Search
News
Important Only
Britain says 40 countries discuss reopening Strait of Hormuz after Iran blockade
US was not involved in talks Vital oil route effectively shut as Iran war ragesCountries seek ways to reopen waterway after ceasefireUK will host meeting of military planners next weekBy Andrew MacAskill, John Irish and Muvija M LONDON/PARIS, April 2 (Reuters) - About 40 countries on Thurs...Reuters
11 minutes ago
EU wheat recovers with oil before Easter break
PARIS, April 2 (Reuters) - Euronext wheat regained ground on Thursday with support from crude oil as comments by U.S. President Donald Trump tempered investor hopes of a swift end to the Iran war.The bounce on Euronext was moderate, however, with participants adjusting positions before a holiday wee...Reuters
13 minutes ago
WTI rallies as Trump signals continued military action against Iran
West Texas Intermediate (WTI) Crude Oil rebounds sharply on Thursday, rising more than 8% on the day, as ongoing tensions in the Middle East continue to keep a geopolitical risk premium embedded in prices amid supply disruptions through the Strait of Hormuz.
Fxstreet
17 minutes ago
Venezuelan oil tycoon Ruperti released from detention, law firm says
CARACAS, April 2 (Reuters) - Venezuelan oil businessman Wilmer Ruperti was released from detention by the country's intelligence police, a law firm representing him said on Thursday, following a video posted on social media showing him in his house.Ruperti was called for a meeting on March 19 an...Reuters
18 minutes ago
WRAPUP 7-World anxious to open Hormuz Strait while Trump and Iran trade threats
Trump vows to hit Iran back to the 'Stone Ages'Oil benchmark jumps after Trump speech, stocks slideIran says it is discussing with Oman a protocol for HormuzIran warns of 'broader and more destructive' attacksBy Steve Holland and Enas Alashray WASHINGTON/CAIRO, April 2 (Reuters) -...Reuters
18 minutes ago
US crude jumps more than 11% after Trump vows more attacks on Iran
WTI soars over $112/bbl, highest since March 9Trump speech did not clarify when Hormuz might reopenWTI headed for biggest daily absolute price rise since 2020By Arathy Somasekhar HOUSTON, April 2 (Reuters) - U.S. oil prices jumped more than 11%, while Brent soared 7% on Thursday in volatile t...Reuters
19 minutes ago
Trump to reduce steel, aluminum tariff rates for derivative products, sources say
April 2 (Reuters) - The Trump administration plans to reshape its steel and aluminum tariff regime, keeping a 50% tariff for commodity steel and aluminum imports while reducing duties on derivative products made from the metals to 15% or 25%, depending on the product, two sources familiar with the p...Reuters
20 minutes ago
METALS-Copper falls as hopes for quick end to Iran war fade
April 2 (Reuters) - Copper fell for the first time in five sessions on Thursday on renewed investor concerns over economic growth after U.S. President Donald Trump vowed more strikes on Iran and gave no specific timeline to end the Middle East conflict.Benchmark three-month copper CMCU3 on the Londo...Reuters
26 minutes ago
REFILE-EXCLUSIVE-Italy to get LNG from QatarEnergy-Exxon's US Golden Pass from June, sources say
By Valentina Za, Angelo Amante and Francesca Landini MILAN/ROME, April 2 (Reuters) - Italy will begin receiving liquefied natural gas (LNG) from the Golden Pass LNG facility in the United States, a joint venture between QatarEnergy and Exxon Mobil XOM.N, from June, two sources familiar with the m...Reuters
28 minutes ago
China's detentions of Panama-flagged vessels raise concerns, Rubio says
By Katharine Jackson and Michael Martina WASHINGTON, April 2 (Reuters) - Detentions of Panama-flagged vessels by China that followed a Panamanian court ruling raise serious concerns about efforts to undermine rule of law in the Latin American country, U.S. Secretary of State Marco Rubio said on T...Reuters
31 minutes ago
