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Oil settles at highest in over a year for second straight day as Iran crisis escalates, snarls Hormuz flows
Brent settles at its highest since January 2025US working on plans to secure the Strait of Hormuz US crude stocks rise by 3.5 million barrels, EIA saysBy Arathy Somasekhar HOUSTON, March 4 (Reuters) - Oil prices settled unchanged on Wednesday at the end of a volatile trading session, as escal...Reuters
3 minutes ago
Russia may halt gas supplies to Europe amid Iran energy spike, Putin says
Putin warns of potential halt to European gas supplies amid Iran crisisPutin says the decision has not been taken, is just a thought Putin says EU wants to ban Russian gas and LNGRussia shifts focus to China as Europe reduces dependency on Russian energyBy Guy Faulconbridge, Marina Bobrova and Vladi...Reuters
16 minutes ago
US natural gas futures fall over 4% as market stabilizes following prior gains
March 4 (Reuters) - U.S. natural gas futures fell more than 4% on Wednesday as the market stabilized after hitting an over one-week high in the previous session, while investors assessed Middle East supply risks amid the U.S.-Israeli war on Iran.Front-month gas futures NGc1 for April delivery on the...Reuters
24 minutes ago
US Interior Secretary meets with Rodriguez, mining companies in Venezuela visit
Burgum discusses supply chains for critical minerals in VenezuelaVenezuela plans mining law reform to attract foreign investmentWhite House pressures Caracas to accede to its wishes March 4 (Reuters) - U.S. Interior Secretary Doug Burgum met with Venezuelan acting President Delcy Rodriguez on Wed...Reuters
43 minutes ago
Gulf shipping crisis deepens as tankers stranded for fifth day, US sinks Iranian warship
US strike hit an Iranian warship off Sri Lanka,Trump pledges to provide insurance and navy escorts Traffic still stuck, production cuts widenTrump's measure will not help amid ongoing attacks, experts sayBy Jonathan Saul, Anna Hirtenstein and Yousef Saba March 4 (Reuters) - The U.S.–Iran war ...Reuters
an hour ago
Reuters Gulf Currents-Iran war tests Gulf fundamentals
Andrew Mills, deputy bureau chief, Gulf It’s hard to grasp how abruptly life in the Gulf has been upended in just five days of war. Members of the Reuters Gulf team, like so many of our neighbours in the region, have huddled in stairwells and windowless bathrooms, listening to volleys of...Reuters
an hour ago
London marine insurers still offering Middle East cover as war risk rates rise, Gallagher says
Gallagher says marine insurance available amid Gulf conflictWar risk premiums rise as maritime insurance comes into focusU.S.-Israeli conflict with Iran enters fifth dayBy Noor Zainab Hussain and Manya Saini March 4 (Reuters) - Marine insurers in the London market continue to offer cover in the M...Reuters
an hour ago
Pentagon sought fresh supply of 13 critical minerals day before Iran attack
By Ernest Scheyder March 4 (Reuters) - The U.S. military asked mining companies on Friday to help boost domestic supplies of 13 critical minerals used to make semiconductors, weapons and other products, a document reviewed by Reuters showed.The request, the day before the U.S. and Israel launched...Reuters
an hour ago
US working on plan to secure Strait of Hormuz, White House says
WASHINGTON, March 4 (Reuters) - The Pentagon and the U.S. Energy Department are working on plans to secure the Strait of Hormuz to ensure safety for oil tankers amid the war on Iran, White House spokeswoman Karoline Leavitt said on Wednesday, declining to offer details on timing.Reuters
an hour ago
Iraq suffers power grid blackout due to technical fault
CAIRO, March 4 (Reuters) - Iraq's electricity ministry said on Wednesday that all provinces were experiencing a power blackout, which the government attributed to a technical fault.Many Iraqis for years have relied on privately operated generators for power as government-provided electricity was...Reuters
2 hours ago
MSC announces emergency fuel surcharge on some trade routes
March 4 (Reuters) - MSC said on Wednesday it was imposing an emergency fuel surcharge on some trade routes, effective March 16.The surcharge will be effective on trade routes between Europe and southern Africa, and the North West Continent/Canary Islands route, the world's largest carrier of oce...Reuters
2 hours ago
Trump administration gets no bids at Alaska Cook Inlet oil and gas auction
March 4 (Reuters) - A division of the U.S. Department of the Interior said on Wednesday that it had received no bids at its sale of oil and gas drilling rights in Alaska's Cook Inlet."At this time, no bids have been received," the U.S. Bureau of Ocean Energy Management said in a post on ...Reuters
2 hours ago
DOJ Probes US Fertilizer Market For Possible Price Fixing - Bloomberg News
March 4 (Reuters) - DOJ PROBES US FERTILIZER MARKET FOR POSSIBLE PRICE FIXING - BLOOMBERG NEWSCOMPANIES UNDER DOJ SCRUTINY INCLUDE NUTRIEN LTD, MOSAIC CO, CF INDUSTRIES HOLDINGS INC, KOCH INC, NORWAY’S YARA INTERNATIONAL- BLOOMBERG NEWSSource text: https://tinyurl.com/24bjb8s2Further company cover...Reuters
2 hours ago
US diesel hits $4 per gallon mark as Middle East conflict drags on
By Nicole JaoNEW YORK, March 4 (Reuters) - Average U.S. diesel prices surpassed $4 a gallon for the first time in nearly two years on Wednesday as the U.S.-Israel war with Iran dragged on.The conflict in the Middle East has disrupted global oil supply and paralyzed shipping through the Strait of Hor...Reuters
2 hours ago
Blackout hits most of Cuba amid US oil chokehold
March 4 (Reuters) - A power outage struck most of Cuba, including the capital of Havana, the country's national electricity union UNE said on Wednesday, as the island's communist-run government faces increasing pressure from the Trump administration. Cuba has experienced a series of major b...Reuters
2 hours ago
POLL-US natural gas stockpiles likely fell by 121 billion cubic feet last week
March 4 (Reuters) - U.S. energy firms likely pulled an above-normal 121 billion cubic feet of natural gas from storage last week, according to the average estimate in a Reuters poll released on Wednesday. That figure compares with an injection of 30 bcf during the same week a year ago and a five-yea...Reuters
2 hours ago
PRECIOUS-Gold rises as Middle East conflict escalates, dollar rally pauses
US sub sinks Iranian warship off Sri LankaUS private payrolls increase in February, ADP saysVolatility in precious metals market likely to continue, analyst says By Ashitha Shivaprasad March 4 (Reuters) - Gold prices rose on Wednesday as the escalating conflict in the Middle East attracted safe‑h...Reuters
2 hours ago
WTI trims gains after rally to one-year high as traders assess US-Iran conflict
West Texas Intermediate (WTI) Crude Oil trims part of its intraday gains on Wednesday as traders assess geopolitical developments surrounding the US-Iran conflict. At the time of writing, WTI trades near $74.32 after briefly reaching a one-year high of $77.20 on Tuesday.
Fxstreet
2 hours ago
US Cash Grains-Corn, soy basis bids hold steady as futures slump
CHICAGO, March 4 (Reuters) - Basis bids remained largely unchanged for corn and soybeans across the U.S. Midwest on Wednesday as futures prices sagged, dealers said. Farmer sales of corn slowed a bit as prices pulled back, a broker said.Chicago Board of Trade May corn CK26 futures were down 3-1/2 ce...Reuters
2 hours ago
