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Oil and gas prices surge as Iran war disrupts Middle Eastern output
Brent ends up nearly 7%, US crude gains 6%Iran's Revolutionary Guards threaten to torch ships in Strait of HormuzAttacks force closures in Saudi Arabia, Qatar Hundreds of ships moored in Gulf, data showsEuropean gas benchmark rises more than 40%; US natgas prices riseBy Nicole Jao NEW YORK, M...Reuters
2 hours ago
Lebanon bans Hezbollah military actions after attack on Israel
Israel launches airstrikes on Hezbollah-controlled areas in LebanonHezbollah attacks Israel to avenge Iranian leader's deathLebanese PM demands Hezbollah disarm and cease military actionsAnalyst sees move as 'historic', says 'a clash is possible'Hezbollah politician rejects gover...Reuters
4 hours ago
Travel stocks tumble as US-Iran conflict sparks worst disruption since pandemic
Global travel shares plunge Passengers worldwide stranded as conflict hits airlinesOil prices surge to highest in months By Joanna Plucinska, Byron Kaye and Samuel Indyk LONDON/SYDNEY, March 2 (Reuters) - Travel shares tumbled on Monday, shedding $22.6 billion as escalating conflict between the U...Reuters
5 hours ago
JPMorgan, Citi ask employees in Middle East to work from home as tensions flare, sources say
By Utkarsh Shetti and Pritam Biswas March 2 (Reuters) - JPMorgan and Citigroup employees in the Middle East have been asked to work from home as tensions escalate amid the U.S.-Israeli air war against Iran, two sources familiar with the matter told Reuters on Monday.Both the U.S. lenders do not e...Reuters
8 hours ago
Three Major US Stock Index Futures Collectively Narrow Premarket Losses; Dollar Continues to Strengthen on Safe-Haven Sentiment
TradingKey - Pre-market losses for the three major US stock index futures narrowed as risk-off sentiment receded from its peak toward rationality. The stabilization of the indices was primarily supported by heavyweight stocks and defensive sectors, reversing the downward trend in index futures. Previously, Nasdaq futures had dropped over 2%; as of press time, the decline narrowed to 1.2%. Meanwhile, losses for Dow Jones and S&P 500 futures both narrowed to less than 1%.
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9 hours ago
Oil prices to remain high for days with Strait of Hormuz in spotlight, analysts say
March 2 (Reuters) - Analysts expect oil prices to remain elevated over the coming days while markets focus on the impact of escalating Middle East conflict on supplies through the Strait of Hormuz, a conduit for more than 20% of global oil. Citi sees Brent crude trading between $80 and $90 a barReuters
10 hours ago
Ukraine-Russia peace talks still expected this week, Zelenskiy says
A new round of U.S.-brokered peace talks between Ukraine and Russia, scheduled for week, has not been canceled following the weekend strikes on Iran by the U.S. and Israel, Ukrainian President Volodymyr Zelenskiy said on Monday.Reuters
10 hours ago
Putin will relay UAE president's complaints about Iranian strikes to Tehran, Kremlin says
MOSCOW, March 2 (Reuters) - Russian President Vladimir Putin told UAE President Mohammed bin Zayed Al Nahyan in a phone call on Monday that he was ready to relay his complaints about Iranian strikes against UAE territory to Tehran, the Kremlin said.It cited the UAE leader as saying that his country ...Reuters
10 hours ago
Iran conflict widens to Lebanon; Kuwait mistakenly shoots down US jets
Hezbollah joins conflict, Israel hits back Iran's army says missiles target US air base in Kuwait It says 'enemy vessels' also targetedKuwait says hostile drones interceptedExplosions heard Tehran, Doha, Dubai Air raid sirens sound across Israel By Laila Bassam and Parisa Hafezi BEIRU...Reuters
10 hours ago
Escalating tensions turn spotlight on Big Tech's AI investments in Middle East
The expanding U.S.-Israeli air war against Iran has sparked fresh uncertainty in a region that has attracted billions of dollars of investment commitments as it positioned itself as a global technology and artificial intelligence hub.Reuters
10 hours ago
FOREX-US dollar gains as Iran conflict fuels safe‑haven demand, higher oil
Investors focus on oil prices and their economic impactSafe‑haven bids and higher energy prices support the dollarEuro and yen remain under pressureSwiss franc extends fall to 1% vs dollar, drops against euroBy Stefano Rebaudo March 2 (Reuters) - The U.S. dollar rose against the euro, yen and SwiReuters
10 hours ago
Single-Day Surge of Over 260%? Multiple Energy Small-Cap Stocks Soar Pre-Market, Geopolitical Risks Drive Up Risk Premium
TradingKey - During Monday's U.S. pre-market trading session, several small-cap energy stocks surged significantly. According to the pre-market top gainers list, companies including Battalion Oil, Trio Petroleum, Indonesia Energy, and US Energy all saw share price increases of over 30%, while TMD Energy soared by more than 260%. This indicates a concentrated inflow of short-term capital into the energy sector.
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10 hours ago
Middle East Conflict Persists, Global Stocks Slump, US Index Futures Narrow Declines, Gold Pulls Back After Breaking $5,400
TradingKey - Global stock markets (excluding China's Shanghai Composite Index) plunged on Monday, while international oil prices saw their largest single-day gain in four years. Safe-haven assets rallied across the board as the sharp escalation of tensions in the Middle East injected a new round of uncertainty into global financial markets.
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11 hours ago
UK working on plans to help its citizens leave Gulf countries
Cooper says UK exploring evacuation options for citizens in GulfBritish nationals advised to shelter in placeIranian-made drone strike hits British RAF base in Cyprus LONDON, March 2 (Reuters) - British foreign minister Yvette Cooper said on Monday that her team was looking at all options, includ...Reuters
12 hours ago
Aerospace parts maker Senior raises dividend 30% as profit tops forecasts
Senior raises final dividend by 30%Says outlook for 2026 unchangedShares fall as much as 4.7% CEO says supply chain is not exposed to the Middle EastBy Simone Lobo March 2 (Reuters) - Britain's Senior SNR.L raised its final dividend by 30% on Monday after annual profit beat expectations, help...Reuters
12 hours ago
Occidental Petroleum Surges 7% Pre-Market, Risk-Off Sentiment Still Dominates Mainstream Trading.
TradingKey - Impacted by ongoing geopolitical tensions in the Middle East, Occidental Petroleum surged 7% in pre-market trading before pulling back to nearly 6%. The persistent conflict has driven oil prices higher, directly benefiting the company. This, coupled with capital preference for safe-haven assets, has collectively pushed the stock price upward.
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13 hours ago
European gas prices soar more than 25% on Middle East conflict
LONDON, March 2 (Reuters) - Benchmark Dutch and British wholesale gas prices rose more than 25% on Monday morning, after Iran and Israel stepped up attacks in the Middle East and on the suspension of many energy shipments through the Strait of Hormuz.Reuters
13 hours ago
Euro zone factory growth hit 44-month high in February, PMI shows
LONDON, March 2 (Reuters) - Euro zone manufacturing expanded at its fastest pace in nearly four years last month as new orders bounced and factory output rose although rising cost pressures squeezed margins, a survey showed on Monday.Reuters
14 hours ago
