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Physical oil prices hit record highs near $150 a barrel as Hormuz crisis worsens
Hormuz closure creates very tight market for oil delivered soon, analysts sayNorth Sea Forties crude reaches record high outright price, LSEG data showsPanic over supplies is driving physical prices higher, expert saysBy Alex Lawler LONDON, April 7 - European and Asian refiners are paying record ...Reuters
36 minutes ago
Gold: Near-term downside before late-2026 recovery – TD Securities
TD Securities commodity strategists see Gold and Silver facing further correction as the Middle East war sustains inflation expectations and delays Fed easing. Elevated opportunity costs and reduced regional capital are near-term headwinds.
Fxstreet
51 minutes ago
Iran has attacked Saudi Arabia's Jubail petrochemical complex, IRGC says
IRGC says attacks in response to strikes on Iran's Asaluyeh plantsSmoke and flames rising from the direction of Saudi's Jubail April 7 (Reuters) - Iran on Tuesday attacked Saudi Arabia's Jubail petrochemical complex, the heart of the kingdom's downstream sector, its Revolutionary...Reuters
an hour ago
PRECIOUS-Gold steady as Trump's Iran deadline looms
Iran shows no sign of accepting Trump's ultimatumUS Fed minutes due on Wednesday China's central bank adds gold to reserves for 17th monthBy Ashitha Shivaprasad April 7 (Reuters) - Gold prices were little changed on Tuesday, as caution prevailed in the market ahead of the expiry of a U.S....Reuters
an hour ago
Oil prices rise as Hormuz stays shut ahead of Trump deadline, strikes on Iran intensify
Iran faces 8 p.m. Washington deadline to open Strait of HormuzTrump threatens to order attacks on Iran's bridges, power plantsIran rejects temporary ceasefire, demands permanent end to conflictWTI premium to Brent widensBy Shadia Nasralla LONDON, April 7 (Reuters) - Oil prices rose on Tuesday...Reuters
an hour ago
Iran will not show flexibility as long as US demands surrender, senior Iranian source to Reuters.
DUBAI, April 7 (Reuters) - Iran and the United States continue to exchange messages through Pakistan, a senior Iranian source told Reuters on Tuesday, but Tehran will not show flexibility as long as Washington continues to demand its "surrender under pressure".The senior Iranian source, who ...Reuters
2 hours ago
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
April 7 (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
2 hours ago
US natgas futures rise as daily production falls, Texas Waha prices stay negative
Waha Hub prices negative for record 42 days due to Permian pipeline constraintsLSEG reports daily output drop to two-week low, mostly in Louisiana and ArkansasCheniere pipe maintenance cuts feedgas to Sabine LNG plant, lowering LNG flows By Scott DiSavino NEW YORK, April 7 (Reuters) - U.S. natura...Reuters
2 hours ago
CBOT Trends-Wheat down 1-4 cents, corn steady-down 3, soybeans steady-up 2
CHICAGO, April 7 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Tuesday: WHEAT - Down 1 to 4 cents per bushel Wheat lower on forecasts for rain in the drought-stressed Plains. Weaker...Reuters
2 hours ago
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
April 7 (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, which averaged at about $85 to $90 a barrel before the U.S. and Israeli strikes on Iran start...Reuters
2 hours ago
Glass Lewis recommends vote against BP chair over blocked climate resolution
Glass Lewis, ISS recommend voting against BP board's wishesRecommendations by big proxy firms against board are rareBP's new CEO O'Neill started last weekBy Shadia Nasralla and Stephanie Kelly LONDON, April 7 (Reuters) - Major proxy advisor Glass Lewis has recommended BP BP.L sharehol...Reuters
2 hours ago
Delta Air hikes checked baggage fees as jet fuel prices soar
April 7 (Reuters) - Delta Air Lines DAL.N said on Tuesday it will raise fees for checked bags on domestic and select short-haul international routes, as airlines seek to offset soaring jet fuel costs linked to escalating tensions in the Middle East.The increase marks the first hike in Delta's do...Reuters
2 hours ago
RPT-ROI-It's time to end the world's delusions over the Iran energy crisis: Russell
By Clyde Russell LAUNCESTON, Australia, April 7 - The U.S. and Israeli war against Iran has been characterised by a series of miscalculations by most of the involved and peripheral parties, but the real danger is the delusion over the scale of the resulting energy crisis.It is delusional of any n...Reuters
2 hours ago
US hits military targets on Iran's Kharg Island, Vance says no change to strategy
BUDAPEST/WASHINGTON, April 7 (Reuters) - U.S. strikes on Iran's Kharg Island do not represent a change in American strategy, U.S. Vice President JD Vance said on Tuesday as a U.S. official separately told Reuters the additional strikes on military targets did not impact oil infrastructure.The of...Reuters
2 hours ago
PRECIOUS-Gold edges up on dip-buying, investors focus on Middle East
Gold edges up, rose 1% in early EMEA hoursIran defiant in face of Trump's deadline to unleash "hell"IRGC threatens to disrupt regional oil, gas supplies for yearsChina's central bank adds gold to reserves for 17th monthBy Ishaan Arora April 7 (Reuters) - Gold prices edged higher o...Reuters
2 hours ago
Russia says Middle East war disruption opens up new trade opportunities
MOSCOW, April 7 (Reuters) - Global supply disruptions caused by the war in the Middle East have opened up new trade opportunities for Russia, but price stability in the domestic market remains a priority, Russian Prime Minister Mikhail Mishustin said on Tuesday.Russia, the world's second-largest...Reuters
3 hours ago
