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RPT-ANALYSIS-Gulf warnings and fears of miscalculation preceded Trump’s pause in Iran showdown
Gulf states told US that strikes on Iran’s grids would spark retaliation Iran refused to reopen Hormuz, sent oil higher, markets tumbling Iran warned Gulf of harsh reprisal if its power grids were hit Regional officials worry Trump misjudged Iranian resilienceBy Samia Nakhoul DUBAI, March 24 (Re...Reuters
12 minutes ago
Rosatom says situation at Iran's Bushehr nuclear plant unfolding under worst-case scenario
MOSCOW, March 25 (Reuters) - The situation at Iran's Bushehr nuclear power plant continues to develop along a worst-case scenario, the head of Russia's state nuclear corporation Rosatom, Alexei Likhachev, said on Wednesday.The International Atomic Energy Agency on Tuesday said it had been in...Reuters
13 minutes ago
Hungary to stop gas flows to Ukraine until Druzhba restarts, Orban says
BUDAPEST, March 25 (Reuters) - Hungary will stop gas flows to Ukraine until oil flows on the Druzhba pipeline resume, Prime Minister Viktor Orban said on Wednesday."We are gradually halting gas deliveries from Hungary to Ukraine, and will store the gas that remains with us in Hungary," Orban...Reuters
33 minutes ago
Sony Honda Mobility cancels EV development, to refund early buyers
TOKYO, March 25 (Reuters) - Sony Honda Mobility, the joint venture between Japanese electronics giant Sony 6758.T and carmaker Honda 7267.T, said on Wednesday it would discontinue the development of the Afeela electric vehicles.Given Honda's overhaul of its EV business announced earlier this mon...Reuters
34 minutes ago
BlackRock CEO Fink warns of 'global recession' if oil goes to $150, BBC reports
March 25 (Reuters) - BlackRock BLK.N CEO Larry Fink said oil prices could reach $150 a barrel and cause a "global recession" if Iran "remains a threat" even after the war ends. "If there is a cessation of war, and yet Iran remains a threat, a threat to trade, a threat to the ...Reuters
52 minutes ago
Turkey's Middle East oil dependence manageable at 10% of supply amid Iran war
ISTANBUL, March 25 (Reuters) - Turkey's dependence on Middle East oil is at a minimum and "manageable" level of 10% of overall supplies and there are no supply problems at the moment despite the Iran war, Energy Minister Alparslan Bayraktar said on Wednesday.Speaking on a state-run Anado...Reuters
53 minutes ago
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
March 25 (Reuters) - A surge in jet fuel prices, driven by the U.S.-Israeli war on Iran, has upended the global aviation industry, prompting airlines to raise fares and revise financial outlooks.Jet fuel prices have soared from $85-$90 per barrel to $150-$200 per barrel in recent days for an indust...Reuters
58 minutes ago
Japan PM Takaichi asks IEA chief for further oil stockpile release
By Katya Golubkova and Irene Wang TOKYO, March 25 (Reuters) - Japanese Prime Minister Sanae Takaichi asked International Energy Agency chief Fatih Birol for an additional coordinated release of oil stockpiles when they met on Wednesday, as Tokyo seeks to hedge against a prolonged Middle East conf...Reuters
an hour ago
UN rights chief urges states to end extremely dangerous Iran conflict
GENEVA, March 25 (Reuters) - The United Nations' top rights official on Wednesday urged states to end the Iran conflict, describing the situation in the Middle East as extremely dangerous and unpredictable."This conflict has an unprecedented power to ensnare countries across borders and arou...Reuters
an hour ago
Valero prepares restart of Port Arthur, Texas oil refinery after blast, sources say
By Erwin Seba HOUSTON, March 25 (Reuters) - Valero Energy Corp VLO.M is preparing to restart its 380,000 barrel-per-day (bpd) Port Arthur, Texas, oil refinery this week after shutting the plant on Tuesday following an explosion and fire the previous day, two people familiar with operations said. ...Reuters
an hour ago
Kazakhstan bans animal feed wheat imports from Russia after cattle disease outbreak
ALMATY, March 25 (Reuters) - Kazakhstan banned imports of animal feed wheat from Russia after an outbreak of cattle diseases in several Russian regions bordering Kazakhstan led to mass culling of livestock, a document issued by the State Inspection Committee showed.Russian authorities identified the...Reuters
2 hours ago
PRECIOUS-Gold climbs as oil price drop eases inflation, high rate concerns
Iran's military rejects Trump's talk of negotiationOil prices drop, dollar easesGold rebounds after touching 4-month low on MondayBy Noel John March 25 (Reuters) - Gold extended gains on Wednesday, buoyed by a softer dollar and as a drop in oil prices eased concerns about inflation pressu...Reuters
2 hours ago
Myanmar's rice farmers scrounge for diesel as Iran conflict dries up supply
Myanmar grapples with rising oil pricesFarmers turn to black market as diesel gets scarceLong queues for rationed fuel, airlines suspend routesFarm output costs could double if instability persists, WFP says March 26 (Reuters) - Win Zaw is among five of a Myanmar family who fan out on motorcycles...Reuters
2 hours ago
Turkey says its Mideast oil dependence manageable at 10% amid war
ISTANBUL, March 25 (Reuters) - Turkey's dependence on Middle East oil is at a "manageable" level of 10% of overall supplies and there are no supply problems at the moment despite the Iran war, Energy Minister Alparslan Bayraktar said on Wednesday.Speaking on a state-run Anadolu Agency pr...Reuters
2 hours ago
Oil falls on prospect of Middle East ceasefire easing supply disruption
Trump cites progress with Iran, US proposes plan to end war Iran tells UN 'non-hostile' ships can transit Strait of HormuzSaudi hikes Yanbu exports to work around Hormuz halt, data showsBy Yuka Obayashi and Trixie Yap March 25 (Reuters) - Oil prices sank about 4% on Wednesday after report...Reuters
2 hours ago
Silver Price Forecast: XAG/USD extends recovery above $74 amid optimism on Mideast ceasefire
Silver price (XAG/USD) extends its winning streak for the third trading day on Wednesday, trading over 2% around $73.00 during the European session. The white metal strengthens amid increased efforts from United States (US) President Donald Trump to end the war in the Middle East.Fxstreet
2 hours ago
COSCO SHIPPING resumes new container bookings for Mideast shipments
BEIJING, March 25 (Reuters) - Shanghai-based COSCO SHIPPING Lines, operator of one of the world's biggest fleets, said in a note to clients on Wednesday that it had resumed new bookings for general cargo containers for shipments to the United Arab Emirates, Saudi Arabia, Bahrain, Qatar, Kuwait a...Reuters
2 hours ago
Russian attacks knock out power for thousands in Ukraine's north
March 25 (Reuters) - Russian attacks damaged two energy facilities in Ukraine's northern Chernihiv region, leaving close to 212,000 consumers without power, a regional electricity distribution company said on Wednesday. Chernihivoblenergo said nearly 150,000 consumers in the city of Chernihiv...Reuters
2 hours ago