Prompt oil prices hit record premium to next-month delivery after Trump vows to keep attacking Iran
By Georgina McCartney and Arathy SomasekharHOUSTON, April 2 (Reuters) - Front-month U.S. crude oil futures were trading at their largest-ever premium over the second-month contract on Thursday as traders scrambled for barrels after U.S. President Donald Trump vowed to continue attacking Iran. Wideni...Reuters
34 minutes ago
PRECIOUS-Gold drops on stronger dollar, rising bets on higher interest rates
Turkey's gold reserves tumble nearly 120 tons in two weeksIndian dealers charge first gold premiums in two monthsSilver down nearly 4% By Ashitha Shivaprasad April 2 (Reuters) - Gold prices fell on Thursday as the U.S. dollar and oil prices rose after President Donald Trump said the U.S. woul...Reuters
35 minutes ago
S&P Ratings Revises BP PLC Outlook To Positive On Deleveraging, 'A-/A-2' Ratings Affirmed
April 2 (Reuters) - S&P Ratings:S&P RATINGS: BP PLC OUTLOOK REVISED TO POSITIVE ON DELEVERAGING; 'A-/A-2' RATINGS AFFIRMEDS&P ON BP: POSITIVE OUTLOOK REFLECTS POTENTIAL FOR AN UPGRADE IF FFO TO DEBT IS RESILIENTLY ABOVE 45% ON AVERAGE GIVEN BP'S INTEGRATED BUSINESS MODELS&...Reuters
41 minutes ago
Bahrain hopes for vote on revised Hormuz resolution on Friday
Bahrain's draft resolution seeks authorization to protect Hormuz shippingDraft omits binding enforcement measure to address Russia and China concernsU.S. President Trump vows continued attacks, raising doubts over U.S. role in strait security April 2 (Reuters) - Bahrain's Foreign Minister...Reuters
41 minutes ago
Starbucks expands weekly pay, adds more tips and bonuses for US baristas
April 2 (Reuters) - Starbucks SBUX.O will move to weekly pay for all U.S. store workers and roll out a program that adds bonuses and expands tips, it said on Thursday, as concerns persist over its stalled talks with the union representing some U.S. baristas.Baristas can receive tips on credit and de...Reuters
42 minutes ago
One of Cheniere Energy's Sabine Pass plants is down, LSEG data and sources confirm
HOUSTON, April 2 (Reuters) - Cheniere Energy's LNG.N Sabine Pass LNG plant is taking on reduced flows of natural gas, according to data from financial firm LSEG.At least one LNG train at Sabine Pass is down, as company performs maintenance work on Thursday, two sources say.Reuters
42 minutes ago
Trump speech unleashes more pain on US consumers with $5 gasoline, record diesel in sight
By Shariq Khan NEW YORK, April 2 (Reuters) - U.S. President Donald Trump's address to the nation on Wednesday, in which he vowed more aggressive strikes on Iran, has put consumers on course for record fuel prices at the pumps just ahead of the country's peak summer travel season, market e...Reuters
53 minutes ago
Austria denies US use of airspace for Iran military operations
April 2 (Reuters) - Austria has denied the United States use of its airspace for military operations against Iran due to Austria's neutrality law, the country's defence ministry said on Thursday.A spokesperson for the ministry confirmed a report from Austrian news agency APA that the U.S. ha...Reuters
an hour ago
Fuel tanker that rerouted from Cuba now discharging in Venezuela, data and source say
April 2 (Reuters) - A fuel tanker that according to ship tracking services loaded a Russia-origin cargo originally bound for Cuba began discharging on Thursday at an independently-owned terminal in Venezuela, according to vessel monitoring data and a source.The Hong Kong-flagged vessel Sea Horse rer...Reuters
an hour ago
BREAKINGVIEWS-Oil-shortage fallout will ooze slowly but surely
By Robert CyranNEW YORK, April 2 (Reuters Breakingviews) - Just as when oil spills, a shortage seeps slowly. Fallout from a blocked Strait of Hormuz, which typically carries 20% of the world's supply, will spread steadily across the planet.The directional part is simple. Because days in transit ...Reuters
an hour ago
