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Shippers seek clarity on Hormuz reopening after US-Iran ceasefire deal
Uncertainty over logistics of reviving ship trafficIran says shipping to be coordinated with armed forcesAsian refiners, majors make fresh inquiries for tankersMore confidence needed to ease freight risk premium - analystBy Jeslyn Lerh SINGAPORE, April 8 (Reuters) - Shippers looking to revive the...Reuters
9 minutes ago
Exxon signals Q1 upstream profit bump from Iran war, downstream boost in later quarters
Upstream earnings could gain from higher oil and gas pricesExxon to release full Q1 results on May 1Downstream earnings hit by timing effects, but Exxon expects profits to rebound in later quartersCFO Hansen says negative impacts from trading program are temporary and will unwind over timeBy Sheila ...Reuters
15 minutes ago
EU not commenting on Hormuz security yet, spokesperson says
BRUSSELS, April 8 (Reuters) - The EU Commission on Wednesday declined to comment on possible future steps to secure traffic in the Strait of Hormuz at this stage of the ceasefire between the United States and Iran."We have the news of the ceasefire. We're welcoming it. As the High Representa...Reuters
34 minutes ago
VEGOILS-Palm hits two-week low as ceasefire drags crude oil down
KUALA LUMPUR, April 8 (Reuters) - Malaysian palm oil futures slid more than 3% on Wednesday, hitting their lowest in two weeks, as a sharp drop in crude oil prices following a U.S-Iran ceasefire deal weighed on the market.The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia...Reuters
39 minutes ago
Poland to continue capping fuel prices, says prime minister
WARSAW, April 8 (Reuters) - The information about the two-week ceasefire in the U.S.-Iran war brought relief as even a temporary ceasefire are better than war, Polish Prime Minister Donald Tusk said on Wednesday, adding he treated the information with "great caution"."We do not intend to...Reuters
43 minutes ago
PRECIOUS-Gold climbs to near three-week high after US, Iran agree to ceasefire
Oil prices fall below $100-markUS dollar at lowest level in a monthIran agrees to ceasefire hours before Trump's deadlineNegotiations to begin on April 10 in Islamabad, Iran saysBy Ishaan Arora April 8 (Reuters) - Gold rose to a near three-week high on Wednesday, as oil prices and the dollar ...Reuters
49 minutes ago
Russian drone damages infrastructure, vessel at Ukraine's largest Danube port
KYIV, April 8 (Reuters) - A Russian overnight drone attack on Ukraine's largest Danube river port, Izmail, damaged port infrastructure and a civilian vessel, Ukraine's seaport authority said on Wednesday. According to its Telegram post, fires broke out in warehouses but were extinguished...Reuters
53 minutes ago
Iranian Oil Refining Company confirms attack on Lavan refinery, Shana reports
DUBAI, April 8 (Reuters) - An oil refinery on Iran's Lavan Island was targeted in an "enemy attack" on Wednesday without causing casualties, the National Iranian Oil Refining and Distribution Company said, according to the Oil Ministry's news outlet, Shana. The company said the facil...Reuters
56 minutes ago
Hapag-Lloyd says a return to normal shipping will take 6-8 weeks once Middle East stabilises
Full network recovery would need 6-8 weeks if ceasefire holdsHapag CEO warns ongoing disruption, higher costsAbout 1,000 ships stuck in region, including six Hapag-Lloyd vesselsBy Elke Ahlswede and Ludwig Burger FRANKFURT, April 8 (Reuters) - Hapag-Lloyd voiced cautious optimism on Wednesday on t...Reuters
56 minutes ago
German foreign minister urges Israel to limit Lebanon actions to 'necessary self-defence'
BERLIN, April 8 (Reuters) - German Foreign Minister Johann Wadephul told his Israeli counterpart in a phone call on Wednesday that Israel should limit its actions in Lebanon to only "necessary self-defence" against Hezbollah, according to a ministry spokesperson. "In a conversation with...Reuters
an hour ago
Middle East Crude-Dubai premium hits one-month low after Trump announces two-week ceasefire
SINGAPORE, April 8 (Reuters) - Middle East crude benchmark spot premiums of Dubai fell sharply on Wednesday to the lowest in a month, after U.S. President Donald Trump said he had agreed to a two-week ceasefire with Iran.Oman and Murban premiums also dropped to about half of their values in the prev...Reuters
an hour ago
Italy rules out sending ships to patrol Hormuz Strait without U.N. mandate
ROME, April 8 (Reuters) - Italy will not send any ships to help police the Hormuz Strait area following a ceasefire between the United States and Iran unless it is part of a U.N.-led initiative, Deputy Prime Minister Matteo Salvini said on Wednesday."It is not on the agenda. We have already said...Reuters
an hour ago
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
April 8 (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
an hour ago
WRAPUP 5-US and Iran agree to two-week ceasefire brokered by Pakistan
Trump says Iran proposal is basis for negotiationIran describes deal as victory over TrumpIsraeli campaign continues in LebanonBy Steve Holland, Parisa Hafezi and Alexander Cornwell WASHINGTON/DUBAI/TEL AVIV, April 8 (Reuters) - The United States and Iran agreed to a two-week ceasefire br...Reuters
2 hours ago
EUROPE POWER-Forward curve drops on ceasefire deal
PARIS, April 8 (Reuters) - European forward prices fell sharply on Wednesday, tracking lower oil and gas prices after the United States and Iran agreed to a two-week ceasefire.The deal was subject to Iran's agreement to pause its blockade of oil and gas supplies through the Strait of Hormuz, U.S...Reuters
2 hours ago
EUROPE POWER-Forward curve drops on ceasefire deal
PARIS, April 8 (Reuters) - European forward prices fell sharply on Wednesday, tracking lower oil and gas prices after the United States and Iran agreed to a two-week ceasefire.The deal was subject to Iran's agreement to pause its blockade of oil and gas supplies through the Strait of Hormuz, U.S...Reuters
3 hours ago
WTI Crude Oil steadies near $90.00 after a ceasefire-led sell-off
Crude prices tumbled on Wednesday after the announcement of a two-week ceasefire in the Iran war. The price of the US benchmark West Texas Intermediate (WTI) barrel plunged more than 15% from Tuesday’s highs above $106.00 to consolidate around $90.00 at the time of writing.
Fxstreet
3 hours ago
