News
Important Only
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
EUROPE GAS-European gas prices rise on continued LNG supply fears, oil gains
By Susanna Twidale LONDON, March 16 (Reuters) - Benchmark British and Dutch wholesale gas prices rose on Monday morning as the U.S.-Iran conflict continued to disrupt liquefied natural gas exports from the region, while higher oil prices also added further support.The benchmark Dutch front-month ...Reuters
Mon, Mar 16
Vietnam braces for flight cuts from April after China, Thailand ban jet fuel exports
Vietnam relies on imports for over two-thirds of its jet fuelRegulator says Vietnam's refineries cannot significantly boost jet fuel outputVietnam has reached out to China and Thailand, seeking helpBy Phuong Nguyen and Francesco Guarascio HANOI, March 16 (Reuters) - Vietnamese authorities hav...Reuters
Mon, Mar 16
UAE’s Fujairah Hit Again as Vital Port Suspends Oil Loadings – Bloomberg
A report by Bloomberg showed during European trade on Monday that a key port of Fujairah in the United Arab Emirates (UAE) was hit by a drone, the latest in a series of strikes threatening the country’s only export route outside the Strait of Hormuz.Fxstreet
Mon, Mar 16
FACTBOX-Analysts hike oil price estimates as Iran conflict enters third week
March 16 (Reuters) - Major brokerages have revised their average oil price forecasts for 2026 as the U.S.-Israeli war on Iran enters its third week, with the conflict having sent oil prices surging more than 40% this month. O/RU.S. President Donald Trump on Sunday insisted that nations relying heavi...Reuters
Mon, Mar 16
Oil: Risks to food inflation – Standard Chartered
Standard Chartered’s Ethan Lester and Madhur Jha analyse how higher Oil prices can quickly lift global food inflation via fertiliser costs and trade bottlenecks. They note that food’s share in CPI baskets, import intensity and dietary patterns will shape country outcomes.Fxstreet
Mon, Mar 16
METALS-Copper falls as oil-driven inflation fears take on strong China data
March 16 (Reuters) - Copper fell on Monday, as heightened inflation fears amid rising oil prices overpowered positive cues from estimates-beating economic and investment data from China.The most-active copper contract on the Shanghai Futures Exchange SCFcv1 closed daytime trading down 0.87% at 99,72...Reuters
Mon, Mar 16
EU to discuss how to keep Hormuz strait open, EU's foreign chief says
BRUSSELS, March 16 (Reuters) - EU member states will discuss what can be done from the European side to keep the Strait of Hormuz open, the EU's foreign policy chief Kaja Kallas said on Monday."It is in our interest to keep the Strait of Hormuz open and that's why we are also discussing ...Reuters
Mon, Mar 16
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
PRESS DIGEST-New York Times business news - March 16
March 16 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - U.S. President Donald Trump is set to convene the board of trustees of the John F. Kennedy Center for the Performing Arts o...Reuters
Mon, Mar 16
Spurred by Gulf war, Alaska LNG aims for go-ahead decisions in 2026-27 and exports in 2031
Alaska LNG looks for pipeline FID in 2026, export terminal decision in 2027First LNG shipments seen in 2031, CEO says Alaska LNG among projects for Asian buyers to diversify supplyBy Katya Golubkova and Yuka Obayashi TOKYO, March 16 (Reuters) - War in the Middle East is spurring interest in Asia ...Reuters
Mon, Mar 16
PRECIOUS-Gold steady as weaker dollar offsets fading rate cut hopes
Oil remains above $100 as Middle East conflict enters third weekTrump says U.S. is talking to seven nations about securing Strait of HormuzFed expected to hold rates at the end of its two-day meeting on WednesdayBy Noel John March 16 (Reuters) - Gold prices were steady on Monday after paring a ne...Reuters
Mon, Mar 16
