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PRECIOUS-Gold climbs as US-Israel strikes on Iran spark safe-haven demand
March 2 (Reuters) - Gold XAU= prices rose on Monday after the U.S. and Israel launched major strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty.Reuters
13 minutes ago
Iran conflict disrupts some Middle East oil, fuel assessments from reporting agency Platts
SINGAPORE, March 2 (Reuters) - Oil price reporting agency S&P Global Platts is suspending bids and offers for price assessments of Middle East refined products that transit the Strait of Hormuz because of shipping disruptions from the U.S.-Iran conflict, the company said in a note to subscri...Reuters
32 minutes ago
GRAINS-Chicago wheat pulls back from recent peak on improved US weather; soy, corn slip
BEIJING, March 2 (Reuters) - Chicago wheat futures eased on Monday as improving U.S. weather conditions reduced concerns over crop stress, prompting prices to retreat from a one-month high reached in the previous session.The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 dropped...Reuters
an hour ago
PRESS DIGEST-British Business - March 2
March 2 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- Private equity firm Blackstone BX.N has put 100 million pounds ($134.44 million) into OurHouse, which runs two hi...Reuters
2 hours ago
Oil prices expected to stay high for days, all eyes on Strait of Hormuz flows
March 2 (Reuters) - Analysts expect oil prices to remain elevated over the coming days with conflict escalating in the Middle East, as they assess the impact to supplies, especially flows through the Strait of Hormuz, a conduit for more than 20% of global oil.Crude futures surged more than 8% on Mon...Reuters
3 hours ago
PRECIOUS-Gold climbs as US-Israel strikes on Iran spark safe-haven demand
By Ashitha Shivaprasad and Kavya Balaraman March 2 (Reuters) - Gold XAU= prices rose on Monday after the U.S. and Israel launched major strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty. Spot gold XAU= was up...Reuters
4 hours ago
Japan has not yet decided on oil stockpile release
TOKYO, March 2 (Reuters) - Japan's government has made no decision so far on the release of crude oil stockpiles following the U.S. and Israeli attacks on Iran, an official with Japan's Ministry of Economy, Trade and Industry said on Monday.There has been no request so far for international ...Reuters
4 hours ago
U.S.-Iran Conflict Escalation Triggers Market Volatility. International Oil Prices Surge, Gold Safe-Haven Demand Rises
TradingKey - On Monday, crude oil prices in Asian markets surged as tensions in the Middle East continued to escalate following joint military strikes by the U.S. and Israel against Iran. International benchmark Brent crude jumped approximately 13% at the open, hitting an intraday high of $82 per barrel before paring some of those gains.
GRAINS-Chicago soybeans gain on rising soyoil prices; wheat slips
BEIJING, March 2 (Reuters) - Chicago soybean futures rose on Monday, tracking gains in soyoil prices after crude oil climbed amid an ongoing military conflict in the Middle East.However, a record soybean harvest in Brazil and an uncertain demand from China kept the gains in check.Wheat pulled back f...Reuters
4 hours ago
TECHNICALS-US oil to revisit June 23 high of $78.40
For more technical analyses, click SINGAPORE, March 2 (Reuters) - U.S. oil CLc1 is expected to revisit its June 23 high of $78.40 per barrel due to a major breakout on Monday.The contract has broken a long-term trendline falling from the March 2022 high of $124.23. The break signals a reversal of th...Reuters
4 hours ago
Japan's Itochu says oil, product supplies from the Gulf impacted by attacks on Iran
TOKYO, March 2 (Reuters) - Japanese trading house Itochu 8001.T has started to experience "some impact" on shipments of its crude oil and petroleum products from the Gulf as several ports there have been affected by fallout from the U.S. and Israeli attacks on Iran, it said in emailed statem...Reuters
4 hours ago
PRECIOUS-Gold climbs 2% as US-Israel strikes on Iran raise regional temperature
March 2 (Reuters) - Gold XAU= prices rose as much as 2% on Monday after the U.S. and Israel launched major strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty.Reuters
6 hours ago
PRECIOUS-Gold rises 1% as US-Israel strikes on Iran raise regional temperature
By Ashitha Shivaprasad March 2 (Reuters) - Gold XAU= prices rose more than 1% on Monday after the U.S. and Israel launched major strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty. Spot gold XAU= was up 1.35% ...Reuters
6 hours ago
ROI-OPEC+ crude output boost ignored with duration of Hormuz disruption key: Russell
LAUNCESTON, Australia, March 2 (Reuters) - The OPEC+ decision to lift crude oil output by 206,000 barrels per day (bpd) from April is probably the least consequential decision the group has made in nearly a decade of existence.Reuters
6 hours ago
PRECIOUS-Gold rises 1% as US-Israel strikes on Iran raise regional temperature
March 2 (Reuters) - Gold XAU= prices rose more than 1% on Monday, with investors picking up the metal's safe-haven properties after the U.S. and Israel launched large-scale strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei and escalating geopolitical tensions in the region.Bullion, ...Reuters
7 hours ago
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
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
10 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
11 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
12 hours ago
