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Hong Kong leader says he's very concerned about rise in oil prices
HONG KONG, March 17 (Reuters) - Hong Kong's leader John Lee said he was "very concerned" about a rise in oil prices due to the U.S.-Israeli war on Iran and said authorities will ensure a stable supply of oil and combat illegal oil imports into the financial hub from mainland China.Reuters
Tue, Mar 17
South Korea to decide about any Strait of Hormuz deployment under law, constitution, says minister
SEOUL, March 17 (Reuters) - South Korea’s government will make any decision on deploying military forces to the Strait of Hormuz in accordance with domestic law and the constitution, Foreign Minister Cho Hyun said on Tuesday.Reuters
Tue, Mar 17
South Korea's Lee calls for diplomatic push on finding more energy sources
SEOUL, March 17 (Reuters) - South Korean President Lee Jae Myung said on Tuesday that the worst-case scenario on energy must be considered in case the Middle East crisis is prolonged, and called for diplomatic efforts to be focused on finding stable alternative energy sources. Lee said South Korea s...Reuters
Tue, Mar 17
Oil gains over 2% as market weighs Iran war supply risks
Brent, WTI climb on supply concernsUAE crude output drops by half with Strait of Hormuz mostly shutAllies rebuff US calls to help tankers transit the strait March 17 (Reuters) - Oil prices rose more than 2% in early trade on Tuesday, reversing some of the previous session's losses, on worries...Reuters
Tue, Mar 17
US Average Diesel Prices Cross $5 a Gallon as Middle East War Tests Global Economy
NEW YORK, March 16 (Reuters) - U.S. average retail diesel prices crossed $5 a gallon for only the second time ever on Monday as the war in the Middle East squeezes supplies of the industrial fuel, according to fuel markets tracker GasBuddy.Reuters
Tue, Mar 17
US Cash Grains-Soybean basis steady-weaker; corn bids mixed
CHICAGO, March 16 (Reuters) - Basis bids for soybeans were steady to lower in the U.S. Midwest on Monday, adding to steep declines in Chicago Board of Trade soybean futures, while corn basis bids were mixed, spot checks showed.Cash sales of both commodities slowed as CBOT soy, corn, and wheat future...Reuters
Tue, Mar 17
Australia, EU signal progress in trade negotiations
SYDNEY, March 17 (Reuters) - Australian Trade Minister Don Farrell said on Tuesday he had "a productive call" overnight with European Union Trade Commissioner Maros Sefcovic, signalling progress in trade talks as both sides work toward a long-awaited agreement."I am confident we can do a...Reuters
Mon, Mar 16
Rio Tinto gains control of Resolution Copper acreage after years-long court fight
Rio Tinto gains control of copper-rich acreage in ArizonaResolution to spend $500 million on new drilling Project has support of President Donald TrumpSupreme Court has not stepped in to block By Ernest Scheyder March 16 (Reuters) - Rio Tinto RIO.L said on Monday it has gained control of acreage ...Reuters
Mon, Mar 16
LIVESTOCK-CME feeder cattle climb as CBOT corn futures fall
CHICAGO, March 16 (Reuters) - Chicago Mercantile Exchange feeder cattle futures were sharply higher on Monday as corn futures on the Chicago Board of Trade took a dive, according to Don Roose, president of U.S. Commodities. Most active Chicago corn Cv1 fell alongside soybean and wheat futures, as U....Reuters
Mon, Mar 16
Cannabis shows little benefit for most mental disorders, data review finds
Medical cannabis use is growing in US, Canada and AustraliaCannabidiol and THC may help with cannabis use disorder, Tourette's ticsAnalysis includes results from 54 trials published over 45-year period By Sriparna RoyMarch 16 (Reuters) - Cannabis-based medicines have shown little evidence of eff...Reuters
Mon, Mar 16
Gold drifts lower to near $5,000 as Fed rate-cut hopes fade
Gold price (XAU/USD) trades with mild losses near $5,000 during the early Asian session on Tuesday. The precious metal extends the decline as hopes fade for the US Federal Reserve (Fed) to lower interest rates this year. All eyes will be on the Fed interest rate decision later on Wednesday.
Fxstreet
Mon, Mar 16
US Plains HRW Wheat-Basis flat as wheat futures dip, dry weather in focus
CHICAGO, March 16 (Reuters) - Basis bids for hard red winter (HRW) wheat held steady in the U.S. Plains on Monday while a retreat in K.C. HRW wheat futures KWK26 discouraged farmer grain sales after an uptick in cash sales last week.Protein premiums for railcar wheat to or through Kansas City were u...Reuters
Mon, Mar 16
CIF/FOB Gulf Grain-Soybean barge bids drop on China demand worries
CHICAGO, March 16 (Reuters) - Spot basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals weakened on Monday on worries about demand from top importer China and easing barge freight costs, traders said.U.S. President Donald Trump is seeking to delay a highly anticipated trip to China ...Reuters
Mon, Mar 16
WRAPUP 9-Trump upset as US partners reject call for Hormuz warship escorts
US-Israeli war on Iran enters third week, boosting global oil pricesSeveral allies decline US call to escort shipping in HormuzIsrael has at least three weeks of plans for military strikesIran fires at Israel, launches drone attacks on UAE and BahrainBy Bo Erickson, Alexander Cornwell and Parisa Haf...Reuters
Mon, Mar 16
Trump seeks to delay meeting with China's Xi by 'a month or so'
Trump's China trip may be delayed due to Iran war focusTensions rise over Iran crisis, trade, and Taiwan issuesPreparations for Trump-Xi meeting continue despite potential delayBy Bo Erickson and Trevor Hunnicutt WASHINGTON, March 16 (Reuters) - U.S. President Donald Trump on Mond...Reuters
Mon, Mar 16
CANADA-CRUDE-Discount on Western Canada Select widens
March 16 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 widened on Monday.WCS for April delivery in Hardisty, Alberta, settled at $13.75 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with ...Reuters
Mon, Mar 16
ANALYSIS-Gulf states press US to neutralise Iran for good as Hormuz crisis deepens
Gulf states now urge Washington not to stop short, sources say US presses Gulf states to join war, according to diplomatsGulf anger hardened after Iran struck oil hubs, ports, citiesQuick end might let Iran threaten oil lifeline again in future Gulf leaders see degrading Iran’s power as long-term pr...Reuters
Mon, Mar 16
