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Shippers seek clarity on Hormuz passage as Iran issues fresh warnings
War against Iran disrupts shipping via Strait of HormuzUS-Iran announce a two-week ceasefire dealIran agrees to ensure safe ship passage, demands permissionsMajor shipping companies in wait-and-see mode By Jeslyn Lerh and Nerijus Adomaitis SINGAPORE/OSLO, April 8 (Reuters) - Shippers on Wednesday...Reuters
6 minutes ago
EU wheat drops to six-week low on Iran war ceasefire
PARIS, April 8 (Reuters) - Benchmark wheat prices on Euronext fell over 2% on Wednesday to their lowest in almost six weeks as a U.S.-Iranian ceasefire agreement raised expectations of easing disruption to energy supplies, traders said.May milling wheat BL2K6, the most-active position on Paris-based...Reuters
11 minutes ago
Europe Gasoline/Naphtha-Gasoline refining margins rise
LONDON, April 8 (Reuters) - Northwest European gasoline refinery profit margins rose $1.09 on Wednesday to about $16.76 a barrel on lower stocks in the U.S.A total of 26,000 metric tons of E5 gasoline barges traded in the Argus window, with BP, Exxon, Shell and Equinor selling to TotalEnergies and M...Reuters
35 minutes ago
WTI slides sharply after US-Iran ceasefire removes war premium
West Texas Intermediate (WTI) Crude Oil trades sharply lower on Wednesday, falling more than 10% after a temporary ceasefire agreement between the United States and Iran reduced the geopolitical risk premium embedded in prices.
Fxstreet
49 minutes ago
Hungary's Mol Group buys crude oil worth $500 million from US, White House says
April 8 (Reuters) - Hungarian energy company Mol Group has purchased crude oil worth $500 million from United States and American companies, the White House said on Wednesday.The announcement comes following a trip to Hungary by U.S. Vice President JD Vance.Reuters
56 minutes ago
IMF, World Bank and UN's World Food Program say war is increasing food insecurity
WASHINGTON, April 8 (Reuters) - The heads of the World Bank, International Monetary Fund and the U.N. World Food Program on Wednesday warned that sharp increases in oil, natural gas and fertilizer prices will inevitably lead to rising food prices and food insecurity.In a joint statement, the leaders...Reuters
58 minutes ago
IFC, First Quantum Minerals Sign Agreement To Develop Copper Project In Argentina
April 8 (Reuters) - First Quantum Minerals Ltd FM.TO:IFC, FIRST QUANTUM SIGN AGREEMENT TO ADVANCE ON SUSTAINABLE DEVELOPMENT OF COPPER PROJECT IN ARGENTINA- STATEMENTTHE PARTNERSHIP WILL HELP FIRST QUANTUM SECURE DEBT FINANCING FOR THE $5.25 BILLION PROJECT- CO STATEMENTReuters
an hour ago
PRECIOUS-Gold hits nearly three-week high after US-Iran ceasefire
Israel pounds Lebanon and Iran hits neighboursOil tumbles below $100 a barrel Minutes of Fed's March meeting due to be released at 2 p.m. EDT Palladium up over 7%By Ashitha Shivaprasad April 8 (Reuters) - Gold scaled nearly a three-week peak on Wednesday, as the U.S. dollar and oil prices fel...Reuters
an hour ago
EU's Kallas: uncertainty remains in the Gulf region despite ceasefire
BRUSSELS, April 8 (Reuters) - European Union's foreign policy chief Kaja Kallas said on Wednesday the uncertainty remains in the Gulf region even though the two-week ceasefire between the U.S. and Iran is a relief.The current crisis has shown there is a need for a "stronger EU-Gulf partnersh...Reuters
an hour ago
QatarEnergy preparing for LNG production startup, sources say
April 8 (Reuters) - QatarEnergy is preparing to restart liquefied natural gas (LNG) production, two sources with knowledge of the matter told Reuters on Wednesday.In March, QatarEnergy halted production of LNG and associated products due to military attacks on facilities in Ras Laffan and Mesaieed.T...Reuters
an hour ago
