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US Officials Say Iran Laid Mines in the Strait of Hormuz — WSJ
Iran intensified its efforts to halt traffic through the Strait of Hormuz, a critical oil conduit. The US military has turned down requests to escort tankers or other civilian ships through the strait, with defense officials saying it won't do so until the threat of Iranian fire has eased.
Fxstreet
an hour ago
Iran Tells World To Get Ready for Oil at $200 a Barrel as It Fires on Merchant Shi
DUBAI/TEL AVIV/WASHINGTON, March 11 (Reuters) - Iran said the world should be ready for oil at $200 a barrel as its forces hit merchant ships on Wednesday and the International Energy Agency recommended a massive release of strategic reserves to dampen one of the worst oil shocks since the 1970s.
Reuters
54 minutes ago
Gold Edges Lower on Firmer Dollar, Renewed Inflation Fears
March 12 (Reuters) - Gold prices edged lower on Thursday, pressured by a firmer dollar, while higher oil prices renewed inflation worries and dampened hopes for near-term interest rate cuts.FUNDAMENTALSSpot gold XAU= fell 0.2% to $5,165.73 per ounce as of 0103 GMT. U.S. gold futures GCcv1 for April ...
Reuters
an hour ago
Japan's JERA To Sell Australia's Gorgon And Ichthys LNG Projects To EIG-Managed MidOcean Energy
March 12 (Reuters) - Tokyo Electric Power Company Holdings Inc 9501.T:JERA: TO REFOCUS AUSTRALIAN LNG PORTFOLIO WITH TRANSFER OF SHARES IN GORGON AND ICHTHYS LNG PROJECTSJERA: EIG-MANAGED MIDOCEAN WILL ACQUIRE JERA’S INTERESTS IN GORGON AND ICHTHYS LNG PROJECTSSource text: https://www.jera.co.jp/en/...Reuters
29 minutes ago
GRAINS-Chicago soybeans continue gains on rising soyoil prices
BEIJING, March 12 (Reuters) - Chicago soybean futures rallied for a third straight session on Thursday, tracking gains in soyoil prices after crude oil recovered while investors wrestled with the disruption caused by military conflict in the Middle East. Wheat and corn also gained. FUNDAMENTALS...Reuters
42 minutes ago
Gold remains subdued as inflationary risks reduce Fed rate cut bets
Gold price (XAU/USD) extends its losses for the second successive session, trading around $5,150 during the Asian hours on Thursday. The bullion price slides as surging oil prices heightened inflationary risks and reduced the likelihood of Federal Reserve (Fed) interest rate cuts.
Fxstreet
an hour ago
Oil Climbs as Tankers Are Attacked in Iraqi Waters Amid Middle East War
BEIJING, March 12 (Reuters) - Oil prices climbed on Thursday after Iraqi security officials said Iranian explosive-laden boats had hit two fuel oil tankers amid other global supply disruptions from the U.S.-Israeli war on Iran.Reuters
an hour ago
Five vessels attacked in Gulf, Strait of Hormuz as war puts merchant ships on front lines
Armed Iranian boats attacked two tankers in Iraqi waters, Iraq port security officials saidThailand-flagged bulk carrier damaged off OmanMost crew evacuated, three feared missingJapan-flagged container ship and Greek-owned bulk carrier sustain minor damage By Aref Mohammed Ahmed Rasheed Jonathan Sau...Reuters
an hour ago
Venezuela's Rodriguez promotes deputy to head oil ministry
March 11 (Reuters) - Venezuela's acting President Delcy Rodriguez said on Wednesday that she has appointed Paula Henao as oil minister, filling the key role as the country overhauls its oil industry amid U.S. pressure.The position became vacant when Rodriguez, who had been serving as both oil mi...Reuters
2 hours ago
Trump, in comments on Iran war, says US looking 'strongly at the straits'
WASHINGTON, March 11 (Reuters) - President Donald Trump said on Wednesday that Washington was in "very good shape" in its war on Iran and the U.S. was "going to look very strongly at the straits."The war has rattled global markets. Raising the stakes for the global economy, Iran'...Reuters
2 hours ago
RPT-ROI-Historic oil reserve release is only a band-aid on a gaping supply shock: Bousso
By Ron Bousso LONDON, March 11 (Reuters) - The International Energy Agency’s plan to release 400 million barrels of oil reserves is unprecedented in scale and desperately needed to blunt the devastating supply shock triggered by the Iran war. But it will offer only limited relief as long as energ...Reuters
3 hours ago
US to release 172 million barrels of oil from strategic petroleum reserve
By Kanishka Singh and Ryan Patrick JonesWASHINGTON, March 11 (Reuters) - The U.S. will release 172 million barrels of oil from its strategic petroleum reserve in a bid to reduce oil prices that have soared due to supply shocks from the U.S.-Israeli war on Iran, U.S. Energy Secretary Chris Wright sai...Reuters
3 hours ago
IEA announces record oil stockpile release over Iran war supply disruptions
IEA agrees to release record 400 million barrels of oilU.S. to contribute 172 million barrels, Japan promises swift release of 80 million barrelsOil prices rise on Wednesday as concerns of prolonged supply disruption persistBy America Hernandez and Alex Lawler PARIS/LONDON, March 11 (Reuters) - T...Reuters
3 hours ago
Venezuela leader Rodriguez taps Paula Henao as new oil minister
March 11 (Reuters) - Venezuela's acting President Delcy Rodriguez said on Wednesday that she had appointed Paula Henao to be the country's oil minister. Henao was previously a vice oil minister. "I am fully confident that, with her professionalism, extensive experience and many years of ...Reuters
3 hours ago
US to release 172 million barrels of oil from strategic petroleum reserve
The US President Donald Trump administration plans to release 172 million barrels from the US emergency oil reserve as part of the coordinated effort by nations around the world to ease soaring crude and gasoline prices amid the Iran war, Bloomberg reported on Wednesday.Fxstreet
3 hours ago
US President Donald Trump: IEA decision to release oil from reserve will reduce oil prices
US President Donald Trump said on Wednesday that the US knocked out Iran's navy and leaders. Trump added that the International Energy Agency (IEA) decision to release oil from reserves will substantially reduce oil prices.Fxstreet
3 hours ago
