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PRECIOUS-Gold retreats on strong dollar, delayed rate-cut expectations
Iran war enters fourth dayUS dollar hits over one-month high Platinum down over 12% By Ashitha Shivaprasad March 3 (Reuters) - Gold prices drifted lower on Tuesday, weighed down by a stronger dollar and fading prospects of an interest rate cut as inflation concerns intensified against the backdro...Reuters
7 minutes ago
London marine insurers widen high-risk zone in Mideast Gulf as conflict escalates
LONDON, March 3 (Reuters) - London's marine insurance market has widened the area in the Gulf it deems as high risk as the conflict in the Middle East escalates, according to an advisory issued on Tuesday.Guidance from the Joint War Committee, which comprises syndicate members from the Lloyd'...Reuters
13 minutes ago
ROI-Risks to Western aluminium supply rise as Iran war escalates: Andy Home
By Andy Home LONDON, March 3 (Reuters) - It is not just oil and gas that flow through the Strait of Hormuz, the Gulf's key shipping choke point now threatened by the war with Iran.The region is also a significant producer of aluminium, accounting for over 8% of global output last year, accord...Reuters
15 minutes ago
Russia halts construction work at Bushehr nuclear plant due to strikes on Iran
MOSCOW, March 3 (Reuters) - Russia's state nuclear corporation, Rosatom, has halted construction work at new units of Iran's nuclear power plant in the port city of Bushehr because of the U.S.-Israeli air assault on Iran, its chief Alexei Likhachev said on Tuesday.Likhachev had earlier warne...Reuters
24 minutes ago
WRAPUP 2-Global energy prices soar as Iran crisis disrupts shipping, oil and gas production
Hormuz shut for fourth day, five tankers hitUS gasoline prices rise above $3/gallonBessent, Wright to announce US plans to mitigate oil spikeIraq cuts oil production Saudi Aramco seeks alternative routesBy Yousef Saba and Ahmed Elimam LONDON, March 3 (Reuters) - Global oil and gas prices jumped o...Reuters
24 minutes ago
Qatar curtailment exacerbates Iran war aluminium fears
QatarEnergy says has halted production of aluminiumLME aluminium prices jump 3.8% to one-month highNorsk Hydro says implications for Qatalum smelter unclearOSLO/LONDON, March 3 (Reuters) - The impact of the U.S.-Israeli attacks on Iran on the aluminium sector deepened on Tuesday after QatarEnergy sa...Reuters
32 minutes ago
CBOT Trends-Soy up 10-12 cents, corn up 4-6 cents, wheat up 3-5 cents
CHICAGO, March 3 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Tuesday: WHEAT - Up 3 to 5 cents per bushelCBOT wheat rebounded after ending lower on Monday in a setback from a July ...Reuters
32 minutes ago
SHORT TAKE-US CFTC ships prediction markets rule proposal to Trump budget office
By Chris PrenticeNEW YORK, March 3 (Reuters) - The U.S. Commodity Futures Trading Commission has sent a rulemaking plan for prediction markets to the President's Office of Management and Budget, kicking off the process to write new rules for the controversial, but fast-growing markets.WHY IT’S I...Reuters
33 minutes ago
London marine insurers widen high risk zone in Mideast Gulf as conflict in region escalates
LONDON, March 3 (Reuters) - London's marine insurance market has widened the area in the Gulf it deems as high risk as the conflict in the Middle East escalates, according to an advisory issued on Tuesday.Guidance from the Joint War Committee (JWC), which comprises syndicate members from the Llo...Reuters
43 minutes ago
Iraq will have to cut its oil production by over 3 million bpd within days if oil tankers cannot move through Strait of Hormuz, two Iraqi officials tell Reuters
DUBAI, March 3 (Reuters) - Iraq will be forced to cut its oil production by more than 3 million barrels per day in a few days if oil tankers cannot move freely through the Strait of Hormuz and reach its loading ports, two Iraqi oil officials told Reuters on Tuesday.Iraq has as of Tuesday decreased p...Reuters
47 minutes ago
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
51 minutes ago
Greek shipping minister warns of alarming situation in Strait of Hormuz
By Renee Maltezou ATHENS, March 3 (Reuters) - Greece's shipping minister on Tuesday called for the protection of global shipping and seafarers, amid an "alarming" situation that has left dozens of ships stranded in the Strait of Hormuz and the wider area due to the widening Iran confl...Reuters
an hour ago
Fincantieri Receives From Viking Orders For Over EUR 2 Bln For Two Expedition Cruise Ships
March 3 (Reuters) - Fincantieri SpA FCT.MI:RECEIVES ORDERS FROM VIKING FOR TWO EXPEDITION CRUISE SHIPSDELIVERIES EXPECTED RESPECTIVELY IN 2030 AND 2031TWO ADDITIONAL OCEAN SHIP OPTIONS BOTH SCHEDULED FOR DELIVERY IN 2034NEW UNITS TO BE DELIVERED FROM FINCANTIERI’S PALERMO SHIPYARDCONTRACT CONSIDERED...Reuters
an hour ago
Oil prices keep climbing amid Iran conflict, with Brent hitting 19-month high
Brent and WTI benchmarks gain more than $5 a barrelVessels avoid Strait of Hormuz as freight rates soarCrude prices to remain elevated over coming days, say analysts By Shadia Nasralla LONDON, March 3 (Reuters) - Crude oil benchmarks rose about 7% on Tuesday, soaring for a third session as the U....Reuters
an hour ago
Russia's Rosatom halts operations at Bushehr nuclear plant in Iran, Ifax reports
MOSCOW, March 3 (Reuters) - Russian state nuclear corporation Rosatom has halted operations at the nuclear power plant in the Iranian city of Bushehr, its head said on Tuesday, the Interfax news agency reported.Alexei Likhachev said there were more than 600 personnel at the Bushehr plant and that th...Reuters
2 hours ago
Saudi Aramco seeks to reroute crude away from Strait of Hormuz, sources say
Aramco instructs some buyers to load at Red Sea port of YanbuEast-West pipeline capacity limited, potential target for attacks, analysts sayGlobal oil prices rise amid attacks by and on IranBy Alex Lawler, Nidhi Verma and Ahmad GhaddarLONDON/NEW DELHI, March 3 (Reuters) - Saudi oil giant Aramco 2222...Reuters
2 hours ago
Village Super Market Q2 sales rise, helped by Winter Storm Fern
OverviewSupermarket chain's Q2 fiscal 2026 sales rose 6.9%, driven by same store and digital salesNet income for Q2 fiscal 2026 increased 6% yr/yrGross profit margin decreased due to lower rebates and increased promotional spendingOutlookCompany did not provide specific guidance for future quart...Reuters
2 hours ago
Egypt can help with Saudi Arabian oil transit, petroleum minister says
CAIRO, March 3 (Reuters) - Egypt can help facilitate the transit of Saudi crude oil from Yanbu through the SUMED pipeline to the Mediterranean, Egypt’s petroleum minister Karim Badawi said on Tuesday. Saudi oil giant Aramco 2223.SE has informed some buyers of its Arab Light crude that they must ...Reuters
2 hours ago
WRAPUP 5-Iran war enters fourth day in 'smoke and blood' as markets slide
U.S. shuts embassies in Saudi Arabia and KuwaitSource says Israel planned two-week campaign but moving fasterMarkets tumble as Middle East energy is disruptedBy Parisa Hafezi and Alexander Cornwell DUBAI/TEL AVIV, March 3 (Reuters) - Explosions tore through Tehran and Beirut on Tuesday and financ...Reuters
2 hours ago
RPT-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
2 hours ago
