Search
News
Important Only
WTI Nosedives Below $90 as Iran Reopens Hormuz for Two Weeks
West Texas Intermediate (WTI), futures on NYMEX, slide over 11% below $90.00 on Wednesday, as Iran has agreed to reopen the Strait of Hormuz, a critical passage to 20% of global energy supply, for two weeks in return for a temporary ceasefire with the United States (US).
Fxstreet
46 minutes ago
Gold Climbs as Markets Reassess Risks After Trump Pauses Iran Attacks
April 8 (Reuters) - Gold prices climbed to a near three-week high on Wednesday as markets reassessed near-term risks after U.S. President Donald Trump agreed to suspend bombing and attacks on Iran for two weeks, easing fears of energy-driven inflation.
Reuters
44 minutes ago
South Korea to push for the release of ships in the Strait of Hormuz, media says
SEOUL, April 8 (Reuters) - South Korea's presidential Blue House said on Wednesday that the government would do its best to ensure the country's ships can pass through the Strait of Hormuz as soon as possible based on the conditions created under a two-week ceasefire agreed between the U.S. ...Reuters
5 minutes ago
Shell trims Q1 gas production outlook after Qatar disruptions, citing Iran conflict
Shell cuts Q1 integrated gas outlook after Qatar disruptionsMiddle East conflict boosts trading profits, oil prices surgeWorking capital to swing sharply amid extreme price volatilityBy Stephanie Kelly and Shadia Nasralla LONDON, April 8 (Reuters) - Shell SHEL.L trimmed the first-quarter outlook ...Reuters
6 minutes ago
TECHNICALS-CBOT soybeans may retest support at $11.40-3/4
For more technical analyses, please click SINGAPORE, April 8 (Reuters) - The CBOT soybean May contract SK26 may retest a support at $11.40-3/4 per bushel, as its fall is far from complete.A wave C from $11.79-3/4 is driving the market down. A projection analysis on this wave suggests a target of $11...Reuters
7 minutes ago
India set to get first Iranian oil cargo in 7 years, ship tracking data shows
NEW DELHI, April 8 (Reuters) - India is set to receive Iranian oil this week, its first purchase in seven years after the U.S. temporarily removed sanctions on Iranian oil and refined products to ease supply shortages, ship tracking data from LSEG and Kpler showed on Wednesday.India's oil minist...Reuters
9 minutes ago
UK's Starmer heads to the Gulf to discuss reopening the Strait of Hormuz
LONDON, April 8 (Reuters) - British Prime Minister Keir Starmer will travel to the Gulf on Wednesday to hold talks with partners to ensure the Strait of Hormuz remains open permanently after a U.S.-Iran ceasefire, his office said."I welcome the ceasefire agreement reached overnight, which will b...Reuters
23 minutes ago
Israel issues new evacuation order for Tyre in southern Lebanon, saying it will strike
April 8 (Reuters) - Israel's military issued repeated urgent warnings to residents of the city of Tyre on Wednesday to evacuate their homes immediately and move north of the Zahrani River, saying it will strike the area.This comes after Israeli Prime Minister Benjamin Netanyahu said that the U.S...Reuters
28 minutes ago
UK's Starmer to discuss Strait of Hormuz reopening in Gulf trip after ceasefire
LONDON, April 8 (Reuters) - British Prime Minister Keir Starmer will travel to the Middle East to hold talks with Gulf partners on ensuring the reopening of the Strait of Hormuz remains permanent after a U.S.-Iran ceasefire, his office said on Wednesday."I welcome the ceasefire agreement reached...Reuters
34 minutes ago
TABLE-North Sea gas maintenance schedule: Revises Troll outage
April 8 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTA...Reuters
57 minutes ago
Port infrastructure in Ukraine's Izmail damaged by Russian drone, Ukraine says
KYIV, April 8 (Reuters) - A Russian overnight drone attack on Ukraine's largest Danube river port, Izmail, damaged a port facility, Ukraine's regional development ministry said on Telegram on Wednesday."Fires broke out on the territory of warehouse premises," the ministry said, addin...Reuters
an hour ago
VEGOILS-Palm drops more than 3% as crude oil slumps on US-Iran ceasefire
KUALA LUMPUR, April 8 (Reuters) - Malaysian palm oil futures tumbled more than 3% on Wednesday, pressured by a sharp drop in crude oil prices following a U.S-Iran ceasefire deal.The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange slid 150 ringgit, or 3...Reuters
an hour ago
PRESS DIGEST -Wall Street Journal - April 8
April 8 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - The U.S. government has so far rejected requests from Ford F.N and other U.S. automakers for relief from aluminum tariffs after fires ...Reuters
an hour ago
Oil Product Deliveries To Spanish Market From Fuel Distributor Exolum Terminals Up 5.1% In March YoY
April 8 (Reuters) - Oil Logistics Company Exolum:SAID ON TUESDAY OIL PRODUCT DELIVERIES TO THE SPANISH MARKET FROM FUEL DISTRIBUTOR EXOLUM TERMINALS INCREASED BY 5.1% IN MARCH YEAR ON YEARReuters
an hour ago
US President Donald Trump says 'big day for world peace' as attacks paused
US President Donald Trump said on a Truth Social post that Tuesday was “a big day for world peace.” Trump added that the US will be “helping with the traffic buildup” in the Strait of Hormuz and that “big money will be made” as Iran begins reconstruction.Fxstreet
2 hours ago
WRAPUP 2-Trump agrees to two-week ceasefire, Iran says safe passage through Hormuz possible
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, Ahmed Tolba and Jasper Ward WASHINGTON/D...Reuters
2 hours ago
Trump says US will help with traffic buildup in Strait of Hormuz
April 8 (Reuters) - U.S. President Donald Trump said on Wednesday the United States will help with the buildup of shipping traffic in the Strait of Hormuz. Trump on Tuesday agreed to a two-week ceasefire with Iran less than two hours before his deadline for Tehran to reopen the strait or face attack...Reuters
2 hours ago
China's teapots seek Iranian oil after prices fall, sources say
SINGAPORE, April 8 (Reuters) - Some Chinese independent refiners, armed with fresh import quotas from Beijing, have begun seeking prompt cargoes of Iranian crude after oil prices slumped on Wednesday, three trade sources said.Brent crude futures LCOc1 dropped below $100 per barrel on Wednesday to th...Reuters
2 hours ago
WRAPUP 1-Trump agrees to two-week ceasefire, Iran says safe passage through Hormuz possible
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, Ahmed Tolba and Jasper Ward WASHINGTON/D...Reuters
2 hours ago
