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Copper Falls as Higher Oil Prices Fan Fears Over Inflation, Growth
March 17 (Reuters) - Copper flipped into the red on Tuesday as Iran launched fresh attacks on U.S. allies in the Gulf region in the third week of the war, pushing up oil prices and fanning fears over growth and inflation.The most-active copper contract SCFcv1 on the Shanghai Futures Exchange decline...
Reuters
an hour ago
Iran Renews Attacks on Us Gulf Allies, Trump Says That Was Not Expected
TEL AVIV/WASHINGTON, March 17 (Reuters) - Iran launched fresh attacks on the United Arab Emirates on Tuesday, the kind of strikes on U.S. Gulf allies that President Donald Trump said had not been expected, but which sources said he had been warned about before the conflict.
Reuters
an hour ago
Fans of niche Japanese crisps brand panic after oil shortage halts production
TOKYO, March 17 (Reuters) - Die-hard fans of a niche Japanese crisps brand took to the internet on Tuesday to lament a production halt the snack maker Yamayoshi Seika blamed on a shortage of cooking oil caused by the conflict in the Middle East.The U.S. and Israel's war on Iran and the resulting...Reuters
9 minutes ago
Projectile hits Kuwait-flagged gas tanker off UAE's Fujairah
March 17 (Reuters) - An unknown projectile struck a Kuwait-flagged tanker 23 nautical miles east of Fujairah in the United Arab Emirates causing minor structural damage, the United Kingdom Maritime Trade Operations (UKMTO) said on Tuesday. There were no injuries reported to the crew, the agency ...Reuters
11 minutes ago
Some Japan buyers agree to pay Q2 aluminium premium of $350/T, talks ongoing, sources say
Some Japanese aluminium buyers have agreed to pay a global producer a premium of $350 per metric ton over the benchmark price for shipments from April to June, up 79% from the current quarter, two sources directly involved in the pricing talks said.Japan is a major Asian importer of aluminium and th...Reuters
18 minutes ago
US weighs settlement of about $1 billion with TotalEnergies for blocking wind farms, NYT reports
March 17 - U.S. officials are drafting agreements that would pay about $1 billion to French oil major TotalEnergies TTEF.PA in settlements owing to the cancellation of leases in federal waters for its wind farms off New York State and North Carolina, the New York Times reported on Tuesday.Reuters co...Reuters
19 minutes ago
Oil prices jump 4% after renewed Iranian attacks on UAE
Iran renews attacks on US Gulf alliesStrait of Hormuz disruption has halved UAE crude output Middle East crude benchmarks hit record highsBy Stephanie Kelly LONDON, March 17 (Reuters) - Oil prices rose by about 4% on Tuesday, clawing back some of the previous session's losses as Iranian attac...Reuters
26 minutes ago
Japan, U.S. To Agree On Joint Development Of Rare Earth Elements, Lithium, Copper At Summit Meeting This Week, Nikkei Says
March 17 (Reuters) - Mitsubishi Materials Corp 5711.T:JAPAN, U.S. TO AGREE ON JOINT DEVELOPMENT OF RARE EARTH ELEMENTS, LITHIUM, COPPER AT SUMMIT MEETING THIS WEEK, NIKKEI SAYSCOMPANIES PARTICIPATING IN THE PROJECTS INCLUDE MITSUBISHI MATERIALS, MITSUI & CO, NIKKEI SAYSJOINT PROJECTS INCLUDE RAR...Reuters
29 minutes ago
EXCLUSIVE-No appetite in EU for energy deals with Russia, Kallas says
BRUSSELS, March 17 (Reuters) - There is no appetite in the European Union to strike deals with Russia on energy amid soaring prices, also not behind closed doors, EU foreign policy chief Kaja Kallas said on Tuesday."I've been behind those closed doors and I don't see this this appetite. ...Reuters
42 minutes ago
EXCLUSIVE-EU seeks diplomatic solution for Hormuz Strait, Kallas says
BRUSSELS, March 17 (Reuters) - European Union foreign policy chief Kaja Kallas said on Tuesday diplomatic ways have to be found in order to keep the Strait of Hormuz open, as U.S. President Donald Trump calls on allies to send warships there to secure transit amid the war in Iran."Nobody is read...Reuters
52 minutes ago
Sri Lanka cabinet approves emergency coal purchase amid Mideast crisis
COLOMBO, March 17 (Reuters) - Sri Lanka's cabinet has approved an emergency purchase of 300,000 metric tons coal from an Indian company named Taranjot Resources Pvt Ltd, a cabinet statement said on Tuesday. The purchase comes at a time when the island nation is rationing fuel to extend the life ...Reuters
53 minutes ago
Asia pivots to coal as Middle East conflict chokes LNG supply
Asia spot LNG prices double while coal up around 14%War-driven LNG shock seen destroying Asian gas demandBangladesh, Philippines, Thailand ramp up coal outputLNG infrastructure investments at risk in South AsiaBy Sudarshan Varadhan, Emily Chow and Ariba Shahid SINGAPORE/KARACHI, March 17 (Reuters...Reuters
an hour ago
Prices Rise as Attacks in Middle East and LNG Supply Fears Continue
By Nina Chestney LONDON, March 17 - Benchmark Dutch wholesale gas prices rose on Tuesday morning, in line with the crude oil market, as the U.S.-Israeli war on Iran continued and with little prospect of unlocking oil and gas exports through the Strait of Hormuz in the short term.The benchmark Dut...Reuters
an hour ago
Rubio, South Korea's Cho agree Strait of Hormuz key to global economy, Seoul says
South Korea among countries called on by U.S. President Trump to join naval operation in Strait of HormuzForeign Minister Cho declines to reveal discussions with U.S.South Korea operates one of the world's top naval fleetsBy Jack Kim and Kyu-seok Shim SEOUL, March 17 (Reuters) - U.S. Secretar...Reuters
an hour ago
Iraq in talks with Iran to safeguard oil tanker traffic through Hormuz
DUBAI, March 17 (Reuters) - Iraq's oil minister said Baghdad is talking to Iran about allowing some of the country's oil tankers to pass through the Strait of Hormuz, the state news agency reported on Tuesday, as Iraq seeks to ease disruptions to crude exports following recent attacks on tan...Reuters
2 hours ago
South Korea says sending warship to Strait of Hormuz would require parliamentary approval
SEOUL, March 17 (Reuters) - South Korea's Defence Minister Ahn Gyu-back said on Tuesday that sending a warship to the Strait of Hormuz would require parliamentary approval. Seoul is not considering sending its Cheonghae unit's warship called ROKS Dae Jo-yeong to the Strait of Hormuz, Ahn sai...Reuters
2 hours ago
