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Sri Lanka offloads 208 crew members from second Iranian ship a day after US strike sinks frigate
Sri Lanka secures access to second shipBegins offloading 208 crew membersNo immediate details on type of shipIran wants bodies repatriated from previous sunk frigateSearches still ongoing for survivorsBy Uditha Jayasinghe GALLE, Sri Lanka, March 5 (Reuters) - Sri Lanka started to offload 208 ...Reuters
18 minutes ago
Mexico to tighten coal mining regulations after deadly accident
By Kylie MadryMarch 5 (Reuters) - Mexico is set to tighten regulations on coal mining operations, the labor ministry said on Thursday, following widespread scrutiny brought on after a 2022 mine collapse killed 10. The plan eliminates a previous system which allowed "small-scale" coal mining ...Reuters
24 minutes ago
PRECIOUS-Gold falls as rising yields, firm dollar eclipse safe‑haven demand
Bombing of Tehran intensifies as war enters day sixFed report says US economic activity rose a bit in recent weeksUS weekly jobless claims unchanged last weekFebruary US employment report due on FridayBy Anmol Choubey March 5 (Reuters) - Gold prices reversed course on Thursday, erasing earlier ga...Reuters
46 minutes ago
MSC to introduce emergency fuel surcharge on all cargo from northern Europe to Red Sea and East Africa
March 5 (Reuters) - Shipping company MSC said on Thursday it would implement an emergency fuel surcharge to all cargo from Northern Europe (including UK and Scanbaltic) to the Red Sea and East Africa, effective March 16.MSC will impose $40 per twenty-foot equivalent unit (TEU) from Northern Europe (...Reuters
49 minutes ago
Oil jumps 5% on supply concerns as Iran conflict widens
US-Israeli conflict with Iran disrupts oil supplies, shippingIraq cuts output by 1.5 million bpd due to storage, export issuesAttacks on oil tankers in Gulf, Chinese fuel export cuts push prices higherBy Georgina McCartney HOUSTON, March 5 (Reuters) - Oil prices jumped 5% on Thursday, extending a...Reuters
54 minutes ago
Argentina's wet summer week boosts corn, soy crops
BUENOS AIRES, March 5 (Reuters) - Rainfall over the last week has improved the condition of Argentine soy and corn fields, the Buenos Aires grains exchange said on Thursday, as the crops are currently undergoing a key period of high water demand during the southern hemisphere summer.Argentina is the...Reuters
an hour ago
EU wheat back above 200 euros on Mideast war worries
PARIS, March 5 (Reuters) - European wheat futures rose on Thursday to cross the psychological 200-euro mark again as the continuing U.S.-Israeli war with Iran drove fresh gains in crude oil.May milling wheat BL2K6, the most-active position on Euronext, settled 1.3% higher at 202 euros ($234.08) per ...Reuters
an hour ago
WRAPUP 6-Trump rejects Khamenei's son as Iran war intensifies with US-Israel strikes
Trump says he wants to be involved in choosing Iran's next leaderIsrael to target underground missile sites in second phase of strikesAzerbaijan latest country drawn in as war continues to expandBy Parisa Hafezi and Steve Holland DUBAI/WASHINGTON, March 5 (Reuters) - U.S. President Donald Tru...Reuters
an hour ago
Iranian bulker vessels sail from Gulf despite war, shipping data shows
By Jonathan Saul and Tom Daly LONDON, March 5 (Reuters) - Iranian dry bulk vessels are attempting to carry their cargoes through the Gulf and on to export markets for the first time since the U.S. and Israel launched attacks on Iran last weekend, ship tracking data showed on Thursday.The region&#...Reuters
an hour ago
Citgo's 2025 profit rose 48% to $452 million amid higher margins
Crude utilization rate was 92% last year, versus 93% in 2024 Liquidity fell to $2.45 billion in 2025 after gross debt reduction of $1.83 billionProfit rose to $268 million in Q4 from $146-million loss a year earlierBy Marianna ParragaHOUSTON, March 5 (Reuters) - U.S. refiner Citgo Petroleum reported...Reuters
an hour ago
Greek seafarers strike over crews stranded in the Gulf, mariners can refuse to sail
Mariners agree on repatriation and compensation termsHundreds of Greek owned or managed ships in Gulf area PIRAEUS, Greece, March 5 (Reuters) - Greek seafarers held a 24-hour strike on Thursday, halting local ferry services as they protested over crews stranded in the Gulf amid the escalating Mid...Reuters
2 hours ago
Gold tumbles below $5,100 on strong US Dollar, Treasury yields
Gold price erased the previous day's gains on Thursday, hitting a two-day low as precious metals are pressured by high US Treasury yields and a strong US Dollar, underpinned by solid US jobs data. At the time of writing, XAU/USD trades at $5,069, down more than 1.35%.
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2 hours ago
EXCLUSIVE-Indian refiners buying prompt Russian oil as Iran war hits supplies, sources say
Iran conflict has disrupted India's Middle East crude shipmentsIndia gets 40% of its crude through Strait of HormuzIndian state refiners have bought 20 million barrels of prompt Russian oil, one source saysBy Nidhi Verma and Jarrett Renshaw NEW DELHI/WASHINGTON, March 5 (Reuters) - Indian ref...Reuters
2 hours ago
Dubai's Al Khaleej sugar refinery still open for exports and imports
By Sarah El Safty and May AngelDUBAI/LONDON, March 5 (Reuters) - Dubai-based Al Khaleej Sugar, owner of the world's largest port-based sugar refinery, is operating normally and is still open for import and export, the company's managing director, Jamal Al-Ghurair, told Reuters on Thursday....Reuters
2 hours ago
Flights for US citizens stuck in Middle East ramping up, State Dept says
By Simon Lewis WASHINGTON, March 5 (Reuters) - The U.S. State Department said on Thursday it was ramping up the provision of charter flights from the Middle East after criticism over the Trump administration's planning and initial assistance to U.S. citizens trying to leave the region since t...Reuters
2 hours ago
In a few days it will be harder for Iran to disrupt shipping, Israeli envoy says
March 5 (Reuters) - Israel's ambassador to the United Nations said on Thursday that in a few days it would be much harder for Iran to disrupt vessels coming through the Strait of Hormuz and that the volume of missiles Tehran was firing was already falling.Speaking to reporters at the United Nati...Reuters
2 hours ago
EXCLUSIVE-Trump tells Reuters he backs Kurds launching Iran offensive
March 5 (Reuters) - U.S. President Donald Trump told Reuters during a telephone interview on Thursday that he backs the Kurds launching an Iran offensive."I think it's wonderful that they want to do that, I'd be all for it," Trump said. When asked if the United States would provide o...Reuters
2 hours ago
Citgo's profit rose to $452 million in 2025 amid higher margins
HOUSTON, March 5 (Reuters) - U.S. refiner Citgo Petroleum saw a 48%-increase in its net profit to $452 million last year, the company reported on Thursday, helped by improved refining margins and an annual crude processing record of 760,000 barrels per day (bpd).The seventh largest U.S. refiner, own...Reuters
2 hours ago
GRAINS-Chicago grains rise alongside crude oil with focus on Iran conflict
Wheat, corn and soybeans recoup Wednesday's small lossesFresh crude oil rally keeps focus on Iran conflictHigher dollar and ample grain supply curb price gainsBy Heather Schlitz CHICAGO, March 5 (Reuters) - Chicago grain and soybean futures lifted on Thursday, supported by higher crude oil pr...Reuters
3 hours ago
