Oil rebounds as fragile ceasefire, Hormuz concerns keep supply risks elevated
LONDON, April 9 (Reuters): Oil prices rose over 3 per cent on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted, with shippers hesitant to resume transit.Brent crude futures were up $3.41, or 3.6 per...
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Gold up as markets gauge US-Iran ceasefire
Gold edged higher on Thursday, with investors assessing a tenuous ceasefire between the US and Iran as fighting in the Middle East continues, while looking ahead to key US inflation data amid price pressures, reports Reuters.Spot gold edged 0.3 per cent higher to $4,728.18 per ounce, as of 0951 GMT,...
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Iran announces alternative routes in Hormuz strait
TEHRAN, April 9 (AFP): Iran announced alternative routes on Thursday for ships travelling through the Strait of Hormuz, citing the risk of sea mines in the main zone of the vital waterway.Tehran has agreed to temporarily reopen the strait, through which one-fifth of the world's oil usually passes, as part...
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Clean power cushions UK as gas prices surge: report
LONDON, April 9 (AFP): Britain has been cushioned from surging gas prices since the start of the Middle East war due to its growing use of renewable energy, according to a new report Thursday.Clean energies cut national gas purchases by œ7 million ($9.4 million) a day compared to the last...
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India aiming to cut steel emissions by 25pc
NEW DELHI, April 9 (Reuters): India's steel mills aim to cut carbon emissions by about a quarter over the next decade and reduce reliance on coal, while the world's second-biggest producer of the alloy plans to more than double output, according to a document seen by Reuters.Under the proposed "National...
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