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OPEC+ agrees modest oil output boost even as US war on Iran disrupts shipments
OPEC+ agrees to raise output by 206,000 bpdUS attacks on Iran kill Khamenei, Gulf oil flows disruptedSaudi Arabia and UAE have already raised exports, sources sayOPEC has little spare production capacity, analysts sayHormuz needs to reopen for oil to reach markets, analysts sayBy Olesya Astakhova, A...Reuters
8 minutes ago
WRAPUP 9-Israel says warplanes hit Tehran again after killing Khamenei, leadership council takes over
Israel and Iran each launch fresh strikesMore blasts heard in Dubai and DohaAir raid sirens sound in IsraelProtests in PakistanIsrael says its air force killed KhameneiLeadership council takes over duties of the Supreme LeaderBy Rami Ayyub, Alexander Cornwell, Nayera Abdallah and Maha El Dahan JE...Reuters
8 minutes ago
Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say
Brent jumps to $80 a barrel in over-the-counter tradeGulf oil flows disrupted after US and Israeli attacks on IranOPEC+ agrees to raise output by 206,000 bpdSaudi Arabia and UAE raise exports, sources sayBy Seher Dareen and Dmitry Zhdannikov LONDON, March 1 (Reuters) - Brent crude LCOc1 jumped 10...Reuters
12 minutes ago
Russia warns of oil choke due to closure of Strait of Hormuz
MOSCOW, March 1 (Reuters) - Russia's foreign ministry said on Sunday that the closure of the Strait of Hormuz to shipping could lead to significant disbalances on the global oil and gas markets.Trading sources said on Saturday that several tanker owners, oil majors and trading houses have suspen...Reuters
14 minutes ago
Three tankers damaged in Gulf as US-Iran conflict escalates
Hundreds of ships drop anchor owing to growing risksWar risk insurance rates expected to surge Iran says it has halted navigation through Strait of Hormuz By Yousef Saba, Jaidaa Taha and Jonathan Saul DUBAI/LONDON, March 1 (Reuters) - At least three tankers were damaged off the Gulf coast after U...Reuters
14 minutes ago
REFILE-Missile debris, panic buying jolt Dubai's aura of calm after Iran attack
Residents experience shock and disbelief amid attacksMixed reactions among residents on Dubai's securityPanic buying and quiet streets reflect uneaseOne tourist describes fallout as 'very grounding'By Raghed Waked, Amr Alfiky, Timour Azhari and Rula Rouhana DUBAI, March 1 (Reuters) - ...Reuters
21 minutes ago
Russia warns of oil choke due to closure of Strait of Hormuz
MOSCOW, March 1 (Reuters) - Russia's foreign ministry said on Sunday that the closure of the Strait of Hormuz to shipping could lead to significant disbalances on the global oil and gas markets.It also said that the news of the killing of Ayatollah Ali Khamenei, members of his family and some hi...Reuters
31 minutes ago
Maersk pauses sailings through Suez Canal, Bab el-Mandeb Strait, citing escalating conflict
March 1 (Reuters) - Denmark's Maersk MAERSKb.CO said on Sunday it will pause sailings through the Bab el-Mandeb Strait and the Suez Canal and reroute ships around the Cape of Good Hope, after U.S. and Israeli strikes on Iran plunged the region into turmoil."Due to the deteriorating security ...Reuters
31 minutes ago
Gulf businesses reel as Iran strikes trigger regional shutdowns
Gulf markets tumble as trading halts and volatility surgesRamadan networking events cancelled or postponedAirport and port shutdowns hit tourism and transit operationsBy Hadeel Al Sayegh, Federico Maccioni, Rachna Uppal and Ateeq Shariff DUBAI, March 1 (Reuters) - Iran's retaliatory strikes a...Reuters
37 minutes ago
Iran's Revolutionary Guard says it targeted US aircraft carrier, state media says
