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Standard Chartered raises 2026 Brent forecasts following Middle East turmoil
March 3 (Reuters) - Standard Chartered hiked its 2026 Brent forecasts and sees asymmetric upside risk to its projections if the Middle East conflict escalates further and impairs production from Iran or other regional producers.The bank raised its first-quarter 2026 Brent forecast to $74 per barrel ...Reuters
21 minutes ago
Trump says US will cut all trade with Spain
WASHINGTON, March 3 (Reuters) - U.S. President Donald Trump on Tuesday said the United States would cut off all trade with Spain after the European country refused to let the U.S. military use its bases for missions linked to strikes on Iran."Spain has been terrible," Trump told reporters du...Reuters
30 minutes ago
No easy way out for tens of thousands looking to leave Gulf amid Iran conflict
War in the Middle East rages from Beirut to TehranEvacuations in the Gulf organized by several governmentsAirspace closures across Gulf limit options to leave regionOman and Saudi Arabia offer alternative travel routesBy Federico Maccioni, Lucy Craymer and Rachna Uppal DUBAI, March 3 (Reuters) - ...Reuters
34 minutes ago
US considering oil tanker insurance support to ease Middle East crude shipments, sources say
By Jarrett Renshaw and Timothy Gardner WASHINGTON, March 3 (Reuters) - President Donald Trump will review a set of policy options on Tuesday aimed at controlling energy prices during the escalating Middle East conflict, including a proposal for the U.S. government to help oil tankers in the r...Reuters
47 minutes ago
Oman urges ceasefire in Iran conflict, says diplomatic 'off-ramps' available
CAIRO, March 3 (Reuters) - Oman's foreign minister reaffirmed on Tuesday his country's call for an immediate ceasefire in the conflict between Iran and the U.s. and Israel and a return to responsible regional diplomacy."There are off-ramps available, let’s use them," Badr Albusaidi s...Reuters
52 minutes ago
Exxon to send team to Venezuela in a few weeks, executive says
By Sheila Dang and Tanay DhumalHOUSTON, March 3 (Reuters) - Exxon Mobil XOM.N aims to send a technical team to Venezuela in a few weeks after working through logistical and security arrangements, an executive said on Tuesday. The U.S. oil major will work with the Venezuelan government and if the rig...Reuters
57 minutes ago
Standard Chartered raises 2026 Brent forecasts, sees asymmetric upside risk if conflict escalates
March 3 (Reuters) - Standard Chartered sees asymmetric upside risk to its forecasts if the Middle East conflict escalates further and impairs production from Iran or other regional producers.The bank raised its first-quarter 2026 Brent forecast to $74 per barrel from $62, its second-quarter forecast...Reuters
an hour ago
GRAINS-Wheat dips on rising dollar; soybeans choppy amid Iran conflict
Wheat lower on higher dollarSoybeans seesaw as Iran conflict adds volatilityCorn chopped up and down in technical tradeBy Heather Schlitz CHICAGO, March 3 (Reuters) - Chicago Board of Trade wheat futures ticked lower on Tuesday, under pressure from a higher dollar and the end of a short-covering ...Reuters
an hour ago
PRECIOUS-Gold retreats on strong dollar, tempered rate-cut bets
Iran war enters fourth dayHigher energy prices amid MidEast tensions fuel inflation woesSilver slips nearly 7%, platinum down over 9% By Ashitha Shivaprasad March 3 (Reuters) - Gold prices drifted lower on Tuesday, weighed by a stronger dollar and dimming prospects for rate cuts as inflation conc...Reuters
an hour ago
US Cash Grains-Corn and soybean basis bids stay mostly flat
CHICAGO, March 3 (Reuters) - Basis bids for corn and soybeans were mostly flat on Tuesday at grain elevators and processing facilities across the U.S. Midwest, dealers said. The corn basis eased by 1 cent a bushel at a processor in Cedar Rapids, Iowa.The soy basis rose by 3 cents a bushel at a river...Reuters
an hour ago
Exxon to send team to Venezuela in a few weeks, executive says
HOUSTON, March 3 (Reuters) - Exxon Mobil XOM.N aims to send a technical team to Venezuela in a few weeks after working through logistical and security arrangements, an executive said on Tuesday. The U.S. oil major will work with the Venezuelan government and if the right investment terms are in plac...Reuters
2 hours ago
US considering oil tanker insurance support to ease Middle East crude shipments, sources say
WASHINGTON, March 3 (Reuters) - U.S. President Donald Trump will review policy options on Tuesday aimed at controlling energy prices following recent attacks linked to Iran, including a proposal to help oil tankers transiting conflict zones to obtain insurance, according to two sources familiar with...Reuters
2 hours ago
Oil prices soar 8% to highest since 2024 as Middle East conflict widens
Brent and WTI benchmarks gain more than $6 a barrelVessels avoid Strait of Hormuz as insurance cancel coverage, rates soarCrude prices to remain elevated over coming days, say analysts By Siddharth Cavale and Scott DiSavino NEW YORK, March 3 (Reuters) - Oil prices soared about 8% to their hig...Reuters
2 hours ago
EU pushes barely available green steel as auto emissions fix
Low-carbon steel part of 2035 EU automotive targetsGreen steel projects face delays due to costly green hydrogenAuto industry criticises EU plan for reliance on external developmentsBy Marie Mannes, Greta Rosen Fondahn and Nick Carey STOCKHOLM/LONDON, March 3 (Reuters) - Buying expensive steel ma...Reuters
2 hours ago
FACTBOX-US-Israeli war on Iran causes major oil, gas disruptions
March 3 (Reuters) - The U.S.-Israel war on Iran has disrupted oil and natural gas exports from the Middle East and forced production stoppages from Qatar to Iraq.Below are the main energy disruptions so far. PRODUCTION SHUTDOWNSOPEC's second-largest producer, Iraq, slashes output: Iraq has c...Reuters
2 hours ago
EU pushes barely available green steel as auto emissions fix
Low-carbon steel part of 2035 EU automotive targetsGreen steel projects face delays due to costly green hydrogenAuto industry criticises EU plan for reliance on external developmentsBy Marie Mannes, Greta Rosen Fondahn and Nick Carey STOCKHOLM/LONDON, March 3 (Reuters) - Buying expensive steel ma...Reuters
2 hours ago
No radioactive leakage recorded at Iran's nuclear site hit in US-Israeli strikes, Iranian media reports
CAIRO, March 3 (Reuters) - No radioactive leakage has been recorded at the Natanz nuclear facility after U.S. and Israeli strikes, Iranian media reported on Tuesday.Iran's ambassador to the U.N. nuclear watchdog said on Monday that the facility had been struck during military operations by the U...Reuters
2 hours 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 unclear OSLO/LONDON, March 3 (Reuters) - The impact of the U.S.-Israeli attacks on Iran on the aluminium sector deepened on Tuesday after QatarEnerg...Reuters
2 hours ago
