News
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Strait of Hormuz Blockade Risk Persists, Asia Oil Prices Surge Then Retreat and Fluctuate
TradingKey - During the March 16 Asian trading session, international oil prices retreated from earlier highs, as the escalating military conflict between the U.S. and Iran remained the primary underlying driver.
TradingKey
an hour ago
Japan not yet planning Hormuz escort mission, PM Takaichi says
TOKYO, March 16 (Reuters) - Japan does not currently plan to dispatch naval vessels to escort ships in the Middle East, Prime Minister Sanae Takaichi said on Monday, after U.S. President Donald Trump called on allies to help escort tankers through the Strait of Hormuz. "We have not made any deci...Reuters
5 minutes ago
WRAPUP 13-Trump demands other countries help secure vital Strait of Hormuz as Iran vows defiance
Trump says U.S. is talking to seven nations about securing Strait of Hormuz 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/J...Reuters
9 minutes ago
US Dollar Index remains above 100.00 after pulling back from nearly 10-month highs
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, retreats after touching a near 10-month high of 100.54 in the previous session, trading around 100.20 during Asian hours on Monday.Fxstreet
39 minutes ago
Oil slips as Trump presses other countries to help secure Strait of Hormuz
U.S. in talks with other countries to protect Strait of Hormuz, Trump saysBrent, WTI have surged more than 40% this monthUS hit military targets on Iran's Kharg Island oil export hubOil reserves to begin flowing to market soon, IEA saysTrump rejects efforts to launch Iran ceasefire talks, source...Reuters
48 minutes ago
PRECIOUS-Gold steady as weaker dollar offsets fading rate‑cut hopes
March 16 (Reuters) - Gold prices were steady on Monday after paring a near 1% fall earlier in the session, as a softer dollar helped offset waning hopes of near‑term U.S. interest‑rate cuts due to elevated energy prices. FUNDAMENTALSSpot gold XAU= was unchanged at $5,017.53 per ounce, as of 010...Reuters
50 minutes ago
US, China seek to wrap Paris talks on managed trade, agriculture deals for Xi-Trump summit
Talks in Paris seek to tee up proposals for Trump, Xi to consider in Beijing 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 tells FT he may delay meeting with Xi over Hormuz stra...Reuters
an hour ago
Lynas And US DoW Sign Letter Of Intent For Rare Earth Supply
March 16 (Reuters) - Lynas Rare Earths Ltd LYC.AX:LYNAS AND US DOW SIGN LETTER OF INTENT FOR RARE EARTH SUPPLYUNDER THIS ARRANGEMENT, APPROXIMATELY US$96 MILLION WILL BE ALLOCATED BY DOW TO PURCHASE OF LIGHT AND HEAVY RARE EARTH OXIDE PRODUCTS FROM LYNASFLOOR PRICE FOR SUPPLY OF NDPR OXIDE WILL BE U...Reuters
an hour ago
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
an hour ago
Silver Price Forecast: XAG/USD Bounces Off Two-week Low; Retakes $81.00 Amid Bearish Setup
Silver (XAG/USD) stages a modest recovery from a nearly two-week low, around the $78.35 region touched during the Asian session on Monday, and climbs back above the $81.00 mark in the last hour.Fxstreet
an hour 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
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
an hour ago
ROI-Iran war hits refined fuels harder than crude and importers need to act: Russell
By Clyde Russell LAUNCESTON, Australia, March 16 (Reuters) - The loss of as much as 20% of the world's crude oil and refined fuels through the ongoing effective closure of the Strait of Hormuz gathers most of the media attention as the main fallout from the attack on Iran by the U.S. and Isra...Reuters
2 hours 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
3 hours 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
3 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
4 hours ago
