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Breaking: Gold falls below $5,000 as oil-driven inflation fears weigh
Gold price (XAU/USD) tumbles to around $4,980 during the early Asian session on Monday. The precious metal faces some selling pressure despite intense geopolitical conflict in the Middle East. Traders will closely monitor the developments surrounding the United States (US)-Israel war with Iran.
Fxstreet
26 minutes ago
Australia's Syrah, Tesla extend deadline to resolve alleged default in graphite supply deal
March 16 (Reuters) - Australian graphite miner Syrah Resources SYR.AX said on Monday it agreed with Tesla TSLA.O to extend for a fourth time a deadline to resolve an alleged default under their graphite supply agreement to June 1.Tesla had previously issued a notice alleging that Syrah failed to me...Reuters
59 minutes ago
EU to discuss bolstering Mideast naval mission amid Iran war turmoil
Small mission was set up to protect ships from Yemen's HouthisIran war prompts talk of expanding EU's role to Strait of HormuzGermany sceptical, says mission not effective at current taskBy Andrew Gray and Lili Bayer BRUSSELS, March 15 (Reuters) - European Union foreign ministers will dis...Reuters
an hour ago
US oil CEOs warn Trump administration that energy crisis likely to worsen, WSJ reports
March 15 (Reuters) - Chief executives of major U.S. oil companies warned official of U.S. President Donald Trump's administration that the energy crisis triggered by the Iran war is likely to get worse, The Wall Street Journal reported on Sunday, citing people familiar with the matter.The CEOs o...Reuters
2 hours ago
Australia's Lynas inks US rare earth oxide supply deal
March 16 (Reuters) - Australia's Lynas Rare Earths LYC.AX said on Monday its unit Lynas USA LLC has signed a binding letter of intent with the U.S. government to finalise a rare earth oxide supply agreement. Under the deal, the Pentagon will allocate about $96 million to buy light and heavy rare...Reuters
2 hours ago
EXCLUSIVE-US, China discuss farm goods, managed trade in 'remarkably stable' Paris talks-sources
China open to additional purchases of U.S. agriculture goods -sources familiar with talksU.S., China said to explore new mechanisms for managing trade, investmentsTrump and Xi would have final say over any proposals at Beijing summit By David Lawder PARIS, March 15 (Reuters) - Top U.S. and Chines...Reuters
2 hours ago
US energy secretary says Iran war expected to end within next few weeks
US energy secretary Chris Wright said that he expects the United States (US)–Israel war with Iran to end within “the next few weeks,” with oil supplies rebounding and energy costs declining afterwards, the Guardian reported on Sunday.Fxstreet
2 hours ago
Australia's Lynas inks US rare earth oxide supply deal
March 16 (Reuters) - Australia's Lynas Rare Earths LYC.AX said on Monday its unit had signed a binding letter of intent with the United States Department of War to finalise a rare earth oxide supply aggrement. Under the deal, the Department of War will allocate about $96 million to buy light and...Reuters
2 hours ago
RPT-Japan to release oil stocks as US says buy American
Japan depends on Middle East for some 90% of its oil supplyTokyo started reserves scheme in 1978 after Mideast shockUS calls on allies to buy more American energy By Katya Golubkova and Yuka Obayashi TOKYO, March 15 (Reuters) - Japan plans to start releasing oil from its stockpiles on Monday to s...Reuters
2 hours ago
Oil poised for further gains as Middle East conflict threatens export facilities
Brent, WTI have surged more than 40% so far this monthUS hit military targets on Iran's Kharg Island oil export hubTrump to announce coalition to escort ships in Strait of Hormuz - WSJTrump rejects efforts to launch Iran ceasefire talks, sources sayBy Florence Tan and Shariq Khan SINGAPORE/NE...Reuters
3 hours ago
WRAPUP 10-US officials predict quick end to Iran war, while Tehran says it can outlast foes
US officials predict quick end to conflict, oil price dropIran asserts strength, rejects any talks with USGlobal oil supply disrupted, Strait of Hormuz remains closedBy Maya Gebeily, Emily Rose and Jarrett Renshaw DUBAI/JERUSALEM/PALM BEACH, Florida, March 15 (Reuters) - U.S. officials responding...Reuters
3 hours ago
REFILE-EXCLUSIVE-Iran wants 'serious review' of Gulf ties, denies role in Saudi oil attacks
Iran wants 'serious review' of Gulf ties, ambassador to Riyadh saysIran denies responsibility for attacks on Saudi oil facilitiesGulf states suffer over 2,000 missile and drone attacks since war beganIran and Saudi Arabia mended ties in 2023 after years of enmityBy Timour Azhari RIYADH, M...Reuters
4 hours ago
Iraq's Kurdish authorities rebuff accusation they are blocking use of oil pipeline
Baghdad oil ministry says KRG put in place arbitrary conditionsKRG responds that oil ministry is ignoring insecurityKurdish officials say their region also suffering dollar embargo BAGHDAD, March 15 (Reuters) - Iraq's Kurdish authorities said on Sunday that Baghdad had failed to address secur...Reuters
6 hours ago
US, China economic chiefs meet in Paris to clear path to Trump-Xi summit
Talks seen focused on tariffs, rare earths, high-tech export controls, and agricultureAnalysts see little prospect for breakthrough amid shortened preparations due to Iran warNew US trade probes could lead to more tariffs on ChinaBy David Lawder and Elizabeth Howcroft PARIS, March 15 (Reuters) - ...Reuters
6 hours ago
In heavy rain, Lebanese fleeing war huddle under makeshift shelters
By Ahmed Kerdi BEIRUT/SIDON, March 15 (Reuters) - Hussain Murtada and his family are camping in the back of a small truck, a flimsy tarpaulin shielding them from a storm on Sunday, with no room left at shelters for displaced people in the southern Lebanese city of Sidon."We are putting tarp o...Reuters
7 hours ago
Emergency stockpile oil coming soon to Iran-wracked markets, IEA says
PARIS, March 15 (Reuters) - More than 400 million barrels of oil from International Energy Agency emergency reserves will begin flowing soon, the agency said in its most detailed account of the rollout of the plan to combat a spike in crude prices since the start of the Iran war. Stocks from ...Reuters
8 hours ago
Over 400 million barrels of emergency oil reserves to flow to global markets soon, IEA says
PARIS, March 15 (Reuters) - Oil from the International Energy Agency emergency reserves will begin flowing to global markets soon, with member countries pledging to make available 411.9 million barrels, the agency said in a statement on Sunday. Governments have committed to make available 271.7 mill...Reuters
9 hours ago
Asia-Pacific allies ink $57 billion in deals with US companies, Burgum says
March 15 (Reuters) - Asia-Pacific allies agreed to $57 billion in 22 deals with American companies during this weekend's Indo-Pacific Energy Security Forum in Tokyo, U.S. Interior Secretary Doug Burgum said on Sunday. In an interview on Fox News Channel's "Sunday Morning Futures," Bu...Reuters
9 hours ago