'A lot of work to do' to reopen Strait of Hormuz, UK's Starmer says on Gulf trip
LONDON, April 8 (Reuters) - British Prime Minister Keir Starmer said on Wednesday there was still a lot of work to do to reopen the Strait of Hormuz following the U.S.-Iran ceasefire, speaking during a visit to the Gulf.Starmer will hold talks with regional leaders during the visit, which had been p...Reuters
2 hours ago
Mosaic to idle Brazil phosphate plants in cost-cutting push
April 8 (Reuters) - Mosaic MOS.N said on Wednesday it will idle two phosphate facilities in Brazil, cut jobs and reduce annual output by about 1 million tonnes, as the fertilizer producer moves to curb costs, redeploy capital and pursue the sale of assets.The U.S.-based company will begin idling and...Reuters
2 hours ago
Brazil's Raizen launches debt talks, eyeing asset sales
By Luciana Magalhaes and Oliver Griffin SAO PAULO, April 8 (Reuters) - Brazil's fuel and sugar giant Raizen RAIZ4.SA has begun talks to convert about 29 billion reais ($5.7 billion) of debt into shares, two people involved in negotiations said, which could help clear the way for some 10 billi...Reuters
2 hours ago
Exxon signals lower Q1 profit despite higher oil, gas revenue from Iran war price spikes
Upstream earnings could gain from higher oil, gas pricesExxon to release full Q1 results on May 1Downstream earnings hit by timing effectsExxon expects profits to rebound in later quartersBy Sheila DangHOUSTON, April 8 (Reuters) - Exxon Mobil XOM.N signaled on Wednesday that first quarter earnings c...Reuters
2 hours ago
Mosaic To Idle Araxá And Patrocínio Mining Complexes In Brazil
April 8 (Reuters) - Mosaic Co MOS.N:MOSAIC CO - TO IDLE ARAXÁ AND PATROCÍNIO MINING COMPLEXES IN BRAZIL - SEC FILINGMOSAIC CO - WORKFORCE REDUCTIONS TO OCCUR AT ARAXÁ AND PATROCÍNIO SITES - SEC FILINGMOSAIC CO - TO PURSUE SALE OF ARAXÁ ASSETS AND CONTINUE NIOBIUM DEVELOPMENT AT PATROCÍNIO - SEC FILI...Reuters
2 hours ago
WRAPUP 10-Relief at truce gives way to alarm as Israel pounds Lebanon and Iran hits neighbours
Trump says Iran proposal is basis for negotiationPreparations being made for talks in Pakistan Israeli attacks on Lebanon the biggest yetIran continues to strike its Gulf neighboursIran describes deal as victory over TrumpBy Steve Holland, Parisa Hafezi, Alexander Cornwell and Maya Gebeily WASHIN...Reuters
2 hours ago
EXCLUSIVE-Rusal plans to reroute aluminium from China to Japan as Iran conflict reshapes trade, sources say
Japan aluminium premiums soar to 11-year highs on Iran crisisCountry sources over a quarter of its aluminium from GulfChina buyers baulk at prices based on Japan premiums, sources sayBy Tom Daly, Polina Devitt, Amy Lv and Pratima Desai LONDON/BEIJING, April 8 (Reuters) - Russia's Rusal 0486.H...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 a 10-point peace proposal US crude inventories rose more than expected last week, EIA saysBy Nicole Jao NEW YORK, April 8 (Reuters) - Oil tumbled below $100 a barrel on Wednesday after U.S. Preside...Reuters
2 hours ago
US military says it's ready to resume Iran fighting if diplomacy fails
US claims major tactical wins, destroying much of Iran's military infrastructureIran declares historic victory, enters talks distrustful of US intentionsExperts note Iran's regime remains intact, Tehran may be emboldenedBy Idrees Ali and Phil Stewart WASHINGTON, April 8 (Reuters) - The to...Reuters
2 hours ago
The new Trump trades: how investors are navigating Iran shocks
New Trump trades emerging from war-fuelled uncertaintyVolatility creates mis-pricing opportunitiesHigher for longer oil anticipatedBy Naomi Rovnick LONDON, April 8 (Reuters) - Investors are piecing together a new "Trump trade" playbook for navigating market uncertainty, ranging from wheth...Reuters
2 hours ago
