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PRECIOUS-Gold climbs to near three-week high after US, Iran agree to ceasefire
Oil prices fall below $100-markUS dollar at lowest level in a monthIran agrees to ceasefire hours before Trump's deadlineNegotiations to begin on April 10 in Islamabad, Iran saysBy Ishaan Arora April 8 (Reuters) - Gold rose to a near three-week high on Wednesday, as oil prices and the dollar ...Reuters
8 minutes ago
Russian drone damages infrastructure, vessel at Ukraine's largest Danube port
KYIV, April 8 (Reuters) - A Russian overnight drone attack on Ukraine's largest Danube river port, Izmail, damaged port infrastructure and a civilian vessel, Ukraine's seaport authority said on Wednesday. According to its Telegram post, fires broke out in warehouses but were extinguished...Reuters
12 minutes ago
Iranian Oil Refining Company confirms attack on Lavan refinery, Shana reports
DUBAI, April 8 (Reuters) - An oil refinery on Iran's Lavan Island was targeted in an "enemy attack" on Wednesday without causing casualties, the National Iranian Oil Refining and Distribution Company said, according to the Oil Ministry's news outlet, Shana. The company said the facil...Reuters
16 minutes ago
Hapag-Lloyd says a return to normal shipping will take 6-8 weeks once Middle East stabilises
Full network recovery would need 6-8 weeks if ceasefire holdsHapag CEO warns ongoing disruption, higher costsAbout 1,000 ships stuck in region, including six Hapag-Lloyd vesselsBy Elke Ahlswede and Ludwig Burger FRANKFURT, April 8 (Reuters) - Hapag-Lloyd voiced cautious optimism on Wednesday on t...Reuters
16 minutes ago
German foreign minister urges Israel to limit Lebanon actions to 'necessary self-defence'
BERLIN, April 8 (Reuters) - German Foreign Minister Johann Wadephul told his Israeli counterpart in a phone call on Wednesday that Israel should limit its actions in Lebanon to only "necessary self-defence" against Hezbollah, according to a ministry spokesperson. "In a conversation with...Reuters
30 minutes ago
Middle East Crude-Dubai premium hits one-month low after Trump announces two-week ceasefire
SINGAPORE, April 8 (Reuters) - Middle East crude benchmark spot premiums of Dubai fell sharply on Wednesday to the lowest in a month, after U.S. President Donald Trump said he had agreed to a two-week ceasefire with Iran.Oman and Murban premiums also dropped to about half of their values in the prev...Reuters
31 minutes ago
Italy rules out sending ships to patrol Hormuz Strait without U.N. mandate
ROME, April 8 (Reuters) - Italy will not send any ships to help police the Hormuz Strait area following a ceasefire between the United States and Iran unless it is part of a U.N.-led initiative, Deputy Prime Minister Matteo Salvini said on Wednesday."It is not on the agenda. We have already said...Reuters
38 minutes ago
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
April 8 (Reuters) - A surge in jet fuel prices driven by the U.S.-Israeli war on Iran has upended the global aviation industry, forcing airlines to raise fares and revise financial outlooks.Jet fuel prices have soared from $85 to $90 per barrel to $150 to $200 per barrel in recent weeks, a financial...Reuters
40 minutes ago
WRAPUP 5-US and Iran agree to two-week ceasefire brokered by Pakistan
Trump says Iran proposal is basis for negotiationIran describes deal as victory over TrumpIsraeli campaign continues in LebanonBy Steve Holland, Parisa Hafezi and Alexander Cornwell WASHINGTON/DUBAI/TEL AVIV, April 8 (Reuters) - The United States and Iran agreed to a two-week ceasefire br...Reuters
57 minutes ago
EUROPE POWER-Forward curve drops on ceasefire deal
PARIS, April 8 (Reuters) - European forward prices fell sharply on Wednesday, tracking lower oil and gas prices after the United States and Iran agreed to a two-week ceasefire.The deal was subject to Iran's agreement to pause its blockade of oil and gas supplies through the Strait of Hormuz, U.S...Reuters
an hour ago
EUROPE POWER-Forward curve drops on ceasefire deal
PARIS, April 8 (Reuters) - European forward prices fell sharply on Wednesday, tracking lower oil and gas prices after the United States and Iran agreed to a two-week ceasefire.The deal was subject to Iran's agreement to pause its blockade of oil and gas supplies through the Strait of Hormuz, U.S...Reuters
2 hours ago
WTI Crude Oil steadies near $90.00 after a ceasefire-led sell-off
Crude prices tumbled on Wednesday after the announcement of a two-week ceasefire in the Iran war. The price of the US benchmark West Texas Intermediate (WTI) barrel plunged more than 15% from Tuesday’s highs above $106.00 to consolidate around $90.00 at the time of writing.
Fxstreet
2 hours ago
France will monitor to ensure petrol prices go back down after Iran-U.S. ceasefire, PM says
PARIS, April 8 (Reuters) - The French government will closely monitor petrol pump prices to ensure they fall as quickly as they rose following the ceasefire deal between Iran and the United States, French Prime Minister Sebastien Lecornu said on Wednesday.He added in a post on X that there will be a...Reuters
2 hours ago
Oil tumbles below $100 after Trump announces two-week ceasefire
Iran says it will open up Strait of Hormuz for two weeks if attacks stopTrump says Iran has offered 10-point peace proposal Uncertainties still create room for geopolitical premium By Ahmad Ghaddar and Jeslyn Lerh LONDON, April 8 (Reuters) - Oil fell below $100 per barrel on Wednesday after U.S....Reuters
2 hours ago
Maersk cautious on Strait of Hormuz shipping despite US-Iran ceasefire
Maersk says working to obtain further clarity on ceasefireSays it is not making any changes to specific servicesMiddle East war has brought shipping in Gulf to near standstill COPENHAGEN, April 8 (Reuters) - Maersk MAERSKb.CO said on Wednesday the two-week ceasefire agreed between the U.S. and Ir...Reuters
2 hours ago
More than 15 countries planning to facilitate Strait of Hormuz access, Macron says
PARIS, April 8 (Reuters) - French President Emmanuel Macron said about 15 countries were planning to facilitate the resumption of traffic through the Strait of Hormuz, through which a fifth of the world's oil supply usually flows, after a ceasefire between the United States and Iran was announce...Reuters
2 hours ago
Israeli military says it has ceased fire in the campaign against Iran
April 8 (Reuters) - The Israeli military said on Wednesday it has ceased fire in the campaign against Iran in accordance with directives from the political echelon, after the United States announced a two-week ceasefire with Iran.Reuters
3 hours ago
Shell flags hit to Q1 gas output, capital outflow, due to 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 on Wednesday gave an early glance into th...Reuters
3 hours ago
