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Iran threatens to completely close Strait of Hormuz if US bombs power plants
Iran’s Islamic Revolutionary Guard Corps (IRGC) said that it will completely shut the strait if US President Donald Trump proceeds with his threats to target Iranian energy facilities, the Guardian reported on Monday.Fxstreet
6 minutes ago
Goldman Sachs Raises 2Q26 TTF Gas Forecast To 72 EUR/Mwh From 63 EUR/Mwh
March 23 (Reuters) - GOLDMAN SACHS: SAYS IT LIFTS 2Q26 TTF GAS FORECAST TO 72 EUR/MWH ($24.40/MMBTU), FROM 63 EUR/MWHSAYS IT RAISES 2Q26 JKM GAS PRICE FORECAST TO $26.90/MMBTU (FROM $23.35)SAYS IT RAISES 2028/2029 FORECASTS TO 19/16 EUR/MWH FOR TTF GAS (FROM 12/12 EUR/MWH) AND $6.90/$5.70 FOR JKM (F...Reuters
14 minutes ago
Goldman Sachs raises 2026 Brent crude average price forecast by $8 to $85 a barrel
March 22 (Reuters) - Goldman Sachs late on Sunday raised its 2026 average price forecast for Brent crude oil to $85 per barrel from $77, and raised its West Texas Intermediate (WTI) forecast to $79/bbl from $72. "Due to uncertainty around the duration of the shock and assuming that Hormuz flows ...Reuters
39 minutes ago
Gold falls to near $4,450 as inflation fears and rate hike prospects weigh on demand
Gold price (XAU/USD) tumbles to around $4,460 during the early Asian trading hours on Monday. The precious metal remains under selling pressure amid a stronger US Dollar (USD), rising bond yields and concerns about inflation linked to energy prices.
Fxstreet
40 minutes ago
WRAPUP 7-Iran threatens to retaliate against Gulf energy and water after Trump ultimatum
Tehran vows to strike Gulf infrastructure if U.S. attacks Iranian power gridThreats add to worries in global marketsTehran says strait open to all but 'enemies'Air raid sirens over Israel after scores injured overnightBy Maayan Lubell, Alexander Cornwell and Idrees Ali TEL AVIV/JERUSALEM/...Reuters
57 minutes ago
RPT-Refiners in India, elsewhere in Asia look to buy Iranian oil after US waives sanctions
US waives sanctions on Iranian oil at sea for 30 daysIndia set to buy while other Asian refiners making checksAbout 170 million barrels Iranian oil on water - Kpler dataBy Nidhi Verma, Siyi Liu and Florence Tan NEW DELHI/SINGAPORE, March 21 (Reuters) - Indian refiners plan to resume buying Irania...Reuters
2 hours ago
UK's Starmer calls emergency meeting on economy as Iran war risks mount
By Andy Bruce MANCHESTER, England, March 22 (Reuters) - British Prime Minister Keir Starmer is set to chair an emergency meeting on the economic fallout from the war in Iran on Monday, with finance minister Rachel Reeves and Bank of England Governor Andrew Bailey in attendance, the government sai...Reuters
2 hours ago
CERAWEEK-Saudi Aramco boss pulls out of major international energy conference due to Iran conflict, source says
CERAWeek organizers informed of Nasser's withdrawal, source saysAramco faces biggest challenges since COVID-19 and 2019 attacksKuwait state oil firm KPC's CEO to attend virtually, source saysAbu Dhabi wealth fund Mubadala executives unlikely to attend, source saysBy Maha El Dahan and Yousef ...Reuters
3 hours ago
Cuba restores power to Havana after second grid collapse in a week
Cuba's grid collapse affects 10 million peopleU.S. oil blockade impacts Cuba's energy infrastructureCuba blames U.S. embargo for economic failuresBy Dave Sherwood HAVANA, March 22 (Reuters) - Cuba had restored power to nearly half of the capital Havana by Sunday afternoon, officials said,...Reuters
3 hours ago
EXCLUSIVE-Saudi Aramco boss pulls out of major international energy conference due to Iran conflict, source says
