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Morning Bid: Shipping oil gets ever harder, costlier
9+ hour, 2+ min ago (573+ words) A look at the day ahead in European and global markets from Wayne Cole. Brent is back above $107 a barrel as the Houthis close in on the Bab el-Mandeb, the other key channel for oil exports coming out of the…...
Trump dismisses report China entities helped Iran before attack that killed US troops
12+ hour, 44+ min ago (264+ words) ABOARD AIR FORCE ONE, Sept 13 (Reuters) – U.S. President Donald Trump on Sunday brushed aside a report that Iran acquired satellite images of a base in Jordan from Chinese entities before an attack that killed three U.S. troops there in…...
Diplomacy stumbles with postponement of meeting on Strait of Hormuz proposal
14+ hour, 33+ min ago (813+ words) By Mohammed Ghobari, Nayera Abdallah and Bo Erickson ADEN/DUBAI, Sept 14 (Reuters) – Middle East diplomacy appeared to falter heading into Monday with the postponement of a meeting between Iran and other Persian Gulf powers, while fresh attacks around the region’s…...
Oil prices jump more than $3 after new strikes on Saudi, Strait of Hormuz
15+ hour, 13+ min ago (123+ words) BEIJING, Sept 14 (Reuters) - Oil prices rose more than $3 at market open on Monday, after new strikes on Saudi Arabia and on ships in the Gulf on Sunday. Brent crude futures rose $3.62, or 3.46%, to $108.23 per barrel as of 22:14 GMT (Sun... Oil…...
Analysis-Houthis’ Yemen advance leaves Gulf states with uncomfortable choice
20+ hour, 38+ min ago (955+ words) ANKARA, Sept 13 (Reuters) – The Houthi capture of Yemen’s Red Sea coastline is reshaping the balance of power in the Gulf, strengthening Iran’s hand and confronting Saudi Arabia and its neighbours with a difficult choice: absorb mounting costs or seek accommodation…...
Trump calls $5,000 payouts ‘easy’ to fit into federal budget
20+ hour, 41+ min ago (486+ words) By Bo Erickson, Chuck Mikolajczak and Padraic Halpin NEW YORK/DOONBEG, Ireland, Sept 13 (Reuters) – President Donald Trump said on Sunday the United States can afford his promise to send $5,000 to every U.S. adult should his Republican Party keep control of…...
Saudi pipeline outage threatens loss of 4% of global oil supply
1+ day, 1+ hour ago (248+ words) By Alex Lawler and Dmitry Zhdannikov LONDON, Sept 13 (Reuters) – SAUDI PIPELINE OUTAGE THREATENS LOSS OF 4% OF GLOBAL OIL SUPPLY UNLESS PUMPING RESUMES WITHIN DAYS, SAY TRADERS, SOURCES SAUDI ARABIA HAS STORAGE AT YANBU FOR JUST 5-7 DAYS OF EXPORTS, PLUS SMALLER…...
New report of attack on Strait of Hormuz shipping fans fears of threats to oil supplies
1+ day, 11+ hour ago (826+ words) By Mohammed Ghobari, Eman Abouhassira and Yasmine Ghania ADEN/DUBAI, Sept 13 (Reuters) – Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, adding to concerns about Iran-related threats to energy supplies after…...
Iran-Oman understanding does not provide for immediate reopening of Strait of Hormuz, Tasnim reports
1+ day, 20+ hour ago (141+ words) Sept 12 (Reuters) - An understanding between Iran and Oman does not provide for the immediate reopening of the Strait of Hormuz but establishes the basis on which it could reopen, an Iranian source told the semi-official Tasnim news agency on... Sept…...
No signed Hormuz deal expected yet from Oman meeting on Monday, Iranian official says
1+ day, 23+ hour ago (274+ words) Sept 12 (Reuters) – A meeting between Iran and Gulf states planned for Monday in Oman will be a chance to discuss issues including the Strait of Hormuz, but is not expected to yield a signed agreement over the blockaded waterway, a…...