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EXPLAINER-Why is it so easy for Iran to shut the Strait of Hormuz?
By Sarah Young and John Irish March 13 (Reuters) - Following through on an old threat, Iran has effectively closed the Strait of Hormuz, cutting off a vital waterway that normally carries about a fifth of global oil and liquefied natural gas supplies, in retaliation for U.S.-Israeli strikes. As o...Reuters
6 minutes ago
Brent crosses $100/bbl as tanker path corrected
India-flagged tanker sails out of Oman, mistaken for passing through Hormuz StraitUS measures aimed at easing supply tightnessDisruption of trade through the strait continues By Anna Hirtenstein LONDON, March 13 (Reuters) - Brent crude climbed past $100 a barrel on Friday as it became clear a...Reuters
25 minutes ago
EXCLUSIVE-Iran allows two gas tankers to sail to India through Hormuz, sources say
By Nidhi Verma and Jonathan SaulNEW DELHI, March 13 (Reuters) - Iran has allowed two Indian-flagged liquefied petroleum gas (LPG) carriers to sail through the Strait of Hormuz, four sources with direct knowledge of the matter, a move that could help ease some of the cooking gas crisis in the country...Reuters
26 minutes ago
EXCLUSIVE-With Iran war exit elusive, Trump aides vie to affect outcome
White House factions shape Trump's messagingEconomic team warns of oil shockPolitical aides urge limited, quick operationHawks push for sustained Iran pressureBy Nandita Bose, Matt Spetalnick and Humeyra Pamuk WASHINGTON, March 13 (Reuters) - A complex tug-of-war inside the White House is dri...Reuters
28 minutes ago
Boeing Is Repairing 25 Max Jets After Wire Flaw Halts Deliveries - Bloomberg News
March 13 (Reuters) - BOEING IS REPAIRING 25 MAX JETS AFTER WIRE FLAW HALTS DELIVERIES - BLOOMBERG NEWSWHILE SOME MARCH DELIVERIES WILL BE DELAYED, THE IMPACT ISN’T LIKELY TO BE AS EXTENSIVE AS BOEING HAD INITIALLY ANTICIPATED - BLOOMBERG NEWSSource text: https://tinyurl.com/6as3xrpReuters
31 minutes ago
France, Italy open talks with Iran over Hormuz passage; Italy denies FT report
PARIS/ROME, March 13 (Reuters) - France and Italy have opened talks with Iran seeking to negotiate a deal to guarantee safe passage for their ships through the Strait of Hormuz, the Financial Times reported on Friday, although Italy denied the report.Shipping in the Gulf and along the narrow Strait ...Reuters
44 minutes ago
Venture Global to proceed with second phase of CP2 LNG project
By Curtis WilliamsMarch 13 (Reuters) - Venture Global VG.N will proceed with phase 2 of its CP2 liquefied natural gas project in Louisiana, the company said on Friday.The U.S.' second-largest LNG supplier said the project is strategically important to global energy supply and security.LNG prices...Reuters
55 minutes ago
JP Morgan sees crude supply cuts nearing 12 million bpd as tanker halt tightens markets
March 13 (Reuters) - Crude oil supply cuts are on track to reach nearly 12 million barrels per day by the end of next week, intensifying deficits in physical markets as tanker movements through a key Middle Eastern waterway face a two-week disruption, JPMorgan said in a note on Friday."Commercia...Reuters
an hour ago
GLOBAL LNG-Asia spot LNG prices edge down but remain elevated due to US-Iran conflict
Asia and Europe compete for LNG amid US-Iran conflictQatarEnergy shutdown impacts global LNG supply, affecting Asia and EuropeEU gas storage concerns grow amid LNG competitionBy Marwa Rashad LONDON, March 13 - Asia spot liquefied natural gas prices edged down this week. along with other energy pr...Reuters
an hour ago
Germany's Merz: EU to work with Canada, Norway on energy supply
BARDUFOSS, Norway, March 13 (Reuters) - German Chancellor Friedrich Merz said on Friday the European Union was working with Canada and Norway on ways to cooperate on energy supplies. "We will develop a common energy supply strategy within the European Union, together with our Canadian partners ...Reuters
an hour ago
US Cash Grains-Soy, corn basis mostly flat in lighter selling
CHICAGO, March 13 (Reuters) - Basis bids for corn and soybeans were mostly steady in the U.S. Midwest on Friday as a massive wave of farmer selling eased.U.S. grain prices have surged since the Iran war began, triggering a flurry of corn and soybean sales by farmers who squirreled away last year'...Reuters
an hour ago
WRAPUP 9-Trump says US will hit Iran 'very hard' after easing sanctions on Russian oil
Trump pledges more strikes 'over the next week'US issues 30-day waiver for Russian oil purchasesIsrael and Iran exchange missile barragesOil prices rise despite US waiver, Brent crude at $99.50By Parisa Hafezi, Maya Gebeily and Alexander Cornwell DUBAI/BEIRUT/JERUSALEM, March 13 (Reuters)...Reuters
an hour ago
Italy denies negotiations with Iran for safe passage through the Hormuz Strait
ROME, March 13 (Reuters) - No negotiations are underway with Iran to guarantee safe passage through the Hormuz Strait for Italian ships or oil tankers, an Italian foreign ministry source said on Friday, denying a report in the Financial Times."In their diplomatic contacts, Italian leaders want t...Reuters
2 hours ago
FACTBOX-US-Israeli war with Iran causes major oil, gas disruptions
March 13 (Reuters) - The U.S.-Israeli war on Iran and Tehran's attacks on Gulf neighbours have disrupted oil and natural gas exports from the Middle East and forced production stoppages.Fighting has halted shipments via the world's most important oil artery, the Strait of Hormuz, which handl...Reuters
2 hours ago
Trump says he's looking at loosening Jones Act shipping rules
WASHINGTON, March 13 (Reuters) - U.S. President Donald Trump said he was looking at loosening shipping rules under the Jones Act, telling Fox News in an interview that aired on Friday that he would take a look at it but giving no other details. "We'll take a look, we'll take a look a...Reuters
2 hours ago
US natgas production hit record high in 2025, says EIA
March 13 (Reuters) - Natural gas production marketed in the U.S. reached a record high of 118.5 billion cubic feet per day (bcf/d) on average in 2025, the U.S. Energy Information Administration said on Friday. Appalachia, Permian and Haynesville accounted for 81% of last year's growth and showed...Reuters
2 hours ago
Oil: War-driven supply shock supports prices – Commerzbank
Commerzbank’s commodity team, including Barbara Lambrecht and colleagues, highlights that the Iran war has triggered the largest oil supply outages ever, with the IEA estimating losses of at least 8 million barrels per day.Fxstreet
2 hours ago
Russia says it could sell power to Kyiv from Zaporizhzhia nuclear plant
Russia wants to restart Zaporizhzhia nuclear plant when security situation allowsPlant's fate is crucial to US-mediated peace talksBy Anastasia LyrchikovaMOSCOW, March 13 (Reuters) - Russia intends to control the relaunch and operation of the Zaporizhzhia nuclear power plant when it is safe to d...Reuters
2 hours ago
CORRECTED-Trump says he's looking at loosening Jones Act shipping rules
WASHINGTON, March 13 (Reuters) - U.S. President Donald Trump said he was looking at loosening shipping rules under the Jones Act, telling Fox News Radio's "The Brian Kilmeade Show" in an interview that aired on Friday that he would take a look at it.Reuters
2 hours ago
