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WTI Nosedives Below $90 as Iran Reopens Hormuz for Two Weeks
West Texas Intermediate (WTI), futures on NYMEX, slide over 11% below $90.00 on Wednesday, as Iran has agreed to reopen the Strait of Hormuz, a critical passage to 20% of global energy supply, for two weeks in return for a temporary ceasefire with the United States (US).
Fxstreet
an hour ago
Gold Climbs as Markets Reassess Risks After Trump Pauses Iran Attacks
April 8 (Reuters) - Gold prices climbed to a near three-week high on Wednesday as markets reassessed near-term risks after U.S. President Donald Trump agreed to suspend bombing and attacks on Iran for two weeks, easing fears of energy-driven inflation.
Reuters
an hour ago
Oil slides 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 Uncertainties still create room for geopolitical premium By Jeslyn Lerh SINGAPORE, April 8 (Reuters) - Oil fell below $100 per barrel on Wednesday after U.S. President Do...Reuters
9 minutes ago
TECHNICALS-CBOT corn may stabilise around $4.42-3/4 and bounce
SINGAPORE, April 8 (Reuters) - CBOT corn CK26 may stabilise around a support at $4.42-3/4 per bushel, and bounce toward $4.46-3/4.The support is identified as the 161.8% projection level of a wave c from $4.70-1/2, which may either end around this barrier or extend far below it.Regardless of the end...Reuters
10 minutes ago
India set to get first Iranian oil cargo in 7 years, tracking data shows
By Nidhi Verma NEW DELHI, April 8 (Reuters) - India is set to receive its first oil from Iran in seven years this week, after the U.S. temporarily removed sanctions on Iranian oil and refined products to ease supply shortages, ship tracking data from LSEG and Kpler showed on Wednesday.The cargo o...Reuters
12 minutes ago
WRAPUP 4-US, Iran agree to two-week ceasefire with reopening of Strait of Hormuz
Trump says Iran proposal is basis for negotiationIran describes deal as victory over TrumpSeveral Gulf countries report Iran missile and drone attacksTrump's earlier threat draws international condemnationBy Steve Holland, Parisa Hafezi, Enas Alashray, Ahmed Tolba and Jasper Ward WASHINGTON/D...Reuters
13 minutes ago
European benchmark gas plummets on Middle East ceasefire deal
By Nina Chestney LONDON, April 8 (Reuters) - The European benchmark gas contract plunged on Wednesday morning after U.S. President Donald Trump agreed to a two-week ceasefire with Iran, raising hopes of a resumption in oil and liquefied natural gas flows through the Strait of Hormuz.The last-minu...Reuters
14 minutes ago
RPT-Hezbollah pauses attacks under US-Iran ceasefire, sources close to group tell Reuters
April 8 (Reuters) - Lebanon's Hezbollah halted fire on northern Israel and on Israeli troops in Lebanon in the early hours of Wednesday as part of the U.S.-Iran ceasefire announced earlier, three Lebanese sources close to the group told Reuters. Israel has continued its strikes on southern Leban...Reuters
15 minutes ago
UK's Starmer heads to the Gulf to discuss Strait of Hormuz reopening
LONDON, April 8 (Reuters) - British Prime Minister Keir Starmer will travel to the Gulf on Wednesday to hold talks with regional leaders to try to ensure the Strait of Hormuz opens permanently after a U.S.-Iran ceasefire, his office said."I welcome the ceasefire agreement reached overnight, whic...Reuters
26 minutes ago
Hezbollah pauses attacks under US-Iran ceasefire, sources close to group tell Reuters
April 8 (Reuters) - Lebanon's Hezbollah halted fire on northern Israel and on Israeli troops in Lebanon in the early hours of Wednesday as part of the U.S.-Iran ceasefire announced earlier, three Lebanese sources close to the group told Reuters. Israel has continued its strikes on southern Leban...Reuters
26 minutes ago
South Korea to push for the release of ships in the Strait of Hormuz, media says
SEOUL, April 8 (Reuters) - South Korea's presidential Blue House said on Wednesday that the government would do its best to ensure the country's ships can pass through the Strait of Hormuz as soon as possible based on the conditions created under a two-week ceasefire agreed between the U.S. ...Reuters
30 minutes ago
Shell trims Q1 gas production outlook after Qatar disruptions, citing Iran conflict
Shell cuts Q1 integrated gas outlook after Qatar disruptionsMiddle East conflict boosts trading profits, oil prices surgeWorking capital to swing sharply amid extreme price volatilityBy Stephanie Kelly and Shadia Nasralla LONDON, April 8 (Reuters) - Shell SHEL.L trimmed the first-quarter outlook ...Reuters
31 minutes ago
TECHNICALS-CBOT soybeans may retest support at $11.40-3/4
For more technical analyses, please click SINGAPORE, April 8 (Reuters) - The CBOT soybean May contract SK26 may retest a support at $11.40-3/4 per bushel, as its fall is far from complete.A wave C from $11.79-3/4 is driving the market down. A projection analysis on this wave suggests a target of $11...Reuters
32 minutes ago
India set to get first Iranian oil cargo in 7 years, ship tracking data shows
NEW DELHI, April 8 (Reuters) - India is set to receive Iranian oil this week, its first purchase in seven years after the U.S. temporarily removed sanctions on Iranian oil and refined products to ease supply shortages, ship tracking data from LSEG and Kpler showed on Wednesday.India's oil minist...Reuters
34 minutes ago
Israel issues new evacuation order for Tyre in southern Lebanon, saying it will strike
April 8 (Reuters) - Israel's military issued repeated urgent warnings to residents of the city of Tyre on Wednesday to evacuate their homes immediately and move north of the Zahrani River, saying it will strike the area.This comes after Israeli Prime Minister Benjamin Netanyahu said that the U.S...Reuters
53 minutes ago
UK's Starmer to discuss Strait of Hormuz reopening in Gulf trip after ceasefire
LONDON, April 8 (Reuters) - British Prime Minister Keir Starmer will travel to the Middle East to hold talks with Gulf partners on ensuring the reopening of the Strait of Hormuz remains permanent after a U.S.-Iran ceasefire, his office said on Wednesday."I welcome the ceasefire agreement reached...Reuters
59 minutes ago
TABLE-North Sea gas maintenance schedule: Revises Troll outage
April 8 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTA...Reuters
an hour ago
Port infrastructure in Ukraine's Izmail damaged by Russian drone, Ukraine says
KYIV, April 8 (Reuters) - A Russian overnight drone attack on Ukraine's largest Danube river port, Izmail, damaged a port facility, Ukraine's regional development ministry said on Telegram on Wednesday."Fires broke out on the territory of warehouse premises," the ministry said, addin...Reuters
an hour ago
VEGOILS-Palm drops more than 3% as crude oil slumps on US-Iran ceasefire
KUALA LUMPUR, April 8 (Reuters) - Malaysian palm oil futures tumbled more than 3% on Wednesday, pressured by a sharp drop in crude oil prices following a U.S-Iran ceasefire deal.The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange slid 150 ringgit, or 3...Reuters
2 hours ago
PRESS DIGEST -Wall Street Journal - April 8
April 8 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - The U.S. government has so far rejected requests from Ford F.N and other U.S. automakers for relief from aluminum tariffs after fires ...Reuters
2 hours ago
