News
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US 'fine' with some ships getting through Strait of Hormuz, Bessent says
WASHINGTON, March 16 (Reuters) - The U.S. is "fine" with some Iranian, Indian and Chinese ships getting through the Strait of Hormuz for now, Treasury Secretary Scott Bessent told CNBC on Monday, adding that any U.S. action to mitigate higher prices would depend on duration of the war.Reuters
Mon, Mar 16
RPT-ANALYSIS-Iran holds the key to reopening global energy markets
Iran attacks Gulf ports, refineries, closes Strait of HormuzMiddle East oil output falls 7-10 million bpd, oil/gas prices spike Industry says naval convoys won't help restore traffic Refinery, port, field repairs to take weeks to monthsBy Yousef Saba, Ahmad Ghaddar, Maha El Dahan and Ahmed Rashe...Reuters
Mon, Mar 16
US cruises sail into higher costs as oil prices rally; Carnival could be hardest hit
By Aishwarya Jain and Neil J KanattMarch 16 (Reuters) - Cruise operators face choppy waters as rising oil prices lift fuel costs, with analysts warning Carnival Corp CCL.N could take the biggest hit to its 2026 profit as it is the only major U.S. cruise line that does not hedge fuel.Oil prices have ...Reuters
Mon, Mar 16
PRECIOUS-Gold falls as inflation fears pressure Fed rate-cut outlook
Oil holds above $100 as Middle East conflict enters third weekTrump talking to seven nations about securing Strait of HormuzFed expected to hold rates steady in policy meeting this weekBy Pablo Sinha March 16 (Reuters) - Gold prices dipped on Monday, pressured by concerns that surging oil costs ...Reuters
Mon, Mar 16
Iraq plans pipeline revamp for direct Kirkuk oil exports to Turkey, minister says
BAHGHDAD, March 16 (Reuters) - Iraq is working to revamp a disused pipeline that would allow oil to be pumped directly to Turkey's Ceyhan port without passing through the Kurdistan region, Iraqi oil minister Hayan Abdel-Ghani said in a video statement released on Monday.Iraq will complete inspec...Reuters
Mon, Mar 16
EXPLAINER-Why might President Trump find it hard to reopen the Strait of Hormuz?
By Sarah Young and John Irish March 16 (Reuters) - U.S. President Donald Trump has demanded help from allies to reopen the Strait of Hormuz, which usually carries about a fifth of global energy supplies, but even if he can assemble a major coalition it could prove very hard to end Iran's bloc...Reuters
Mon, Mar 16
METALS-Industrial metals slide as oil surge fuel 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 was down 0.1...Reuters
Mon, Mar 16
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
WW International Q4 revenue falls as behavioral business declines
OverviewGlobal weight management firm's Q4 revenue declined 12% yr/yr amid behavioral business headwindsClinical subscription revenue for Q4 grew 32% yr/yr, driven by GLP-1 medication demandCompany projects 2026 revenue of $620 mln to $635 mln and adjusted EBITDA of $105 mln to $115 mlnOutlookWW...Reuters
Mon, Mar 16
RPT-ROI-US is quickly exhausting tools to absorb Iran war oil shock: Bousso
By Ron Bousso LONDON, March 16 (Reuters) - The U.S. is rapidly running out of shock absorbers to cushion the oil market from the loss of Middle Eastern crude supplies as the Iran war rages, raising the risk of a deeper global economic slowdown if demand destruction accelerates.As the U.S.-Israeli...Reuters
Mon, Mar 16
Germany won't take part in efforts to keep Strait of Hormuz open by military means, says Berlin
BERLIN, March 16 (Reuters) - The war in Iran has nothing to do with the NATO defence alliance, said a German government spokesperson on Monday, who reiterated that Germany would not take part in the war nor in keeping the Strait of Hormuz open through military means."As long as this war continue...Reuters
Mon, Mar 16
Communications ongoing to ensure Strait of Hormuz is fully opened, Qatari official says
DOHA, March 16 (Reuters) - Communications are ongoing with different parties to guarantee the Strait of Hormuz is fully opened for goods to reach the Gulf and to export energy products from the region, Qatar's foreign ministry spokesperson said on Monday.Reuters
Mon, Mar 16
Philippines' lower house grants president power to ease fuel taxes
Measure requires Senate approval before becoming lawMarcos can suspend taxes if oil prices hit $80 per barrel for 1 monthPhilippines seeks Russian oil imports amid Middle East conflictBy Mikhail Flores and Nestor CorralesMANILA, March 16 (Reuters) - The Philippine lower house of Congress on Monday g...Reuters
Mon, Mar 16
Zacatecas Silver Receives Drill Permit For El Cristo, Supporting 2026 Drill Program Aimed At Increasing Existing Silver Resource At The Zacatecas Silver Project
March 16 (Reuters) - Zacatecas Silver Corp ZAC.V:ZACATECAS SILVER RECEIVES DRILL PERMIT FOR EL CRISTO, SUPPORTING 2026 DRILL PROGRAM AIMED AT INCREASING EXISTING SILVER RESOURCE AT THE ZACATECAS SILVER PROJECTReuters
Mon, Mar 16
India says it has not had talks with the US on deployment of warships in Strait of Hormuz
NEW DELHI, March 16 (Reuters) - India has not had any conversation with the U.S. about helping ships pass through the Strait of Hormuz - a key artery of the global crude oil trade - a spokesperson for India's foreign ministry said on Monday.Reuters
Mon, Mar 16
Iraq plans pipeline revamp for direct Kirkuk oil exports to Turkey, minister says
BAHGHDAD, March 16 (Reuters) - Iraq is working to revamp a pipeline that would allow oil to be pumped directly to Turkey’s Ceyhan port without passing through the Kurdistan region, the Iraqi oil minister said in a video statement published on Monday.Iraq will complete inspection of a 100-km (62-mile...Reuters
Mon, Mar 16
PRECIOUS-Gold falls as inflation fears pressure Fed rate-cut outlook
Oil holds above $100 as Middle East conflict enters third weekTrump talking to seven nations about securing Strait of HormuzFed expected to hold rates steady in policy meeting this weekBy Pablo Sinha March 16 (Reuters) - Gold prices dipped on Monday, pressured by concerns that surging oil costs ...Reuters
Mon, Mar 16
Trump adviser says Iran 'terror premium' inflated oil prices for decades
Trump adviser says Iran tensions historically added $5–$15 a barrel via risks to Strait of HormuzReport says Iran risk premium lifts crude 7%–21% above fundamentalsUniversity of Houston economist disputes claims and warns war costs could outweigh benefitsBy Jarrett Renshaw and Steve HollandPALM BEAC...Reuters
Mon, Mar 16
Russia says it foils biggest Ukrainian drone attack in a year
MOSCOW, March 16 (Reuters) - Russia said on Monday that it shot down 250 Ukrainian drones heading towards Moscow over the weekend, in what officials said was the biggest attempted attack on the Russian capital in at least a year."Over the past two days, air defense forces have destroyed about 25...Reuters
Mon, Mar 16
