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ANALYSIS-Trump's abrupt Iran reversal exposes limits of his leverage
Trump pulls back from much-criticized Iran threat; critics call it a ‘TACO’ momentSome analysts say Trump's unpredictable approach undermines US credibilityTrump supporters see it as effective negotiating tacticBy Matt Spetalnick, David Brunnstrom and Gram Slattery WASHINGTON, April 8 (Reuter...Reuters
20 minutes ago
ANALYSIS-As Trump claims victory, Iran emerges bruised but powerful with leverage over Hormuz
Ceasefire seen as fragile pause, risks sharper escalation aheadIran emerges entrenched, retains power after US-Israel warTehran has de facto control of Hormuz choke pointIts plans to charge tolls for safe passage rattle global energy marketsNuclear, missile and proxy threats remain unresolvedBy Sami...Reuters
22 minutes ago
Iran's IRGC navy issues map to guide ships around Hormuz mines, Iranian media say
April 9 (Reuters) - Iran's Revolutionary Guards navy posted a map showing alternative shipping routes in the Strait of Hormuz to help transiting ships avoid naval mines, the semi-official Iranian news agency ISNA said early on Thursday.Reuters
29 minutes ago
CIF/FOB Gulf Grain-Soybean barge bids firm as futures turn higher; winds disrupt some barge river traffic
CHICAGO, April 8 (Reuters) - Spot basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast terminals firmed on Wednesday, as soybean futures Sv1 turned higher on optimism about soy export prospects ahead of U.S.-China talks planned for next month, traders said.Empty barge freight rates f...Reuters
51 minutes ago
US Cash Crude-Grades dip as WTI/Brent spread trades narrows, supply concerns ease
HOUSTON, April 8 (Reuters) - Cash crude grades eased on Wednesday for a third straight session, as the spread between WTI and Brent narrowed to its smallest in nearly a month, on hopes the Strait of Hormuz would reopen after U.S. President Donald Trump agreed to a two-week ceasefire with Iran.Mars e...Reuters
59 minutes ago
BREAKINGVIEWS-Oil shock will speed electric cars’ comeback
By Katrina Hamlin HONG KONG, April 8 (Reuters Breakingviews) - Energy crises tend to change driving habits. The oil shock of 1973 encouraged car owners to replace their gas guzzlers with smaller, fuel-efficient engines. This time, the experience of extreme supply shortages and higher petrol price...Reuters
an hour 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
2 hours ago
As Trump claims victory, Iran emerges bruised but powerful with leverage over Hormuz
Ceasefire seen as fragile pause, risks sharper escalation aheadIran emerges entrenched, retains power after US-Israel warTehran has de facto control of Hormuz choke pointIts plans to charge tolls for safe passage rattle global energy marketsNuclear, missile and proxy threats remain unresolvedBy Sami...Reuters
2 hours ago
Greek PM says tolls for ships to cross Hormuz would be unacceptable, a risk to freedom of navigation
ATHENS, April 8 (Reuters) - Greek Prime Minister Kyriakos Mitsotakis said on Wednesday it would be unacceptable for ships to have to pay a fee to cross the Strait of Hormuz as Iran has suggested, and such a move would set a dangerous precedent for freedom of navigation.The Iran war has threatened Gu...Reuters
2 hours ago
Fitch Downgrades Westjet To 'B-' From 'B' Outlook Stable
April 8 (Reuters) - Onex Corp ONEX.TO:FITCH DOWNGRADES WESTJET TO 'B-' FROM 'B'; OUTLOOK STABLEFITCH ON WESTJET: EXPECTS COMPANY TO OFFSET FUEL COSTS THROUGH FARE INCREASES AMID STRONG DEMANDFITCH: EXPECTS JET FUEL PRICES TO STRAIN PROFITABILITY KEEPING WESTJET'S CREDIT METRICS O...Reuters
