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Iran Threatens to Strike Gulf Power Plants After Trump Ultimatum
TEL AVIV/JERUSALEM/WASHINGTON, March 23 (Reuters) - Iran will attack Israel's power plants and plants supplying U.S. bases in the Gulf if President Donald Trump carries out his threat to "obliterate" Iran's power network, the country's Revolutionary Guards said in a statement on Monday.
Reuters
40 minutes ago
Silver Plunges Nearly 9%, Having Previously Erased All Gains for the Year. Global Liquidity Run Is Erupting
TradingKey - Spot silver plummeted during Monday's Asian trading session, with intraday losses expanding to over 8% as prices broke below the $62 mark, hitting a new yearly low. Technical charts showed a distinct "waterfall" decline in a short period, signaling a rapid shift in market sentiment.
TradingKey
2 hours ago
Forex Today: Middle East Crisis Deepens, Gold Plunges to Fresh 2026-low
Safe-haven flows dominate the action in financial markets as tensions in the Middle East continue to escalate. In the absence of high-tier macroeconomic data releases, investors will pay close attention to geopolitical headlines on Monday.
Fxstreet
39 minutes ago
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
March 23 (Reuters) - A surge in jet fuel prices, driven by the U.S.-Israeli war on Iran, has upended the global aviation industry, prompting airlines to raise fares and revise financial outlooks.Jet fuel prices have soared from $85-$90 per barrel to $150-$200 per barrel in recent days for an indust...Reuters
15 minutes ago
Greece to announce new aid to tame impact of Iran war on consumers
March 23 (Reuters) - Greek Prime Minister Kyriakos Mitsotakis will announce on Monday new aid to support consumers from rising energy prices stemming from the Iran conflict, his office said.The government this month imposed a three-month cap on profit margins on fuel and dozens of products on superm...Reuters
29 minutes ago
METALS-Copper slides to over three-month low as Middle East war escalates
March 23 (Reuters) - Copper slid to over three-month lows on Monday, with a fresh escalation in the Middle East war keeping oil prices high after the U.S. and Iran traded threats.The most-active copper contract SCFcv1 on the Shanghai Futures Exchange closed down 2.44% at 92,100 yuan ($13,333.33) a ...Reuters
30 minutes ago
Fuel reservoir in Russia's Primorsk port on fire after drone attack, governor says
Primorsk is Russia's largest western oil export hubPrimorsk was previously attacked in SeptemberDiesel exports from the port reached 16.8 million tonnes last year MOSCOW, March 23 (Reuters) - A fuel reservoir in Baltic Sea port of Primorsk, Russia's largest western oil exporting hub, caug...Reuters
36 minutes ago
Siemens CEO says customers holding back on investments due to Iran war
Siemens CEO says customers delaying new projectsSiemens expands industrial AI partnership with AlibabaChinese open-source AI models praised for being cheaper, more customisableBy Laurie Chen BEIJING, March 23 (Reuters) - German industrial giant Siemens SIEGn.DE said on Monday that the Iran war ha...Reuters
50 minutes ago
South Africa's Thungela posts full-year loss on weaker coal prices
March 23 (Reuters) - South African collier Thungela Resources TGAJ.J on Monday posted a full-year loss, hit by the decline in coal prices.The thermal coal exporter reported a headline loss per share of 6.47 rand ($0.3752) in the year ended December 31, from headline earnings per share of 25.59 rand ...Reuters
52 minutes ago
ROI-Trump's Iran war oil shield is cracking: Bousso
By Ron Bousso LONDON, March 23 (Reuters) - U.S. President Donald Trump went into the Iran war convinced that America’s vast oil wealth would insulate the country from the kind of energy shock now battering much of the world. Four weeks into the conflict, that shield is looking fragile.Trump’s wag...Reuters
an hour ago
ROI-Every missile fired over Iran is burning through US tungsten stocks: Andy Home
By Andy Home LONDON, March 23 (Reuters) - The U.S. and Israel have used thousands of munitions in their air campaign against Iran. Most, if not all of them, contain tungsten - a super-hard metal that allows missiles to penetrate armour or underground bunkers. Unlike a tungsten carbide drill b...Reuters
an hour ago
WTI climbs above $99.00 as Middle East tensions escalate, Trump threatens Iran over Strait of Hormuz
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $99.10 during the early European trading hours on Monday. The WTI price jumps amid an escalating conflict in the Middle East.
Fxstreet
an hour ago
PRECIOUS-Gold at its weakest level this year, drops 5% on rate-hike bets
Gold down for 9th straight session after worst week in 43 yearsSilver, platinum post sharp declinesIran vows to hit Gulf infrastructure if US strikes power gridMarket bets on Fed rate hike this year surgeBy Noel John March 23 (Reuters) - Gold slid more than 5% on Monday, reaching its weakest leve...Reuters
an hour ago
BREAKINGVIEWS-Iran war will put energy barters on the table
By Antony Currie MELBOURNE, March 23 (Reuters Breakingviews) - Fatih Birol is trying to shake the world out of its complacency. In a visit to Canberra on Monday, the boss of the International Energy Agency echoed sobering comments he gave to the Financial Times last week that the U.S.-Israeli war...Reuters
2 hours ago
European gasoline heads to Asia as Iran war sparks supply fears
Traders expect tight supply in summer due to prolonged warAsian gasoline margin quadruples from pre-war to about $37/bbl By Mohi Narayan and Ahmad Ghaddar NEW DELHI/LONDON, March 23 (Reuters) - European and U.S. gasoline cargoes are heading to the Asia Pacific after Asian prices surged on tighten...Reuters
2 hours ago
Russian space craft antenna problem forces manual docking with ISS
MOSCOW, March 23 (Reuters) - An unmanned Russian cargo spacecraft has a problem with an antenna so it will have to be manually docked when it reaches the International Space Station (ISS), Russia's Roscosmos state space corporation said in a statement.A Soyuz-2.1a rocket launched the Progress MS...Reuters
2 hours ago
FOCUS-One battle after another: Iran war deals new blow to Europe's industrial heartland
Iran war ramps up energy costs for European companies Supplies of key raw materials also hit by the conflictLatest blow comes after COVID, Ukraine war and US tariffsCompanies cut costs and put investment on holdBy Christoph Steitz and Dominique Patton KLEINKARLBACH, Germany, March 23 (Reuters) - ...Reuters
2 hours ago
PRESS DIGEST-Financial Times - March 23
March 23 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines- Poste Italiane launches 10.8 billion euro bid for Telecom Italia- Solo investor Air Street raises $232 million to chase hot AI b...Reuters
2 hours ago