CERAWeek organizers informed of Nasser's withdrawal, source saysAramco faces biggest challenges since COVID-19 and 2019 attacksKuwait state oil firm KPC's CEO to attend virtually, source saysAbu Dhabi wealth fund Mubadala executives unlikely to attend, source saysBy Maha El Dahan and Yousef ...Reuters
4 hours ago
Treasury's Bessent says US has 'plenty' of funds for Iran war
Bessent rules out tax hikes to fund warExtra funding needed to ensure military is well supplied for futureBessent defends moves to remove Iran, Russia oil sanctions WASHINGTON, March 22 (Reuters) - The U.S. government has "plenty of money" to fund the war against Iran, but is requesting s...Reuters
9 hours ago
Oil prices to rise further on Monday as Mideast war escalates
Trump gives Iran 48-hour ultimatum to reopen Hormuz Trump threatens to obliterate Iranian power plantsIran says to respond with attacks on Gulf energy, desalination facilitiesOil closed near 4-year high on Friday LONDON/SINGAPORE, March 22 (Reuters) - Oil prices look set to rise further on Monday...Reuters
10 hours ago
Iran to completely close Hormuz if Trump executes threats on Iranian energy, Revolutionary Guards say
DUBAI, March 22 (Reuters) - Iran will completely shut the strategic Strait of Hormuz if U.S. President Trump executes threats to target Iranian energy facilities, the country's Revolutionary Guards said in a statement on Sunday. Trump on Saturday threatened to "obliterate" Iran's pow...Reuters
10 hours ago
Cuba begins recovery efforts after second grid collapse in a week
Cuba's grid collapse affects 10 million peopleU.S. oil blockade impacts Cuba's energy infrastructureCuba blames U.S. embargo for economic failuresBy Dave Sherwood HAVANA, March 22 (Reuters) - Cuba said it had begun efforts early on Sunday to restore power after its grid collapsed for the ...Reuters
12 hours ago
RPT-CERAWEEK-CERAWeek energy conference returns to Houston as Iran conflict rocks global energy markets
CERAWeek to address geopolitical tensions and energy securityOil prices near $120 as Middle East war rocks marketsIran's closure of Strait of Hormuz disrupts global oil supplyBy Arathy Somasekhar HOUSTON, March 20 (Reuters) - The world’s top energy executives return to Houston next week as th...Reuters
13 hours ago
Seven killed in Qatar helicopter crash due to technical malfunction, Qatari and Turkish authorities say
CAIRO, March 22 (Reuters) - Seven people have been killed in a helicopter crash in Qatar's territorial waters, Qatar and Turkey said on Sunday.The Qatari and Turkish defence ministries said the helicopter had crashed after suffering a technical malfunction, which the Qatari ministry said was dur...Reuters
13 hours ago
Iran warns of 'irreversible damage' to regional infrastructure if power plants attacked, post on X
DUBAI, March 22 (Reuters) - Critical infrastructure and energy facilities in the Middle East could be "irreversibly destroyed" should Iranian power plants be targeted, Iran's Parliament Speaker Mohammad Baqer Qalibaf said in comments posted on X on Sunday. His comments come after U.S. Pr...Reuters
14 hours ago
Philippines allows temporary use of dirtier fuel amid Middle East crisis
MANILA, March 22 - The Philippines has allowed the temporary and limited use of a cheaper but dirtier type of fuel to ensure supply as it finds ways to cope with the impact of the Middle East crisis. The Department of Energy (DOE) said only vehicles from model year 2015 and earlier, traditional jeep...Reuters
15 hours ago
CORRECTED-WRAPUP 4-Trump, Iran threaten power, energy targets as war escalates
Trump vows to 'obliterate' Iran energy facilities if it doesn't open Strait of HormuzThreat risks 'Black Monday' on global markets, warns analystIran fires long-range missiles, targets US-UK baseTehran says strait open to all but 'enemies'Iran's missile range includes...Reuters
15 hours ago
