Ole Hansen, commodity strategy head at Saxo Bank, discusses the impact of the ongoing conflict in the Middle East on energy markets as oil heads for another weekly gain. Speaking on Bloomberg Television, Hansen says everything "points to a higher for longer" scenario. "It will take time to get that supply back, so higher for longer seems to be the risk right now," he adds.
Attacks on oil and gas infrastructure in the Arabian Gulf have escalated in the past two days. After a rebuke from President Trump, Israel says it will no longer target energy assets after its attack on an Iranian gas field sparked retaliatory strikes, cause oil and gas prices to surge. Crystol Energy Global Advisor, Christof Rühl, says the US is running out of methods to keep the oil price low if the Strait of Hormuz isn't reopened. He spokes to Joumanna Bercetche on Horizons Middle East and Africa.
Indian equities have slumped as the ongoing war in Iran drives energy prices sharply higher. Billionaire investor Raamdeo Agrawal, Chairman and Co Founder of Motilal Oswal Financial Services, examines where value is emerging.
African nations are scrambling to secure fuel from Nigeria's Dangote Refinery as war in the Middle East disrupts supply. The refinery is now seeing a massive surge in demand from countries like South Africa and Kenya to prevent local energy shortages. Bloomberg's Jennifer Zabasajja reports on Horizons Middle East and Africa.
ABx Group (ASX:ABX) has received formal validation for its mixed rare earth carbonate from the Deep Leads Project.
Boab Metals (ASX:BML) secured critical diesel supply for the Sorby Hills Project, ensuring construction remains on track in the East Kimberley.
Humm Group (ASX:HUM) founder Andrew Abercrombie appeals the Takeovers Panel's "unacceptable circumstances" declaration over the $385m Credit Corp bid.
US and Israeli leaders are seeking to calm markets following extensive damage to Persian Gulf energy facilities. Bloomberg's Joumanna Bercetche reports from Dubai with the latest.
The war in Iran is fueling demand for ETFs in the Asia-Pacific, with inflows jumping to the highest level in years according to data from Bloomberg Intelligence for early March. Reggie Browne, principal at market-maker GTS Securities, is sometimes known as 'Mr ETF' for his role in helping to build the industry in its early days. He discusses the trends he sees in the region on "ETF IQ Asia."
Brightstar Resources (ASX:BTR) has secured the necessary capital to propel its Western Australian gold projects toward production.
Supermarket titan Coles (ASX:COL) announced emergency amendments to its freight levy agreements.
Clara Resources Australia (ASX:C7A) entered into an option deed and sale and purchase agreement for the divestment of its Kildanga Ni-Co Project.
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