2 hours ago
Delta Air Lines Expect That Fuel Consumption For Remainder Of 2026 Will Remain Aligned With Capacity Changes Compared To 2025
April 8 (Reuters) - Delta Air Lines Inc DAL.N:DELTA AIR LINES: EXPECT THAT FUEL CONSUMPTION FOR REMAINDER OF 2026 WILL REMAIN ALIGNED WITH CAPACITY CHANGES COMPARED TO 2025- SEC FILINGDELTA AIR LINES: EXPECT ELEVATED JET FUEL COST TO CONTINUE UNTIL RECENT MARKET DISRUPTIONS AND GEOPOLITICAL EVENTS A...Reuters
2 hours ago
CBOT corn ends lower, following as crude tumbles on US-Iran ceasefire
CHICAGO, April 8 (Reuters) - Chicago Board of Trade corn futures fell on Wednesday, as crude oil CLc1 futures plunged below $100 a barrel after U.S. President Donald Trump agreed to a two-week ceasefire with Iran, traders said.Corn sometimes follows energy prices due to its role as a feedstock for e...Reuters
3 hours ago
CBOT soybeans rally to end firm, soyoil falls as crude oil tumbles
CHICAGO, April 8 (Reuters) - Chicago Board of Trade soybean futures ended higher on Wednesday on export optimism ahead of U.S.-China talks next month, rallying from early pressure tied to a steep slide in crude oil futures, traders said.CBOT May soybeans SK26 settled up 3-3/4 cents, or 0.3%, at $11....Reuters
3 hours ago
EXCLUSIVE-Diesel hydrotreater, control room destroyed in March Valero Port Arthur refinery blast, sources say
Diesel hydrotreater and control room destroyed in March 23 Valero Port Arthur fire, sources sayValero building temporary control room to restart gasoline Gulfiner hydrotreater, sources reportPort Arthur refinery produces 6.1% of Gulf Coast distillates, key amid high fuel pricesBy Erwin SebaNo injuri...Reuters
3 hours ago
New Jersey ends de-facto nuclear power plant moratorium
By Laila KearneyNEW YORK, April 8 (Reuters) - New Jersey lifted a de-facto moratorium on new nuclear energy on Wednesday in the state, which is struggling with some of the fastest-rising power bills in the U.S. as electricity demand outpaces the addition of new supplies.Governor Mikie Sherrill signe...Reuters
3 hours ago
Southwest to fly wine for free in rare perk as airline fees rise
April 8 (Reuters) - Southwest Airlines LUV.N will fly wine for free from parts of the U.S. West Coast after launching new flights to California's wine country, in a rare freebie as carriers pile on additional charges to cover high jet fuel costs.A spokesperson for the carrier said on Wednesday i...Reuters
3 hours ago
Exxon plans spring and year-end overhauls at Beaumont, Texas refinery, sources say
HOUSTON, April 8 (Reuters) - Exxon Mobil Corp XOM.N plans overhauls in the spring and at the end of this year at its 612,000 barrel-per-day Beaumont, Texas refinery, said people familiar with plant operations. In May, Exxon plans to shut the 60,000-bpd coker for a planned overhaul that will continue...Reuters
3 hours ago
US crude output to fall next decade on sub-$70 Brent price forecast, EIA says
EIA projects US crude output to peak in 2025, then decline through mid-2030sLower Brent prices and dwindling prime drilling acreage to weigh on US productionPetroleum demand to fall as EV use rises; natural gas output and exports to increase NEW YORK/HOUSTON, April 8 (Reuters) - U.S. crude pr...Reuters
4 hours ago
US did not agree that ceasefire would cover Lebanon, Vance says
BUDAPEST, April 8 (Reuters) - Vice President JD Vance on Wednesday said Tehran's negotiators thought the U.S.-Iran ceasefire agreed to on Tuesday included Lebanon, but the U.S. had in fact not agreed to that."I think this comes from a legitimate misunderstanding. I think the Iranians thought...Reuters
4 hours ago
