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Silver price drops as traders await Fed decision, geopolitical risks mount
Silver (XAG/USD) trades around $79.70 on Monday at the time of writing, down 1.12% on the day. The white metal is under pressure as investors adopt a cautious stance ahead of this week’s monetary policy announcements from major central banks, particularly the Federal Reserve (Fed).
Fxstreet
10 minutes ago
ADNOC oil loading still halted at UAE's Fujairah, other loadings resume, sources say
Two out of three single point moorings at Fujairah are open, source saysFujairah typically the exit point for 1 million bpd of Murban crudeSecond major disruption at bunkering hub in recent daysDUBAI, March 16 (Reuters) - Abu Dhabi state oil giant ADNOC has suspended crude loading operations at the ...Reuters
16 minutes ago
EXPLAINER-Why does the port of Fujairah matter to the oil market?
LONDON, March 16 (Reuters) - Oil loadings at the United Arab Emirates' Fujairah port, a major global hub for refuelling ships as well as crude and fuel exports, have been disrupted after multiple drone attacks in recent days. WHY DOES FUJAIRAH MATTER GLOBALLY?Fujairah exported more than 1.7...Reuters
19 minutes ago
FACTBOX-Storms knock out power to 500,000 across US Midwest, Mid-Atlantic and South
March 16 (Reuters) - More than 500,000 homes and businesses were without power on Friday as severe storms battered the U.S. Midwest and Mid-Atlantic region, according to data from PowerOutage.us.Michigan was hardest hit with around 125,000 outages, representing about 2.5% of the state's 5.1 mill...Reuters
28 minutes ago
GRAINS-Soybeans fall on potential Trump-Xi meeting delay, wheat and corn also drop
HAMBURG, March 16 (Reuters) - Chicago soybeans fell on Monday, after hitting near two-year highs last week, as a potential delay in U.S President Donald Trump's meeting with Chinese President Xi Jinping later in March, dampened hopes of more U.S. soybean sales to China. Wheat and corn also fe...Reuters
34 minutes ago
US 'fine' with some ships getting through Strait of Hormuz, Bessent says
WASHINGTON, March 16 (Reuters) - The United States is "fine" with some Iranian, Indian and Chinese ships going through the Strait of Hormuz for now, Treasury Secretary Scott Bessent said on Monday, adding that any action to mitigate higher prices would depend on how long the Iran war lasts.&...Reuters
41 minutes ago
US 'fine' with some ships getting through Strait of Hormuz, Bessent says
WASHINGTON, March 16 (Reuters) - The U.S. is "fine" with some Iranian, Indian and Chinese ships getting through the Strait of Hormuz for now, Treasury Secretary Scott Bessent told CNBC on Monday, adding that any U.S. action to mitigate higher prices would depend on duration of the war.Reuters
54 minutes ago
RPT-ANALYSIS-Iran holds the key to reopening global energy markets
Iran attacks Gulf ports, refineries, closes Strait of HormuzMiddle East oil output falls 7-10 million bpd, oil/gas prices spike Industry says naval convoys won't help restore traffic Refinery, port, field repairs to take weeks to monthsBy Yousef Saba, Ahmad Ghaddar, Maha El Dahan and Ahmed Rashe...Reuters
58 minutes ago
Oil prices mixed amid attacks on Gulf export facilities
US in talks with other countries to protect Strait of HormuzBrent, 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 saysBy Enes Tunagur LONDON, March 16 (Reuters) - Oil prices were mixed ...Reuters
59 minutes ago
UK'S Starmer rules out joining wider Iran war, says reopening Hormuz strait will not be easy
Starmer says he is working with partners on Strait of HormuzOffers support package for rural houses using heating oilSays he spoke with Trump, they have a 'good relationship'By Elizabeth Piper and Sarah Young LONDON, March 15 (Reuters) - Prime Minister Keir Starmer said on Monday Britain ...Reuters
an hour ago
US cruises sail into higher costs as oil prices rally; Carnival could be hardest hit
