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Stock futures jump, oil prices retreat on report Trump willing to end war
The president is willing to end hostilities even if the Strait of Hormuz remains largely closed, WSJ reports
Oil prices extend gains as Trump threatens to escalate Mideast war, Iran targets Kuwaiti tankers
The West Texas Intermediate futures for May delivery extended gains, rising 3.5% to $106.44 a barrel as of 8:25 p.m. ET, on track for its biggest monthly surge since 2020.
Oil rises for a fourth day on supply cuts from widening Middle East conflict
Iran's effective closure of the Strait of Hormuz has pushed Brent futures up 59% so far in March, its highest monthly gain ever, while WTI is up 58% this month, the most since May 2020.
Medtech faces greatest polymer cost pressure as oil prices rise, says Deutsche Bank
Deutsche Bank has warned that consumables-heavy medical device companies face the greatest exposure to rising petrochemical input costs, as recent polymer price moves add a new layer of cost pressure across UK healthcare and life sciences. Analyst Kane Slutzkin notes that polypropylene and polyethene prices have risen around 35-40%, creating potential headwinds for companies whose products rely on polymer-based inputs.
Egypt says only Trump can stop war, warns oil could top $200
Egypt's President Abdel Fattah al-Sisi urged U.S. President Donald Trump on Monday to stop the Iran war and said fears of the oil price going above $200 were not exaggerated.
Oil prices head towards highest close in four years as Iran conflict shows no sign of ending
Crude prices are climbing Monday amid rising uncertainty over when the war in Iran may end.
Oil Leaps Above $115 as Widening War Stokes Growth Fears
U.S. equity futures nudged higher, while Treasury yields slipped and oil surged again, as investors fixed their attention on the implications of the Iran war for global growth.
South Korea considers nationwide driving curbs as oil prices soar
South Korea is considering extending driving curbs to the general public if global oil prices climb further, senior officials said, as authorities seek to rein in energy demand amid supply strains due to the U.S.-Israeli war with Iran.
Sintana Energy flags major resource upgrade at Namibia oil discovery
Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF, AIM:SEI) has reported a 57% increase in contingent resources at the Mopane oil complex off the coast of Namibia, lifting the explorer's net interest in the project to around 67 million barrels of oil equivalent. The upgrade follows new drilling and appraisal work by Galp Energia, the operator of the PEL 83 licence, which raised the gross 3C contingent resource from 875 million barrels to 1.38 billion barrels.
Oil Rises, Asian Equities Fall on Fears of Widening Middle East Conflict
Oil rose on fears of a widening Middle conflict that could lead to more supply disruptions while Asian equities fell on concerns that the war could slow global economic growth.
Oil Rises on Supply-Disruption Concerns Spurred by Widening Mideast Conflict
Oil rose in early trade on more supply-disruptions concerns spurred by widening Middle East conflict.
Oil prices rise again as the Iran war enters its 5th week
Oil prices rose about 3% to over $115 a barrel on Sunday. The US and Israel's war on Iran entered its 5th week.
