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Oil gains 8% as Iran says Strait of Hormuz closure to continue
Iran supreme leader says Strait of Hormuz to remain closedIranian boats attacked two tankers in Iraqi watersIEA release of 400 million barrels may give limited reliefBy Siddharth Cavale NEW YORK, March 12 (Reuters) - Oil prices rose about 8% on Thursday as Iran stepped up attacks on oil and trans...Reuters
10 minutes ago
METALS-Aluminium nears four-year high on Middle East supply fears
By Polina Devitt LONDON, March 12 (Reuters) - Aluminium prices hit their highest level in almost four years on Thursday on investor worries of tighter supply to Europe and other regions as the Middle East conflict disrupts shipments via the Strait of Hormuz.Benchmark three-month aluminium CMAL3 o...Reuters
12 minutes ago
Trump administration considers loosening US shipping rules to combat fuel price spike
US seeking to ease fuel, agriculture shipments Soaring prices pose political threat to Trump, RepublicansWaiver could be announced as early as Thursday, sources sayBy Jarrett RenshawWASHINGTON, March 12 (Reuters) - The Trump administration is considering waiving the century-old Jones Act for a limit...Reuters
27 minutes ago
Iran says many ships can pass through Strait of Hormuz if they coordinate with Iranian navy
DUBAI, March 12 (Reuters) - Many ships can still pass through the Strait of Hormuz if they coordinate with the Iranian navy, Iran's Foreign Ministry spokesperson Esmaeil Baghaei said in comments carried by Mehr news agency. "After the current events, generally we cannot return to conditions ...Reuters
37 minutes ago
Two US sailors injured after non-combat fire aboard carrier in Red Sea
By Idrees Ali and Phil Stewart WASHINGTON, March 12 (Reuters) - Two U.S. sailors were injured after the USS Gerald Ford suffered a non-combat-related fire on board, the U.S. military said on Thursday.The Ford carrier, the United States' newest aircraft carrier and the world's largest, is ...Reuters
55 minutes ago
US has arranged nearly 50 charter flights from Middle East amid Iran strikes, State Dept says
By Simon Lewis WASHINGTON, March 12 (Reuters) - The Trump administration has organized nearly 50 flights to return U.S. citizens from the Middle East since the U.S.-Israeli war with Iran began, a State Department official said on Thursday, and officials said demand for the flights has declined.Th...Reuters
an hour ago
Oil unlikely to hit $200 a barrel, US energy chief says
Energy chief Wright says spike to last weeks not monthsOil up despite plan for record draw from global reservesTrump says when oil goes up, 'we make a lot of money'Brent oil hit record price of $147 per barrel in 2008By Timothy Gardner and Susan Heavey WASHINGTON, March 12 (Reuters) - U.S...Reuters
an hour ago
US natgas prices at Waha Hub in Texas remain negative for record 25th day
Pipeline constraints cause negative gas prices at Waha HubPermian gas output growth expected to slow in 2026 and 2027Higher oil prices may boost future Permian gas productionBy Scott DiSavino NEW YORK, March 12 (Reuters) - U.S. spot natural gas prices for Thursday at the Waha Hub NG-WAH-WTX-SNL i...Reuters
2 hours ago
Kazakhstan's Tengiz field recovers daily oil output, but average March production lags target, sources say
MOSCOW, March 12 (Reuters) - Oil output at Kazakhstan’s largest Tengiz field rose to 810,000 barrels on March 11, but averaged 495,000 barrels per day (bpd) over the first 10 days of this month on average, lagging the capacity target, two industry sources said.According to the sources, average produ...Reuters
2 hours ago
Russian foreign minister to meet IAEA chief on Friday, TASS reports
MOSCOW, March 12 (Reuters) - Russian Foreign Minister Sergei Lavrov is set to meet International Atomic Energy Agency Director General Rafael Grossi in Moscow on Friday, Russia's state-run TASS news agency reported.Reuters
2 hours ago
US natgas futures edge up to four-week high as Iran conflict drives demand
EIA reports smaller-than-expected gas storage withdrawalWaha Hub prices negative for record 25 days due to pipeline constraintsU.S. gas demand forecast to rise next week amid cooler weatherBy Scott DiSavino NEW YORK, March 12 (Reuters) - U.S. natural gas futures edged up to a fresh four-week high...Reuters
2 hours ago
Trump administration tells oil industry to prepare for Jones Act waiver on domestic shipping, sources say
WASHINGTON, March 12 (Reuters) - The Trump administration has told U.S. oil companies and shipping groups to prepare for a potential waiver of the century-old Jones Act governing domestic shipping, signaling the White House could soon ease restrictions to help move fuel around the country, two sourc...Reuters
3 hours ago
Norway forbids Norwegian-flagged ships to enter Strait of Hormuz
COPENHAGEN, March 12 (Reuters) - Norway's maritime authority said on Thursday that Norwegian-flagged ships will not be permitted to enter the Strait of Hormuz until further notice, due to the escalating security situation after the U.S.-Israeli attacks on Iran."Given how the situation has de...Reuters
3 hours ago
UK exploring additional Gulf deployments after minehunter withdrawal
LONDON, March 12 (Reuters) - Britain is exploring additional options for deployments to the Gulf after Iran stepped up attacks on vessels, defence minister John Healey said on Thursday, adding that the UK already has autonomous mine hunting systems in the region. The Royal Navy (RN) said last week i...Reuters
3 hours ago
PRECIOUS-Gold slips on strong dollar, easing rate-cut bets
Iran's supreme leader vows to keep Strait of Hormuz closedUS dollar up for third straight session BMI expects silver to average $93/oz in 2026By Ashitha Shivaprasad March 12 (Reuters) - Gold prices edged lower on Thursday as a stronger dollar and diminishing hopes for a reduction in borro...Reuters
3 hours ago
Two U.S. sailors injured after non-combat fire aboard carrier in Red Sea
WASHINGTON, March 12 (Reuters) - Two U.S. sailors were injured after the USS Gerald Ford suffered a non-combat-related fire on board, the U.S. military said on Thursday.In a statement, the military said the sailors were receiving medical treatment for non-life-threatening injuries and were in stable...Reuters
3 hours ago
Ashtrom's Unit Signs $200 Mln Financing For El Patrimonio Solar Project
March 12 (Reuters) - Ashtrom Group Ltd ASHG.TA:ASHTROM GROUP LTD - UNIT SIGNS $200 MILLION FINANCING FOR EL PATRIMONIO SOLAR PROJECT IN TEXASASHTROM GROUP LTD - EL PATRIMONIO PROJECT EXPECTED TO COMPLETE IN 2027ASHTROM GROUP LTD - EL PATRIMONIO TO SUPPLY ELECTRICITY TO 37,000 HOUSEHOLDS, REDUCE CARB...Reuters
3 hours ago
