News
Important Only
FAA to resume hearing Thursday on plan to reduce flights at Chicago O'Hare
By David ShepardsonWASHINGTON, March 16 (Reuters) - The Federal Aviation Administration on Monday said it will resume a meeting on Thursday with airlines to cut flights at Chicago O'Hare International Airport.The FAA said it wants to cut flights this summer to 2,608 per day after last month prop...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, cities Quick end might let Iran threaten oil lifeline again in future Gulf leaders see degrading Iran’s power as long-term p...Reuters
Mon, Mar 16
JBS workers launch first US meatpacking strike in 40 years, union says
Workers strike over pay, equipment at Colorado beef plantJBS may not want to resolve dispute quickly, economists sayUS consumers face record costs for steaks, hamburgersBy Tom Polansek CHICAGO, March 16 (Reuters) - Striking JBS Z98.F employees took to the streets of Greeley, Colorado, before sunr...Reuters
Mon, Mar 16
CORRECTED-WRAPUP 8-Trump upset as key US partners shun 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, Maayan Lubell and Parisa Hafezi ...Reuters
Mon, Mar 16
Cuba's national electric grid collapses, leaving millions without power
US oil blockade worsens Cuba's power crisisTrump cut off Venezuelan oil shipments to CubaAround 10 million people left without power By Dave Sherwood HAVANA, March 16 (Reuters) - Cuba's national electric grid collapsed on Monday, the country's grid operator said, leaving around 10 mil...Reuters
Mon, Mar 16
More than 12,500 US flights delayed or canceled due to major storms
By David ShepardsonWASHINGTON, March 16 (Reuters) - More than 12,500 U.S. flights were delayed or canceled Monday during a series of storms affecting several major airports along the East Coast and some other locales.Because of the risk of high winds and severe thunderstorms, the Federal Aviation Ad...Reuters
Mon, Mar 16
FAA to resume hearing Thursday to cut flights at Chicago O'Hare
WASHINGTON, March 16 (Reuters) - The Federal Aviation Administration on Monday said it will resume a meeting on Thursday with airlines to sharply cut flights at Chicago O'Hare International Airport.The FAA said it wants to cut flights this summer to 2,608 per day after last month proposing a 2,8...Reuters
Mon, Mar 16
GRAINS-Soybeans fall on potential Trump-Xi meeting delay, wheat and corn also drop
By Renee Hickman CHICAGO, March 16 (Reuters) - Chicago soybeans experienced their biggest daily drop since 2023, falling to their daily limit on Monday after hitting near two-year highs last week as a potential delay to U.S. President Donald Trump's meeting with Chinese President Xi Jinping l...Reuters
Mon, Mar 16
US to sign MOU with Brazilian state of Goias on critical minerals, rare earths
RIO DE JANEIRO, March 16 (Reuters) - The U.S. government is set to sign a memorandum of understanding with the Brazilian state of Goias to strengthen cooperation in critical minerals and rare earths, the U.S. Consulate in Sao Paulo said on Monday.The agreement, which will be signed on Wednesday, see...Reuters
Mon, Mar 16
Sable restarts disputed California pipeline under Trump emergency order
Pipeline restart critical to Santa Ynez offshore oil projectPipeline had been shut since Barbara County oil spill in 2015Restart under emergency orders by Trump administrationCalifornia continues to fight to block Santa Ynez projectBy Shariq Khan, Nichola Groom and Tanay Dhumal March 16 (Reuters)...Reuters
Mon, Mar 16
Oil prices slide 3% as some ships transit Strait of Hormuz
Trump urges nations to help unblock Strait of HormuzWTI prices fall due in part to U.S. crude output and reserve releasesIEA may release more oil to combat price spikesBy Scott DiSavino NEW YORK, March 16 (Reuters) - Oil prices slid about 3% on Monday after some vessels sailed through the cri...Reuters
Mon, Mar 16
CBOT wheat dips, following overall grains market
CHICAGO, March 16 (Reuters) - Chicago Board of Trade wheat futures fell in sympathy with soybeans and corn on Monday, but worries about cold weather in the U.S. Plains gave K.C. hard red winter wheat futures some support. Wheat futures eased following soybeans in particular. The oilseeds fell to th...Reuters
Mon, Mar 16
US natural gas futures slide 3% as output climbs, demand wanes
Mild weather boosts gas storage, lowers demandLNG export feedgas eases despite global price surgeWaha Hub prices negative due to pipeline constraintsBy Scott DiSavino NEW YORK, March 16 (Reuters) - U.S. natural gas futures fell about 3% on Monday on a slow rise in output so far this month and...Reuters
Mon, Mar 16
FACTBOX-Storms knock out power to 266,000 across US Midwest, Mid-Atlantic and South
March 16 (Reuters) - More than 266,000 homes and businesses were without power on Monday as severe storms battered the U.S. Midwest and Mid-Atlantic region, according to data from PowerOutage.us. Michigan was hardest hit with around 123,765 outages, representing about 2.4% of the state's 5.1 mil...Reuters
Mon, Mar 16
CBOT soybeans nosedive on possible delay to Trump Xi summit
CHICAGO, March 16 (Reuters) - Chicago Board of Trade soybean futures fell to their daily limit on Monday as a potential delay in U.S. President Donald Trump's meeting with Chinese President Xi Jinping later in March dampened hopes of more U.S. soybean sales to China.Trump told the Financial Time...Reuters
Mon, Mar 16
CBOT corn ends lower on concerns about Trump-Xi meeting
CHICAGO, March 16 (Reuters) - Chicago Board of Trade corn futures dipped Monday as U.S. President Donald Trump worried investors by suggesting that a trade summit with China could be delayed. Trump told the Financial Times in an interview Sunday that he could delay his summit with China’s Presid...Reuters
Mon, Mar 16
EU's Kallas floats Black Sea model to unblock Strait of Hormuz
BRUSSELS, March 16 (Reuters) - EU foreign policy chief Kaja Kallas said on Monday she had discussed with the United Nations the idea of freeing up transport of oil and gas through the Strait of Hormuz by replicating a deal that gets grain out of Ukraine during wartime.Under the deal, Ukraine can exp...Reuters
Mon, Mar 16
CORRECTED-FACTBOX-Storms knock out power to 500,000 across US Midwest, Mid-Atlantic and South
March 16 (Reuters) - More than 500,000 homes and businesses were without power on Monday as severe storms battered the U.S. Midwest and Mid-Atlantic region, according to data from PowerOutage.us.Michigan was hardest hit with around 125,000 outages, representing about 2.5% of the state's 5.1 mill...Reuters
Mon, Mar 16
METALS-Copper up, but growth fears subdue sentiment
By Pratima Desai LONDON, March 16 (Reuters) - Copper prices rose on Monday as a softer dollar triggered profit-taking, but sentiment was subdued as surging oil prices due to the conflict in the Middle East fuelled fears about inflation and global growth. An outage on the London Metal Exc...Reuters
Mon, Mar 16
