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Oil slides below $100 after Trump announces two-week ceasefire
Brent, WTI drop around 14% Iran says it will open up Strait of Hormuz for two weeks if attacks stopTrump says Iran has offered a 10-point peace proposal By Helen Clark PERTH, April 8 (Reuters) - Oil fell below $100 per barrel on Wednesday after U.S. President Donald Trump said he had agreed to a ...Reuters
18 minutes ago
WRAPUP 17-Trump agrees to two-week Iran ceasefire, drops threat to destroy 'whole civilization'
Trump says Iran proposal is basis for negotiationIran describes deal as victory over TrumpSeveral Gulf countries report Iran missile and drone attacksTrump's earlier threat draws international condemnationBy Steve Holland, Parisa Hafezi, Enas Alashray and Ahmed Tolba WASHINGTON/DUBAI/CAIRO, A...Reuters
46 minutes ago
Abu Dhabi authorities dealing with fire at Habshan gas facility
April 8 (Reuters) - Authorities in Abu Dhabi are dealing with a fire at the Habshan gas processing facility, the Abu Dhabi Media Office said early on Wednesday, as Gulf states activated air defences following threats of missile and drone attacks across the region.Reuters
47 minutes ago
GRAINS-Wheat slides 2.4%; corn, soybeans fall as Trump announces ceasefire
SINGAPORE, April 8 (Reuters) - Chicago wheat futures fell 2.4% on Wednesday, while corn and soybeans lost around 1% after U.S. President Donald Trump said he had agreed to a two-week ceasefire with Iran.The wheat market faced additional pressure from improved U.S. weather and expectations of higher ...Reuters
an hour ago
Silver rallies to fresh weekly high, above $77.00 as USD plummets on US-Iran ceasefire
Silver (XAG/USD) rallies to a fresh weekly high during the Asian session on Wednesday, with bulls now looking to build on the momentum beyond the $77.00 mark amid a broad-based US Dollar (USD) selloff.
Fxstreet
an hour ago
Gold Extends Gains as Trump Pauses Iran Attacks for Two Weeks
Ceasefire comes hours before Trump's deadlineIran says talks with U.S. to begin Friday in IslamabadBy Anmol Choubey April 8 (Reuters) - Gold extended gains on Wednesday as markets reassessed near-term risks after U.S. President Donald Trump said he had agreed to suspend bombing and attacks on...Reuters
an hour ago
LIVESTOCK-Cattle futures end mostly lower, pausing after contract highs
CHICAGO, April 7 (Reuters) - Chicago Mercantile Exchange (CME) live cattle futures closed mostly lower on Tuesday in a light technical correction a day after the most-active June LCM26 and August LCQ26 contracts set life-of-contract highs.Still, expectations for continued strength in U.S. cash cattl...Reuters
2 hours ago
Iran’s Foreign Minister: Safe passage of Hormuz will be possible for two weeks
Iran’s Foreign Minister, Abbas Araghchi, said on Tuesday that safe passage of Hormuz will be possible for two weeks. This statement came after US President Donald Trump agreed to a two-week ceasefire with Iran.Fxstreet
2 hours ago
Iran to halt attacks if attacks against it stop, Araqchi says
April 8 (Reuters) - Iran said it would halt its attacks if attacks against it stop and that safe transit through the Strait of Hormuz would be possible for two weeks in coordination with Iranian armed forces, according to a statement by Foreign Minister Abbas Araqchi on Wednesday.Reuters
2 hours ago
Iran says talks with U.S. to begin Friday in Islamabad
April 8 (Reuters) - Iran's Supreme Security Council said on Wednesday negotiations with the United States would begin on Friday April 10 in Islamabad after it submitted a 10-point proposal to Washington via Pakistan, Iranian state media reported, adding that talks do not signal the end of the wa...Reuters
2 hours ago
WTI Crude crashes below $90 as Trump suspends Iran strikes, but will it last?
WTI Crude Oil plunged from above $106 to below $90 per barrel on Tuesday after President Trump announced a two-week suspension of military operations against Iran, though markets had already been selling Oil throughout the session as traders bet he would blink on his own 00:00 GMT Wednesday deadline
Fxstreet
2 hours ago
PRECIOUS-Gold extends gains as Trump suspends attacks on Iran for two weeks
April 8 (Reuters) - Gold extended gains on Wednesday as markets reassessed near-term risks after U.S. President Donald Trump said he agreed to suspend bombing and attacks on Iran for two weeks, easing immediate escalation fears.Spot gold XAU= was up 1.3% at $4,765.59 per ounce by 2247 GMT, after ris...Reuters
2 hours ago
Delta Air, Southwest Airlines hike checked baggage fees as jet fuel prices soar
April 7 (Reuters) - Delta Air Lines DAL.N and Southwest Airlines LUV.N said on Tuesday they would raise fees for checked bags, as carriers seek to offset soaring jet fuel costs linked to escalating tensions in the Middle East.The global aviation sector has been grappling with higher fuel prices, whi...Reuters
3 hours ago
CIF/FOB Gulf Grain-Corn, soy barge bids edge higher
CHICAGO, April 7 (Reuters) - Spot basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast terminals crept higher on Tuesday as traders awaited developments in the Iran war and the release of U.S. crop data.U.S. President Donald Trump warned Iran that "a whole civilization will die t...Reuters
3 hours ago
Chicago jet fuel tops $5 a gallon, as refiner maintenance adds to war-related price surge
By Shariq Khan NEW YORK, April 7 (Reuters) - Chicago has become the most expensive U.S. jet fuel market, with prices topping $5 per gallon, as the disruptions caused by the Iran war have combined with previously scheduled refinery maintenance to leave regional supply tight. Consumers worldwide ha...Reuters
3 hours ago
GRAINS-Soybeans, corn end lower on ample supplies
Soybeans pressured by weak soymeal and soyoil futuresWheat mixed as rain forecasts prompt inter-market spreadsTraders await Iran war updates and USDA crop report for directionBy Julie Ingwersen CHICAGO, April 7 (Reuters) - U.S. soybean and corn futures retreated on Tuesday on reminders of ample s...Reuters
4 hours ago
Panama authorizes First Quantum to process stockpiled material from shuttered copper mine
No new drilling, blasting or reopening, miner saysFirst Quantum estimates 70,000 tons of recoverable copperCapital requirements estimated at $250 millionMine closed in 2023 over widespread environmental protestsBy Elida MorenoPANAMA CITY, April 7 (Reuters) - Panama's government formally approved...Reuters
4 hours ago
SLB OneSubsea, Subsea7 sign agreement with Petronas Suriname
April 7 (Reuters) - Oilfield services firm SLB SLB.N said on Tuesday that its OneSubsea unit and Luxembourg's Subsea7 have signed a strategic collaboration agreement with Petronas Suriname to support offshore subsea oil and gas developments. The partnership is aimed at supporting the development...Reuters
5 hours ago