DUBAI, March 1 (Reuters) - The U.S. aircraft carrier USS Abraham Lincoln was targeted with four ballistic missiles on Sunday, Iran's Islamic Revolutionary Guard Corp said in a statement reported by state media.The USS Lincoln is one of two aircraft carriers deployed to the region in recent weeks...Reuters
45 minutes ago
Dubai gold flows curbed as flights halted due to US-Israeli strikes on Iran
Dubai gold hub affected by flight cancellations due to strikes on IranImpact on global supply depends on length of hostilities, sources say LONDON, March 1 (Reuters) - Physical gold flows to and from Dubai's bullion trading hub will be severely curbed in coming days as airlines cancel flights...Reuters
53 minutes ago
Maersk to reroute Middle Eastern shipping around Africa
March 1 (Reuters) - Danish shipper Maersk MAERSKb.CO plans to reroute its ships on the Middle East-India to Mediterranean and Middle East-India to East Coast U.S. routes around the Cape of Good Hope, it said in a statement on Sunday, citing the situation in the Middle East.The shipping giant would p...Reuters
an hour ago
Vessel struck by unknown projectile northwest of UAE's Mina Saqr, maritime security agency reports
CAIRO, March 1 (Reuters) - A vessel has been struck by an unknown projectile 17 nautical miles northwest of the United Arab Emirates' Mina Saqr in the emirate of Ras Al Khaimah, the United Kingdom Maritime Trade Operations agency said on Sunday.The projectile caused fire that has been extinguish...Reuters
2 hours ago
German foreign minister says Iran must renounce nuclear armament
BERLIN, March 1 (Reuters) - Iran must understand that it has to give up nuclear armament if a good solution for the country is to be found, German Foreign Minister Johann Wadephul told NDR broadcaster on Sunday.Asked how things would develop in Iran, he said: "There is a common interest in findi...Reuters
2 hours ago
Hundreds of ships drop anchor in Middle East Gulf, data shows
By Jonathan Saul LONDON, March 1 (Reuters) - At least 150 tankers, including crude and LNG vessels, dropped anchor in open Gulf waters beyond the Strait of Hormuz and dozens more were stationary on the other side of the chokepoint, shipping data showed on Sunday, after U.S. and Israeli strikes on...Reuters
2 hours ago
QUOTES-Investors seek harbour in gold as US and Israel strike Iran
By Anmol Choubey and Anushree MukherjeeMarch 1 (Reuters) - The U.S. and Israeli strikes on Iran have intensified uncertainty across global markets, with investors closely watching potential safe-haven flows into bullion. Here is some reaction from investors, traders and analysts:EDWARD MEIR, ANALYST...Reuters
2 hours ago
German secret service overseer warns of Iranian retaliation in Europe
BERLIN, March 1 (Reuters) - Retaliatory measures, including by Iranian sleeper cells in Europe, cannot be ruled out after U.S. and Israeli strikes killed Supreme Leader Ayatollah Ali Khamenei, the head of Germany's parliamentary control panel for the secret services said on Sunday."The Irani...Reuters
2 hours ago
Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say
Brent jumps to $80 a barrel in over-the-counter tradeGulf oil flows disrupted after US and Israeli attacks on IranOPEC+ agrees to raise output by 206,000 bpdSaudi Arabia and UAE raise exports, sources sayBy Seher Dareen and Dmitry Zhdannikov LONDON, March 1 (Reuters) - Brent crude jumped 10% to a...Reuters
2 hours ago
Abu Dhabi complex housing embassies damaged as retaliatory strikes widen in Gulf
Retaliatory strikes target Gulf states for second dayLoud blasts over Dubai and Doha, Oman hit for first timeConflict affecting Gulf aviation and trade hubsBy Maha El Dahan and Andrew Mills DUBAI, March 1 (Reuters) - Debris from an intercepted drone damaged an Abu Dhabi complex housing the Israel...Reuters
2 hours ago
