energy prices amid Iran conflict, von der Leyen says
BRUSSELS, April 13 (Reuters) - The European Union's member states must coordinate on energy prices amid a 22 billion euro ($25.70 billion) increase in fossil fuel bills since the start of the Iran war, EU Commission President Ursula von der Leyen said on Monday.Von der Leyen said coordination of...Reuters
Mon, Apr 13
Restoring traffic in Strait of Hormuz is of 'paramount' importance, von der Leyen says
BRUSSELS, April 13 (Reuters) - EU Commission President Ursula von der Leyen said on Monday that restoration of freedom of navigation in the Strait of Hormuz was of "paramount" importance.Her remarks came after U.S. President Donald Trump said the United States would begin a blockade of marit...Reuters
Mon, Apr 13
REFILE-UBS raises Brent oil price forecasts as Strait of Hormuz disruptions persist
April 13 (Reuters) - UBS on Monday raised its Brent oil price forecasts for the remaining quarters of 2026 and first quarter of 2027 as flows through the Strait of Hormuz continue to be restricted. It raised its Brent forecast to $100 a barrel by the end of June 2026, $95 by the end of September and...Reuters
Mon, Apr 13
Morgan Stanley maintains oil price forecasts and predicts slow recovery in supply
April 13 (Reuters) - Morgan Stanley left its Brent crude oil price forecasts unchanged on Monday, at $110 a barrel for the second quarter of 2026 and $100 a barrel in the third quarter, falling to $80 a barrel in 2027.The bank said it expected oil supply chains to take months to normalise even if a ...Reuters
Mon, Apr 13
Keiko Fujimori holds lead in Peru's election with 50% of ballots counted
LIMA, April 13 (Reuters) - Conservative Keiko Fujimori lead the preliminary results of Peru's presidential vote with 17% on Monday, as 50% of ballots were counted. The former congresswoman was followed by Lopez Aliaga with 15%, according to the electoral authority ONPE, in a race marred by polli...Reuters
Mon, Apr 13
Oil tankers steer clear of Hormuz ahead of US blockade
US to start blockading vessels later on Monday from reaching Iranian portsTwo Pakistani tankers enter the Gulf on SundayMalta-flagged tanker makes U-turn at HormuzBy Florence Tan and Jonathan Saul SINGAPORE/LONDON, April 13 (Reuters) - Two Iranian-linked tankers exited the Gulf on Monday as o...Reuters
Mon, Apr 13
Freeport Indonesia aims to produce 1.1 billion pounds of copper cathode, 0.8 mln oz of gold in 2026
JAKARTA, April 13 (Reuters) - Freeport Indonesia is aiming to produce 1.1 billion pounds of copper cathode and around 0.8 million ounces of gold this year, chief executive Tony Wenas said on Monday.The company is ramping its production after a fatal landslide disrupted its operations in the second h...Reuters
Mon, Apr 13
Morgan Stanley Maintains Brent Oil Price Forecast
April 13 (Reuters) - MORGAN STANLEY:LEAVES ITS DATED BRENT FORECASTS UNCHANGED – $110/BBL IN Q2'26, $100/BBL IN Q3'26, BEFORE SETTLING AROUND A LEVEL OF $80/BBL IN 2027ASSUMES THAT EXPORTS VIA HORMUZ REMAIN SUBDUED IN APRIL, RECOVER AROUND 70% OF THE DECLINE DURING MAY-JULY, AND ONLY RETURN ...Reuters
Mon, Apr 13
Kremlin says US blockade of Strait of Hormuz will be bad for markets
MOSCOW, April 13 (Reuters) - The Kremlin on Monday criticised an announcement by U.S. President Donald Trump that the U.S. would blockade the Strait of Hormuz by sealing off access to Iranian ports, saying this would hurt global markets.The U.S. military said it would block ships from moving in and ...Reuters
Mon, Apr 13
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