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US Plains HRW Wheat-Spot basis bids flat on light demand, lower futures
CHICAGO, April 8 (Reuters) - Basis bids for hard red winter (HRW) wheat held mostly steady in the southern U.S. Plains on Wednesday, underpinned by lower futures prices but capped by weak demand, grain merchants said.Farmer sales were slow at midweek as wheat futures plunged along with sharply lower...Reuters
7 minutes ago
Indiana suspends gas tax for 30 days amid rising prices
By Jasper Ward April 8 (Reuters) - Indiana on Wednesday became the second U.S. state to suspend its gas tax amid the ongoing U.S.-Israeli conflict with Iran. Governor Mike Braun, a Republican, said the suspension of the 7% usage tax on fuel will last 30 days and could be extended depending on ...Reuters
12 minutes ago
'Talks were almost dead': Pakistan's last-ditch effort to secure Iran war truce
Iran accepted ceasefire after Pakistani mediation, U.S. assurancesIsraeli officials opposed deal, deferred to U.S., sources sayPakistan conveyed strongest anger to Iran over Saudi strikeBy Asif Shahzad, Alexander Cornwell and Ariba Shahid ISLAMABAD/TEL AVIV, April 8 (Reuters) - Mediation efforts ...Reuters
33 minutes ago
GRAINS-Wheat, soyoil slide on Iran ceasefire; soybeans turn higher
Wheat hits one-month low, corn dipsDeep losses in crude oil after Trump's ceasefire announcementSoybeans turn up as focus shifts to US-China talks in MayBy Julie Ingwersen CHICAGO, April 8 (Reuters) - Chicago wheat futures fell nearly 3% on Wednesday while corn and soyoil also sagged after U....Reuters
34 minutes ago
Gold climbs on US-Iran ceasefire as softer Dollar, Oil lend support
Gold (XAU/USD) advances on Wednesday, yet trades off a three-week high of $4,857 hit earlier in the day, as falling Oil prices weighed on the US Dollar, which weakened to a four-week low in the US Dollar Index (DXY). At the time of writing, the XAU/USD pair trades at $4,735, up more than 0.70%.
Fxstreet
35 minutes ago
PRECIOUS-Gold hits nearly three-week high after US-Iran ceasefire
Oil tumbles below $100 a barrelFed minutes show growing openness to rate hikes at March meeting 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 fell after Washington and Tehran agreed to a two-week...Reuters
35 minutes ago
POLL-US natural gas stockpiles likely rose by 46 billion cubic feet last week
April 8 (Reuters) - U.S. energy firms likely added 46 billion cubic feet of natural gas into storage last week as warmer-than-normal weather kept heating demand low, according to the average estimate in a Reuters poll released on Wednesday. The estimate compares with an injection of 53 bcf during th...Reuters
36 minutes ago
WRAPUP 11-Vance to lead US delegation to Iran talks on Saturday
By Steve Holland, Parisa Hafezi, Alexander Cornwell and Maya Gebeily WASHINGTON/DUBAI/TEL AVIV/BEIRUT, April 8 (Reuters) - U.S. President Donald Trump is dispatching his Iran negotiating team, led by Vice President JD Vance, to Pakistan for talks, the White House told reporters on Wednesday, addi...Reuters
59 minutes ago
Oil tumbles below $100 after Trump announces two-week ceasefire
Iran says it will open 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 weekBy Nicole Jao NEW YORK, April 8 (Reuters) - Oil tumbled below $100 a barrel on Wednesday after U.S. President Donald Tru...Reuters
an hour ago
ANALYSIS-As Trump claims victory, Iran emerges bruised but powerful with leverage over Hormuz
Iran emerges entrenched, retains power after US-Israel warTehran has de facto control of Hormuz chokepointIts plans to charge tolls for safe passage rattle global energy marketsCeasefire seen as fragile pause, risks sharper escalation aheadNuclear, missile and proxy threats remain unresolvedBy Samia...Reuters
an hour ago
Traders place large $950 million bet on oil price falling hours ahead of ceasefire
Investors sold 8,600 oil futures lots before US-Iran ceasefire, LSEG data showsLarge single trades are rare, typically spread across exchanges to avoid price impactOil trading volumes and volatility have surged since the war, hitting record highsBy Amanda Cooper, Alex Lawler and Ahmad Ghaddar LON...Reuters
an hour ago
GULF CURRENTS-Gulf’s ‘worst-case scenario’?
By Andrew Mills April 8 (Reuters) - When the history books of the Iran war are written, Tuesday night into Wednesday morning may well rank among the most anxious hours for the modern Gulf.After U.S. President Donald Trump warned Iranians that “a whole civilization will die tonight”, residents fro...Reuters
an hour ago
'Talks were almost dead': Pakistan's last-ditch effort to secure Iran war truce
Iran accepted ceasefire after Pakistani mediation, U.S. assurancesIsraeli officials opposed deal, deferred to U.S., sources sayPakistan conveyed strongest anger to Iran over Saudi strikeBy Asif Shahzad, Alexander Cornwell and Ariba Shahid ISLAMABAD/TEL AVIV, April 8 (Reuters) - Mediation efforts ...Reuters
an hour ago
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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
3 hours ago
