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ROI-Iran's Hormuz 'toll booth' set to hardwire higher energy prices
By Ron Bousso LONDON, April 9 (Reuters) - The war that closed the Strait of Hormuz has ended - for now. But Tehran's demand to act as toll booth keeper at the world's most critical oil chokepoint could leave energy markets vulnerable and hardwire higher prices for years to come.The U.S. a...Reuters
2 hours ago
Australia's export credit agency to underwrite fuel imports by Viva, Ampol to boost supply
SYDNEY, April 9 (Reuters) - Australia will secure extra fuel supply by underwriting spot market purchases by its two largest suppliers, Ampol ALD.AX and Viva Energy VEA.AX, through its export credit agency, Prime Minister Anthony Albanese said on Thursday.It comes after the parliament last week pass...Reuters
13 minutes ago
Silver Price Forecast: XAG/USD struggles around $73.50; vulnerable while below 200-EMA
Silver (XAG/USD) is seen extending the previous day's modest pullback from the weekly high and drifting lower during the Asian session on Thursday. The white metal currently trades just below mid-$73.00s, down 2.0% for the day, and seems vulnerable to slide further.
Fxstreet
53 minutes ago
WTI jumps above $92.50 amid US and Iran’s fragile ceasefire
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $92.80 during the Asian trading hours on Thursday. The WTI price jumps after Iran accuses the US of violating elements of a two-week ceasefire agreement.
Fxstreet
an hour ago
PRECIOUS-Gold steadies as markets weigh US-Iran ceasefire talks; key US data eyed
April 9 (Reuters) - Gold prices held steady on Thursday, as investors stayed on the sidelines awaiting clearer signals on the U.S.–Iran ceasefire talks ahead of key U.S. inflation data later in the day.FUNDAMENTALSSpot gold XAU= was little changed at $4,715.42 per ounce by 0052 GMT. U.S. gold future...Reuters
an hour ago
Hezbollah fires rockets at northern Israel, citing ceasefire breaches
April 9 (Reuters) - Lebanon's Hezbollah said early on Thursday it fired rockets at northern Israel in its first attack against the country since the United States reached a two-week ceasefire agreement with Iran.Hezbollah said in a statement that its attack came in response to what it described ...Reuters
2 hours ago
LIVESTOCK-CME cattle futures end modestly higher on packer demand
CHICAGO, April 8 (Reuters) - Chicago Mercantile Exchange (CME) live cattle futures closed modestly higher on Wednesday, hovering near historic peaks due to strong demand from meat packers who need cattle to process ahead of the U.S. grilling season, analysts said.Benchmark CME June live cattle LCM26...Reuters
2 hours ago
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
4 hours 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
4 hours 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
4 hours 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
4 hours 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
4 hours 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
5 hours 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
5 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
5 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
5 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
5 hours ago
