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METALS-Industrial metals under pressure as oil surge fuels inflation, growth worries
By Pratima Desai LONDON, March 16 (Reuters) - Industrial metal prices came under pressure on Monday as surging oil prices due to the conflict in the Middle East fuelled fears about inflation and global growth prospects, traders said. Benchmark copper CMCU3 on the London Metal Exchange trad...Reuters
Mon, Mar 16
PRECIOUS- Gold steady as conflict-driven inflation fears counter dollar softness
Fed policy meeting due this weekStill very bullish on gold, analyst says Platinum gains over 3% By Ashitha Shivaprasad March 16 (Reuters) - Gold prices were little changed on Monday, as concerns that inflation stemming from the Middle East conflict could keep interest rates higher for longer outw...Reuters
Mon, Mar 16
Bank of America raises 2026 Brent forecast to $77.50/BBL on Strait of Hormuz impasse
March 16 (Reuters) - Bank of America on Monday raised its 2026 Brent crude forecast to $77.50 a barrel from $61 earlier, citing the ongoing impasse at the Strait of Hormuz.The bank's commodity research team said the new outlook reflects two equally likely paths: a quick resolution that restores ...Reuters
Mon, Mar 16
CBOT Trends-Soy down 11-32 cents, corn down 3-5 cents, wheat down 5-6 cents
CHICAGO, March 16 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Monday: WHEAT - Down 5 to 6 cents per bushelWheat headed lower in sympathy with soybeans and corn, but worries about ...Reuters
Mon, Mar 16
Oil falls amid attacks on Gulf export facilities
US in talks with other countries to protect Strait of HormuzBrent, WTI have surged more than 40% this monthUS hit military targets on Iran's Kharg Island oil export hubOil reserves to begin flowing to market soon, IEA saysBy Enes Tunagur LONDON, March 16 (Reuters) - Oil prices fell on Monday ...Reuters
Mon, Mar 16
Trafigura to help Venezuela's Minerven develop a responsible gold-sourcing programme
US licence allows deliveries of gold mined by sanctions-hit MinervenTrafigura's prepayment is for Minerven's mines only, excludes 3rd partiesDeliveries to be made in compliance with labour lawsBy Polina Devitt LONDON, March 16 (Reuters) - Trafigura will work with Venezuela's state gol...Reuters
Mon, Mar 16
EXCLUSIVE-As India seeks Hormuz safe passage, Tehran asks for return of seized tankers, sources say
At least 22 Indian-flagged vessels remain in the Gulf -Indian officialsIran negotiating release of tankers, supplies of medicine -sourcesBy Saurabh Sharma and Krishna N. Das NEW DELHI, March 16 (Reuters) - Iran has asked India to release three tankers seized in February as part of talks seeking ...Reuters
Mon, Mar 16
RPT-ROI-Iran war hits refined fuels harder than crude and importers need to act: Russell
By Clyde Russell LAUNCESTON, Australia, March 16 (Reuters) - The loss of as much as 20% of the world's crude oil and refined fuels through the ongoing effective closure of the Strait of Hormuz gathers most of the media attention as the main fallout from the attack on Iran by the U.S. and Isra...Reuters
Mon, Mar 16
Niron Magnetics Advances U.S. Permanent Magnet Manufacturing Plans
March 16 (Reuters) - NIRON MAGNETICS ADVANCES U.S. PERMANENT MAGNET MANUFACTURING PLANSNIRON MAGNETICS: EXPECTS TO INCLUDE $1.8 BILLION IN CAPITAL INVESTMENT & CREATE MORE THAN 700 FULL-TIME JOBSFurther company coverage: [ ]Reuters
Mon, Mar 16
EXCLUSIVE-US, China discuss farm goods, managed trade in 'remarkably stable' Paris talks, sources say
China open to additional purchases of US agriculture goods, said sources familiar with talksUS, China to explore new mechanisms for managing trade, investmentsTrump and Xi would have final say over any proposals at Beijing summit By David Lawder PARIS, March 15 (Reuters) - Top U.S. and Chinese ec...Reuters
Mon, Mar 16
Silver: Inventory coverage story builds – TD Securities
TD Securities’ Daniel Ghali notes persistent Chinese demand has kept the Shanghai arbitrage window open, supporting international Silver buying. Despite strong physical flows and CME warehouse draws, visible stocks remain ample relative to dealer shorts.
Fxstreet
Mon, Mar 16
EXCLUSIVE-UAE crude output falls by more than half as Hormuz closure forces shut-ins
Hormuz disruption roiling energy marketsState-owned ADNOC temporarily closing wells, sources sayShut-ins affect both onshore, offshore operations, sources say By Yousef Saba and Florence Tan March 16 (Reuters) - The United Arab Emirates' daily oil output is down by more than half as the Iran ...Reuters
Mon, Mar 16
UK's Starmer resists being drawn into wider Iran war, offers help on strait
Starmer says he is working with partners on Strait of HormuzOffers support package for rural houses using heating oilSays he spoke with Trump, they have a 'good relationship'By Elizabeth Piper and Sarah Young LONDON, March 15 (Reuters) - Prime Minister Keir Starmer said on Monday Britain ...Reuters
Mon, Mar 16
Silver price drops as traders await Fed decision, geopolitical risks mount
Silver (XAG/USD) trades around $79.70 on Monday at the time of writing, down 1.12% on the day. The white metal is under pressure as investors adopt a cautious stance ahead of this week’s monetary policy announcements from major central banks, particularly the Federal Reserve (Fed).Fxstreet
Mon, Mar 16
Trump speaking with European allies about opening the Strait of Hormuz
WASHINGTON, March 16 (Reuters) - President Donald Trump is speaking with European allies and many other nations about opening the Strait of Hormuz, White House Press Secretary Karoline Leavitt said during an interview with Fox News on Monday.Reuters
Mon, Mar 16
EXPLAINER-Why does the port of Fujairah matter to the oil market?
LONDON, March 16 (Reuters) - Oil loadings at the United Arab Emirates' Fujairah port, a major global hub for refuelling ships as well as crude and fuel exports, have been disrupted after multiple drone attacks in recent days. WHY DOES FUJAIRAH MATTER GLOBALLY?Fujairah exported more than 1.7...Reuters
Mon, Mar 16
GRAINS-Soybeans fall on potential Trump-Xi meeting delay, wheat and corn also drop
HAMBURG, March 16 (Reuters) - Chicago soybeans fell on Monday, after hitting near two-year highs last week, 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. Wheat and corn also fe...Reuters
Mon, Mar 16
US 'fine' with some ships getting through Strait of Hormuz, Bessent says
WASHINGTON, March 16 (Reuters) - The United States is "fine" with some Iranian, Indian and Chinese ships going through the Strait of Hormuz for now, Treasury Secretary Scott Bessent said on Monday, adding that any action to mitigate higher prices would depend on how long the Iran war lasts.&...Reuters
Mon, Mar 16
