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Iran war deprives US farmers of affordable fertilizer as spring planting looms
Fertilizer shortage due to Iran war alarming U.S and Canadian farmersFertilizer dealers could be 25-35% short of usual spring fertilizer suppliesPrices have surged since Iran war beganBy Ed White WINNIPEG, Manitoba, March 13 (Reuters) - Farmers in the U.S. and Canada, who were already worried abo...Reuters
20 minutes ago
EU wheat holds firm as war hangs over market
PARIS, March 13 (Reuters) - European wheat futures rose for a third straight session on Friday to approach a seven-month high as worries about a hardening conflict in the Middle East prompted some short-covering before the weekend, traders said.May milling wheat BL2K6 on Euronext settled 0.6% higher...Reuters
20 minutes ago
Europe Gasoline/Naphtha-Gasoline refining margins jump in thin trade
LONDON, March 13 (Reuters) - Northwest European gasoline refinery profit margins rose sharply by nearly $7 to $9.53 a barrel on Friday in thin trading activity.About 4,000 metric tons of E5 gasoline barges traded in the Argus window, with Trafigura selling to TotalEnergies and MB Energy.No E10 gasol...Reuters
24 minutes ago
EXCLUSIVE-Iran lets two gas tankers sail to India through Hormuz, sources say
By Nidhi Verma and Jonathan Saul NEW DELHI, March 13 (Reuters) - Iran has allowed two Indian-flagged liquefied petroleum gas carriers to sail through the Strait of Hormuz, four sources with direct knowledge of the matter said, a rare exception to the Iranian blockade that has disrupted global en...Reuters
25 minutes ago
S&P Expects Middle East War Escalation To Have Long-Lasting Effects On U.S. Economy & Credit Conditions
March 13 (Reuters) - S&P:S&P: ESCALATION OF MIDDLE EAST WAR COULD HAVE LONG-LASTING EFFECTS ON U.S. ECONOMY & CREDIT CONDITIONSS&P: NEGATIVE SUPPLY SHOCK FROM MIDDLE EAST WAR WILL LOWER U.S. GDP GROWTH AND RAISE INFLATIONS&P: EXPECT U.S. OIL & GAS PRODUCERS WILL BENEFIT FROM ...Reuters
27 minutes ago
Ambrey says merchant vessel reported hearing explosion near UAE's Sharjah anchorage
March 13 (Reuters) - British maritime security firm Ambrey said on Friday that a merchant vessel reported hearing the sound of an explosion near al Sharjah anchorage in the United Arab Emirates. The explosion was at an undetermined distance from the vessel. Ambrey assessed it to be a projectile inte...Reuters
28 minutes ago
US Plains HRW Wheat-Basis bids flat as farmers eye drought, prices
CHICAGO, March 13 (Reuters) - Basis bids for hard red winter wheat were steady in the U.S. Plains on Friday after an uptick in selling sparked by surging Kansas City wheat futures subsided.Farmers are cautious about forward contracting new-crop wheat as the winter wheat in the U.S. Plains that has e...Reuters
32 minutes ago
PRECIOUS-Gold slips and heads for second consecutive weekly fall
Spot gold down over 2% for the week Trump says US will hit Iran 'very hard'Partial flight resumptions restore some gold flows from DubaiPlatinum slips 4% By Ashitha Shivaprasad March 13 (Reuters) - Gold prices slipped on Friday and were on track for a second consecutive weekly decline, pr...Reuters
34 minutes ago
GRAINS-Soybeans slip from near two-year high, corn gains on pre-weekend positioning
Crude oil rebounds from overnight lows, lifting grainsTraders squaring positions on grains ahead of the weekendUpcoming U.S.-China talks eyed for soybean demandBy Karl Plume CHICAGO, March 13 (Reuters) - U.S. soybean futures weakened on Friday in a profit-taking setback after hitting a near two-y...Reuters
40 minutes ago
Crude futures turn positive on continued Hormuz closure
Reports of resolution, continued fighting move pricesUS measures aimed at easing supply tightnessDisruption of trade through the strait continues HOUSTON, March 13 (Reuters) - Crude futures climbed higher on Friday as the Strait of Hormuz remained closed, but analysts were wary the weekend might...Reuters
44 minutes ago
Panama hopes China's COSCO will resume operations at Balboa port, minister says
PANAMA CITY, March 13 (Reuters) - Panama's government hopes China's COSCO Shipping 601919.SS will reconsider its decision not to use the Balboa port at the entrance of the Panama Canal, the country's minister for canal affairs, Jose Ramon Icaza, said on Friday. Earlier this week, local n...Reuters
46 minutes ago
US drillers add oil and gas rigs for second week in a row, says Baker Hughes
By Scott DiSavino NEW YORK, March 13 (Reuters) - U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since early February, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday. The oil and gas rig count, ...Reuters
48 minutes ago
France presses on with Hormuz ideas, no secret Iran talks, sources say
PARIS/ROME, March 13 (Reuters) - France is pushing on with efforts to put together a coalition to secure the Strait of Hormuz once the security situation stabilises, two French officials said on Friday, after a report suggested Paris was negotiating safe passage for its ships.European states have be...Reuters
an hour ago
WTI Oil prices steady near $95 as strategic reserves offset Middle East supply risks
West Texas Intermediate (WTI) US Oil trades around $95.30 on Friday at the time of writing, virtually unchanged for the day, as markets balance supply relief measures with escalating geopolitical risks in the Middle East.
Fxstreet
an hour ago
Air freight rates soar as Middle East conflict blocks trade routes
South Asia-Europe rates up 70% since start of Iran war - FreightosMore than 100 container ships blocked in Strait of HormuzSome Indian generic drugmakers switching from sea freight to air, industry expert saysBy Allison Lampert and Lisa Baertlein March 13 (Reuters) - Air freight rates have risen ...Reuters
an hour ago
US drillers add oil and gas rigs for second week in a row, says Baker Hughes
By Scott DiSavinoNEW YORK, March 13 (Reuters) - U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since early February, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.Reuters
an hour ago
California hit by much higher oil prices as Iran war stresses refiners
California now more dependent on costlier fuel imports from AsiaWest Coast refineries account for about 50% of Middle East crude imports to USPrices spike for alternative barrels of crude due to Asia demand By Arathy Somasekhar and Nicole Jao HOUSTON, March 13 (Reuters) - Fuel costs in California...Reuters
an hour ago
PRECIOUS-Gold slips and heads for second consecutive weekly fall
Spot gold down over 2% for the week Trump says US will hit Iran 'very hard'Partial flight resumptions restore some gold flows from DubaiSilver, platinum slip over 4% By Ashitha Shivaprasad March 13 (Reuters) - Gold prices slipped on Friday and were on track for a second consecutive weekly...Reuters
2 hours ago
WRAPUP 10-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 barragesTrump says Putin helping Iran 'a little bit' By Parisa Hafezi, Maya Gebeily and Alexander Cornwell DUBAI/BEIRUT/JERUSALEM, March 13 (Reuters) - ...Reuters
2 hours ago
