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Oil rises as expanding US-Israel war with Iran heightens supply risks
SINGAPORE, March 3 (Reuters) - Brent rose more than $3 on Tuesday for a third day of gains as the widening U.S.-Israeli conflict with Iran and threats to shipping via the Strait of Hormuz heightened fears of supply disruptions from the key Middle East producing region.Reuters
a minute ago
French Economy Minister: gas and gasoline supply not at risk in France
PARIS, March 3 (Reuters) - French Economy Minister Roland Lescure said on Tuesday the supply of natural gas and gasoline is not at risk in France in the short term."Let's not create a problem that does not exist, there is no reason to rush to gas stations," he told reporters.Reuters
7 minutes ago
France ready to defend partners, Foreign Minister says
PARIS, March 3 (Reuters) - France is ready to defend its partners if they request help after Iranian retaliatory strikes and ireserves its right to intervene, Foreign Minister Jean-Noel Barrot said on Tuesday."This war... is dragging a number of countries in the region into the conflict with whi...Reuters
10 minutes ago
Drone hits fuel tank at Oman's Duqm port
March 3 (Reuters) - A fuel tank at Oman’s Duqm commercial port was hit on Tuesday when the facility came under attack from several unmanned aircraft, the state news agency said, citing a security source, on the fourth day of U.S.-Israeli strikes on Iran, which has responded by targeting neighbouring...Reuters
21 minutes ago
China urges resumption of talks on Iran nuclear issue
BEIJING, March 3 (Reuters) - China respects Iran's "legitimate right to the peaceful use of nuclear energy," a foreign ministry spokesperson said on Tuesday, while urging a stop to U.S. military actions in favour of returning to talks and negotiations.U.S. strikes on Iran "during ong...Reuters
35 minutes ago
Miner Fresnillo posts annual profit surge, sets record dividend
March 3 (Reuters) - Mexican precious metals miner Fresnillo FRES.L reported a nearly 81% jump in annual profit on Tuesday, driven by higher precious metals prices, and proposed a record dividend.The company's final dividend lifted total 2025 payouts to $950 million, or 128.92 cents per share, ab...Reuters
47 minutes ago
China vows to ensure energy security following US military actions
BEIJING, March 3 (Reuters) - China will take necessary measures to ensure its own energy security, a spokesperson for China's foreign ministry said on Tuesday, when asked about the potential impact of U.S. military actions in Venezuela and Iran on China's oil supply. "Energy security is ...Reuters
55 minutes ago
Ukraine's fuel adds 5%, further growth is unlikely, analyst says
KYIV, March 3 (Reuters) - Fuel prices in Ukraine, which is dependent on imports, have risen by about 5% over the past two days on news of problems with oil supplies from the Gulf, but are unlikely to continue rising, a top analyst at A-95 consultancy said on Tuesday.The strait is the world's mos...Reuters
an hour ago
Miner Fresnillo's annual profit climbs on higher precious metal prices
March 3 (Reuters) - Mexican precious metals miner Fresnillo FRES.L reported an 80.7% jump in annual profit, driven by higher precious metals prices. The company reported earnings before interest, tax, depreciation, and amortization at $2.80 billion for the 12 months to December 31, 2025, compared wi...Reuters
an hour ago
TECHNICALS-CBOT corn may retrace to $4.42-3/4
SINGAPORE, March 3 (Reuters) - CBOT corn CK26 may retrace toward $4.42-3/4 per bushel, to complete a correction triggered by a strong barrier at $4.51-1/2.The correction is supposed to extend to the lower channel line around $4.42. The bottom of a wave b around $4.37 serves as the lower target once ...Reuters
an hour ago
Mexico's Fresnillo 2025 revenue beats on higher precious metal prices
OverviewMexico mining firm's adjusted revenue for 2025 beat analyst expectationsEBITDA for 2025 beat analyst estimatesCompany completed acquisition of Probe Gold, expanding resource baseOutlookFresnillo expects 2026 silver production between 42.0 and 46.5 million ouncesGold production for 2026 i...Reuters
an hour ago
PRECIOUS-Gold retreats as firmer dollar offsets geopolitical safe-haven support
Dollar hovers near over five-week highIran threatens to attack ships crossing the Strait of HormuzSilver, platinum down more than 3%By Ishaan Arora and Noel John March 3 (Reuters) - Gold prices eased on Tuesday, pulled back by a stronger dollar, while investors assessed the impact of an escalatin...Reuters
an hour ago
RPT-ANALYSIS-US struggling to de-risk Congo's 'war zone minerals' even after pact, sources say
Challenges persist over politics, permits, sources sayUS pressured to act on M23 for deals to progress, US diplomat saysChinese firms face lighter compliance burden, analysts sayBy Maxwell Akalaare Adombila and Ange Kasongo DAKAR/KINSHASA, March 2 (Reuters) - The U.S. has made progress in its pus...Reuters
2 hours ago
ROI-Dollar gets its mojo back - but only by default: Mike Dolan
By Mike Dolan LONDON, March 3 (Reuters) - While it's tempting to assume the dollar's long-lost "safety" bid has returned since the weekend Iran attacks, it's not as clear-cut as it seems and owes more to relative energy plays. Yet the implications of the market response may b...Reuters
2 hours ago
Euro zone inflation could surge on lengthy Iran war, ECB's chief economist warns
March 3 (Reuters) - A prolonged war in the Middle East could cause a substantial spike in euro zone inflation and reduce economic growth, European Central Bank Chief Economist Philip Lane told the Financial Times in an interview published on Tuesday.Reuters
3 hours ago
BlackRock-backed group seeks to close CK Hutchison ports deal without Panama assets, FT reports
March 3 (Reuters) - A BlackRock-backed consortium is pushing to complete its acquisition of CK Hutchison's 0001.HK global ports business without two terminals in Panama, after authorities seized the assets, Financial Times reported on Tuesday.Swiss-Italian shipping firm Mediterranean Shipping Co...Reuters
3 hours ago
Goldman Sachs raises gas price forecasts on Qatar LNG disruption
March 3 (Reuters) - Goldman Sachs raised its TTF gas price forecast for the second quarter of this year to 45 euros per Megawatt-hour (MWh) from 36 euros per MWh previously, it said in a note dated on Monday.The bank, citing disruptions to Qatar's liquefied natural gas (LNG) production, also rai...Reuters
3 hours ago
Lengthy Iran war could cause inflation spike, ECB's Lane tells FT
March 3 (Reuters) - A prolonged war in the Middle East and a persistent fall in oil and gas supplies from the region could cause a substantial spike in inflation and a sharp drop in output in the euro zone, ECB Chief Economist Philip Lane told the Financial Times in an interview published on Tuesday...Reuters
3 hours ago
ROI-China imports the most energy, but is best placed on Iran: Russell
By Clyde Russell LAUNCESTON, Australia, March 3 (Reuters) - China is the world's largest energy importer and would therefore appear vulnerable to the surge in crude oil and natural gas prices from the conflict between Israel and the United States against Iran.But the opposite is most likely t...Reuters
3 hours ago
BlackRock-backed group seeks to close CK Hutchison ports deal without Panama assets, FT reports
March 3 (Reuters) - A BlackRock-backed consortium is pushing to complete its acquisition of CK Hutchison's 0001.HK global ports business without two terminals in Panama after authorities seized the assets, the Financial Times reported on Tuesday, citing people familiar with the talks.Reuters cou...Reuters
3 hours ago
