Deal, Delay or Strike? Investors on Edge as Trump’s Iran Deadline Nears

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(Reuters) – Global markets have entered a period of heightened uncertainty ahead of a deadline set by U.S. President Donald Trump for Iran, with investors weighing various outcomes ranging from a ceasefire to renewed military escalation and their implications for oil, currencies and risky assets. Iran showed no sign of agreeing to Trump’s demand that …

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Heads of IEA, IMF, World Bank to Meet Next Monday to Discuss Energy Crisis

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(Reuters) – The leaders of the International Energy Agency, the International Monetary Fund and the World Bank will discuss the energy crisis triggered by the Iran war next Monday, IEA executive director Fatih Birol said on Tuesday. “This energy crisis calls for all hands on deck & international cooperation,” Birol said on social media platform …

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Governments Worldwide Shield Households From Rising Energy Costs

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April 7 – Governments worldwide are trying to shield consumers from soaring energy costs resulting from the U.S.-Israeli war on Iran. Here’s how different countries are responding: INDIA India will review its fuel exports if needed to ensure availability in the local markets, a government official said. India is assessing fuel-supply requests from its neighbours …

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Russia’s Major NORSI Oil Refinery Halted Operations After Sunday Drone Attack, Sources Say

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MOSCOW, April 7 (Reuters) – NORSI, Russia’s fourth-largest oil refinery, suspended operations on April 5 following a Ukrainian ​drone attack, two industry sources said ‌on Tuesday. The temporary closure of the refinery will add further uncertainty to Russia’s energy sector, which has been ​hit by continuous Ukrainian attacks, including ​those hitting its major oil exporting …

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IEA Chief: Current Oil and Gas Crisis Worse Than 1973, 1979, 2022 Together

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PARIS, April 7 (Reuters) – The current oil and ‌gas crisis triggered by the blockade of the Strait of Hormuz is “more serious than the ones in 1973, ​1979 and 2022 together”, Fatih Birol, the ​head of the International Energy Agency (IEA), told ⁠Le Figaro newspaper. “The world has never experienced ​a disruption to energy …

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It’s Time to End the World’s Delusions Over the Iran Energy Crisis: Russell

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By Clyde Russell (Reuters) – LAUNCESTON, Australia, April 7 – The U.S. and Israeli war against Iran has been characterised by a series of miscalculations by most of the involved and peripheral parties, but the real danger is the delusion over the scale of the resulting energy crisis. It is delusional of any nation to …

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US Natgas Futures Rise as Daily Production Falls, Texas Waha Prices Stay Negative

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U.S. natural gas futures edged up to a one-week high on Tuesday on a preliminary decline in daily output. That small price increase came despite forecasts for milder weather and lower demand over the next two weeks than previously expected and a daily decline in the amount of gas flowing to U.S. liquefied natural gas …

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US Hits Military Targets on Iran’s Kharg Island, Vance Says No Change to Strategy 

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U.S. strikes on Iran’s Kharg Island do not represent a change in American strategy, U.S. Vice President JD Vance said on Tuesday as a U.S. official separately told Reuters the additional strikes on military targets did not impact oil infrastructure. The official, who spoke to Reuters on condition of anonymity, described at least some of …

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Trump Says ‘A Whole Civilization Will Die tonight’ if Iran Does Not Make a Deal

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U.S. President Donald Trump once again exhorted Iran to make a deal by his Tuesday deadline, saying a “whole civilization will die tonight” if an agreement is not reached to end the conflict. “A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will,” …

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Phillips 66 Faces $900 Million Loss as Iran Crisis Lifts Oil Prices

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U.S. refiner Phillips 66 said on Monday its first-quarter results were hit by a sharp increase in commodity prices, leaving it with nearly $900 million in pre-tax mark-to-market losses, according to a filing with the Securities and Exchange Commission. Energy prices soared after the U.S.-Israeli war on Iran began in late February. Iran’s effective closure …

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