By Aishwarya Jain and Neil J KanattMarch 16 (Reuters) - Cruise operators face choppy waters as rising oil prices lift fuel costs, with analysts warning Carnival Corp CCL.N could take the biggest hit to its 2026 profit as it is the only major U.S. cruise line that does not hedge fuel.Oil prices have ...Reuters
an hour ago
WRAPUP 5-Israel says it has plans for at least three weeks of war as airstrikes pound Iran
US-Israeli war on Iran enters third week, impacting global oil pricesIran fires at Israel, launches drone attacks on UAE, BahrainTrump pressures allies to help reopen Strait of Hormuz, warns NATO of consequencesIsrael has at least three weeks of plansBy Alexander Cornwell and Parisa Hafezi TEL AV...Reuters
an hour ago
PRECIOUS-Gold falls as inflation fears pressure Fed rate-cut outlook
Oil holds above $100 as Middle East conflict enters third weekTrump talking to seven nations about securing Strait of HormuzFed expected to hold rates steady in policy meeting this weekBy Pablo Sinha March 16 (Reuters) - Gold prices dipped on Monday, pressured by concerns that surging oil costs ...Reuters
an hour ago
Iraq plans pipeline revamp for direct Kirkuk oil exports to Turkey, minister says
BAHGHDAD, March 16 (Reuters) - Iraq is working to revamp a disused pipeline that would allow oil to be pumped directly to Turkey's Ceyhan port without passing through the Kurdistan region, Iraqi oil minister Hayan Abdel-Ghani said in a video statement released on Monday.Iraq will complete inspec...Reuters
an hour ago
EXPLAINER-Why might President Trump find it hard to reopen the Strait of Hormuz?
By Sarah Young and John Irish March 16 (Reuters) - U.S. President Donald Trump has demanded help from allies to reopen the Strait of Hormuz, which usually carries about a fifth of global energy supplies, but even if he can assemble a major coalition it could prove very hard to end Iran's bloc...Reuters
2 hours ago
METALS-Industrial metals slide as oil surge fuel inflation, growth worries
By Pratima Desai LONDON, March 16 (Reuters) - Industrial metal prices came under pressure on Monday as surging oil prices due to the conflict in the Middle East fuelled fears about inflation and global growth prospects, traders said.Benchmark copper CMCU3 on the London Metal Exchange was down 0.1...Reuters
2 hours ago
UAE crude output falls by more than half as Hormuz closure forces shut-ins
Hormuz disruption roiling energy marketsState-owned ADNOC temporarily closing wells, sources sayShut-ins affect both onshore, offshore operations, sources say By Yousef Saba and Florence Tan March 16 (Reuters) - The United Arab Emirates' daily oil output is down by more than half as the Iran ...Reuters
2 hours ago
WW International Q4 revenue falls as behavioral business declines
OverviewGlobal weight management firm's Q4 revenue declined 12% yr/yr amid behavioral business headwindsClinical subscription revenue for Q4 grew 32% yr/yr, driven by GLP-1 medication demandCompany projects 2026 revenue of $620 mln to $635 mln and adjusted EBITDA of $105 mln to $115 mlnOutlookWW...Reuters
2 hours ago
RPT-ROI-US is quickly exhausting tools to absorb Iran war oil shock: Bousso
By Ron Bousso LONDON, March 16 (Reuters) - The U.S. is rapidly running out of shock absorbers to cushion the oil market from the loss of Middle Eastern crude supplies as the Iran war rages, raising the risk of a deeper global economic slowdown if demand destruction accelerates.As the U.S.-Israeli...Reuters
2 hours ago
Germany won't take part in efforts to keep Strait of Hormuz open by military means, says Berlin
BERLIN, March 16 (Reuters) - The war in Iran has nothing to do with the NATO defence alliance, said a German government spokesperson on Monday, who reiterated that Germany would not take part in the war nor in keeping the Strait of Hormuz open through military means."As long as this war continue...Reuters
2 hours ago
