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The Biggest Concern in the Israel-Iran Conflict: Will the Closure of the Strait of Hormuz Push Oil Prices Past $100?
TradingKey - The outbreak of conflict between Israel and Iran has shaken off the recent weakness in international oil prices, which surged 10% last week. Wall Street is now focused on whether this new front in the Middle East could lead to the closure of the Strait of Hormuz — a critical global oil
Oil and gas important in times of conflict, Saudi Aramco CEO says
KUALA LUMPUR, June 16 (Reuters) - The importance of oil and gas can't be underestimated at times when conflicts occur, something that was currently being seen, the head of Saudi oil giant Aramco 2222.SE told an energy conference on Monday.Aramco CEO Amin Nasser delivered his speech to the Energy...Reuters
Mon, Jun 16
METALS-Shanghai metals slip as Israel-Iran tensions, mixed China data weigh
SINGAPORE, June 16 (Reuters) - Most metals on the Shanghai Futures Exchange traded lower on Monday, as mixed economic data from China reinforced market caution and escalating tensions between Israel and Iran further weighed on investor sentiment.Reuters
Mon, Jun 16
Oil and gas important in times of conflict, Saudi Aramco CEO says
KUALA LUMPUR, June 16 (Reuters) - The importance of oil and gas can't be underestimated at times when conflicts occur, something that was currently being seen, the head of Saudi oil giant Aramco 2222.SE told an energy conference on Monday.Aramco CEO Amin Nasser delivered his speech to the Energy...Reuters
Mon, Jun 16
G7 needs to raise pressure on Russia, von der Leyen says
Europeans want to focus Trump on Ukraine Impact of Iran-Israel conflict on energy market in focusVon der Leyen speaks with NetanyahuBy John Irish KANANASKIS, Alberta, June 15 (Reuters) - More pressure must be exerted on Russia to secure a ceasefire in Ukraine, European Commission President Ursula...Reuters
Mon, Jun 16
Marathon Galveston Bay, Texas Refinery Reports Flaring On June 14
June 15 (Reuters) - MARATHON PETROLEUM CORP MPC.N :REPORTS LOSS OF PRIMARY CONTAINMENT IN THE RESID HYDORTREATING UNIT THAT LEAD TO DE-PRESSURING TO THE FLARE SYSTEM ON JUNE 14REPORTS DE-PRESSURED TO THE FLARE SYSTEM TO MINIMIZE EMISSIONS AND ACTIVATED THE EMERGENCY RESPONSE TEAMSOURCE: TEXAS COMMIS...Reuters
Mon, Jun 16
Phillips 66 Borger, Texas Refinery Reports Emissions
June 15 (Reuters) - Phillips 66 PSX.N:REPORTS EMISSIONS FROM 34 SRU INCINERATOR STACK EXCEEDED 500LBS OF SO2 DUE TO AN UPSETREPORTS THE EVENT BEGAN ON JUNE 13 AT 09:00 AM ET AND IS ONGOINGREPORTS OPERATIONS PERSONNEL TOOK STEPS TO MINIMIZE EMISSIONSSOURCE - TEXAS COMMISSION ON ENVIRONMENTAL QUALITY ...Reuters
Mon, Jun 16
WTI extends upside above $72.00 as Israel-Iran conflict deepens
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.15 during the Asian trading hours on Monday. The WTI price extends the rally to the highest since February after Israel attacked two natural gas facilities in Iran, raising fears that a wider war in the region could disFxstreet
Mon, Jun 16
EU's von der Leyen says negotiated solution over Iran conflict best long-term
KANANASKIS, Alberta, June 15 (Reuters) - European Commission President Ursula von der Leyen said on Sunday she had told Israeli Prime Minister Benjamin Netanyahu that a negotiated solution over the Iran conflict is the best option long-term.She said she spoke to U.S. President Donald Trump on Saturd...Reuters
Mon, Jun 16
Gold Price Forecast: XAU/USD climbs to near $3,450 amid Israel-Iran conflict
The Gold price (XAU/USD) attracts some buyers to near $3,445 during the early Asian session on Monday. The precious metal rises to over a one-month high due to escalating Middle East tensions and rising bets of a Federal Reserve (Fed) rate cut.Fxstreet
Mon, Jun 16
Oil prices rise as Israel-Iran conflict heightens fears of supply disruptions
TOKYO, June 16 (Reuters) - Oil prices jumped in early Asian trade on Monday after Israel and Iran launched fresh attacks on Sunday, heightening fears that escalating battle could trigger a broader regional conflict and widely disrupt oil exports from the Middle East.Reuters
Mon, Jun 16
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, June 16 (Reuters) - Contract Target Support/Resistance Brent oil $75.12/$74.37res $76.79/$77.36/$78.29Palm oil (3rd month)3,962/3,998 ringgitsup 3,883/3,856 ringgitWTI* $73.70/$73.19res $75.12/$76Spot gold$3,473sup $3,429/$3,413/$3,391LME cop...Reuters
Mon, Jun 16
EU's von der Leyen speaks with Netanyahu on Middle East unrest
June 15 (Reuters) - European Commission President Ursula von der Leyen said on Sunday that she spoke with Israel Prime Minister Benjamin Netanyahu regarding developments in the Middle East. Von der leyen in a post on X reiterated the EU's commitment to peace, stability and diplomatic efforts lea...Reuters
Sun, Jun 15
COLUMN-Raging bulls: Funds pad historic longs in CME livestock: Braun
By Karen Braun NAPERVILLE, Illinois, June 15 (Reuters) - Speculators have held unusually bullish views in U.S. cattle futures since late last year, which was perfect timing as the domestic herd hit a 74-year low at the beginning of 2025.Since then, U.S. beef prices have hit all-time highs, yet co...Reuters
Sun, Jun 15
Greenland thanks France for support during challenging times
COPENHAGEN, June 15 (Reuters) - Greenlandic Prime Minister Jens-Frederik Nielsen on Sunday expressed gratitude to French President Emmanuel Macron for France's strong support during a challenging time amid repeated expressions of interest from U.S. President Donald Trump in acquiring the Arctic ...Reuters
Sun, Jun 15
EXCLUSIVE-US Export-Import Bank considers $120 million loan for Greenland rare earths project
Loan aims to reduce US reliance on China for rare earthsTanbreez project needs strategic investors for loan approvalTanbreez would be Trump administration's first overseas investment in mining projectBy Ernest Scheyder June 15 (Reuters) - Critical Metals Corp CRML.O has received a letter of i...Reuters
Sun, Jun 15
Britain's Starmer, UAE President discuss Iran-Israel conflict
June 15 (Reuters) - British Prime Minister Keir Starmer spoke to UAE President Sheikh Mohamed bin Zayed Al Nahyan on Sunday and discussed the "grave situation" in the Iran-Israel conflict, according to a Downing Street statement."The Prime Minister reiterated that his priority is diploma...Reuters
Sun, Jun 15
Israel still has a large list of targets in Iran, military official says
June 15 (Reuters) - Israel still has a large list of targets it plans to hit in Iran, an Israeli military official on Sunday, as both nations continued to exchange missile attacks that started on Friday.He declined to say how long strikes against Iran would continue, adding the military had attacked...Reuters
Sun, Jun 15
