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US gasoline prices to rise after attack on Iran, analysts warn
By Shariq Khan and Jarrett Renshaw NEW YORK, March 1 (Reuters) - U.S. average retail gasoline prices are set to break above $3 a gallon on Monday for the first time in more than three months as the conflict between the United States and major oil producer Iran interrupts global oil flows, analyst...Reuters
47 minutes ago
Crowds worldwide rage or celebrate after Iran strikes; 23 killed in Pakistan
Protests erupt in Karachi and Baghdad after Khamenei's deathAt least 23 dead in PakistanConsulate's guards opened fire, says local government official Protesters torch U.N. office in Pakistani cityCelebrations in cities with large Iranian exile communitiesBy Ariba Shahid and Mushtaq Ali ...Reuters
2 hours 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
2 hours ago
Three tankers damaged in Gulf and one seafarer killed 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 and one...Reuters
4 hours ago
Shipping companies divert vessels around Cape of Good Hope after strikes on Iran
Maersk, Hapag-Lloyd suspend transit through Strait of HormuzMaersk had last month begun gradual return through Suez CanalMediterranean Shipping Company suspends cargo bookings to regionMSC, CMA CGM instruct vessels in and around Gulf to seek shelterBy Louise Rasmussen and Kanjyik Ghosh March 1 (R...Reuters
5 hours ago
Hapag-Lloyd introduces war risk surcharge for Gulf cargo due to Middle East disruption
BERLIN, March 1 (Reuters) - German shipping group Hapag-Lloyd is introducing a war risk surcharge for cargo to and from the Upper Gulf, Arabian Gulf and Persian Gulf from March 2 until further notice due to the dynamic situation around the Strait of Hormuz and disruption.The charge will be $1,500 p...Reuters
5 hours ago
Hapag-Lloyd: IMX service rerouted via Cape of Good Hope
BERLIN, March 1 (Reuters) - German shipping group Hapag-Lloyd is rerouting its IMX container shipping service that connects India and the Middle East with the Mediterranean via the Cape of Good Hope due to the security situation, it said on Sunday."Due to the deteriorating security situation in ...Reuters
6 hours ago
Crew member killed after projectile hits MKD VYOM tanker off Oman, manager says
LONDON, March 1 (Reuters) - A projectile hit the Marshall Islands–flagged product tanker MKD VYOM killing a crew member on board as the vessel sailed off the coast of Oman, manager V.Ships said on Sunday."The vessel suffered an explosion and subsequent fire after being struck by a suspected proj...Reuters
6 hours ago
Crew member killed after projectile hits MKD VYOM tanker off Oman, manager says
LONDON, March 1 (Reuters) - A projectile hit the Marshall Islands–flagged product tanker MKD VYOM killing a crew member on board as the vessel sailed off the coast of Oman, manager V.Ships said on Sunday.Reuters
6 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
6 hours ago
Germany's Merz shares US aim to end Iran nuclear armament
BERLIN, March 1 (Reuters) - Germany's government agrees with the U.S. in wanting to see an end to Iran's nuclear and ballistic armament, Chancellor Friedrich Merz said on Sunday, adding, however, that this entailed risks."We share the U.S.’ interest in seeing an end to this regime’s terr...Reuters
6 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 LCOc1 jumped 10...Reuters
7 hours ago
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 hours 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
8 hours 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
8 hours 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
8 hours 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
8 hours 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
8 hours 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
8 hours 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
9 hours ago
