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Wall Street inches higher and oil edges lower before the bell despite flare-up in Iran war

Wall Street inches higher and oil edges lower before the bell despite flare-up in Iran war

Wall Street rebounded and oil prices retreated as tensions escalated in the war between the U.S. and Iran

Shares slide, oil prices elevated as US-Iran truce prospects dim

Shares slide, oil prices elevated as US-Iran truce prospects dim

By Rae Wee SINGAPORE, May 5 (Reuters) - Stocks in Asia slid on Tuesday while oil prices eased but remained well above $100 a barrel, as the U.S. and Iran continue to work towards a truce while at the same time trading blows over the Strait of Hormuz.

Wall Street hesitates and oil prices climb with uncertainty about the Strait of Hormuz

Wall Street hesitates and oil prices climb with uncertainty about the Strait of Hormuz

U.S. stocks are holding tentatively near their record heights, while oil prices climb with uncertainty about when oil tankers can resume crossing the Strait of Hormuz and restore the world’s flow of crude

ANA to Retire Boeing 777-300s by 2027 Amid Fleet Renewal Strategy

ANA to Retire Boeing 777-300s by 2027 Amid Fleet Renewal Strategy

All Nippon Airways (ANA) has announced plans to retire its final three Boeing 777-300 aircraft by the end of the 2026 fiscal year. This move is part of a broader fleet renewal strategy that will also see the exit of its 737-800s. The 777-300s, which have been in service since 1998 and 1999, are configured for domestic flights with a high-density layout of 514 seats. The airline plans to focus on a fleet centered around the Boeing 787, of which it operates all three variants. Additionally, ANA will begin receiving new Airbus A320neos and De Havilland Canada Dash 8-400s for its regional unit, ANA Wings. The airline's parent company, ANA Holdings, reported a record operating profit of Y217 billion, driven by strong passenger demand and the acquisition of Nippon Cargo Airlines.

World shares are mixed, with sharp gains for tech stocks, while oil prices bounce back

World shares are mixed, with sharp gains for tech stocks, while oil prices bounce back

Shares are mixed in Europe and Asia, with big gains for computer chipmakers and other tech stocks

Japan and Australia Strengthen Cooperation Amid Global Supply Chain Threats

Japan and Australia Strengthen Cooperation Amid Global Supply Chain Threats

Japanese Prime Minister Sanae Takaichi and Australian Prime Minister Anthony Albanese have agreed to deepen cooperation in energy security, defense, and critical minerals. This decision comes as the ongoing conflict involving Iran threatens global supply chains. The leaders discussed strategic issues, including the impact of the Strait of Hormuz's closure on the Indo-Pacific region. Australia, a major supplier of liquefied natural gas to Japan, aims to ensure stable energy supplies amid disruptions. The agreement also addresses concerns over China's control of critical minerals, essential for industries like defense and electric vehicles.

Factbox-Airlines cancel flights in response to Middle East conflict

Factbox-Airlines cancel flights in response to Middle East conflict

May 4 (Reuters) - Middle Eastern carriers have ramped up capacity after severe disruption from the Iran war, while airlines outside the Gulf reroute flights between Europe and Asia away from major hubs in the region.

Wall Street pulls back and oil prices as tensions rise in the war with Iran

Wall Street pulls back and oil prices as tensions rise in the war with Iran

U.S. stocks are pulling back from their record heights, while oil prices jump with uncertainty about when oil tankers can resume crossing the Strait of Hormuz and restore the world’s flow of crude

Morning Bid: Gulf singe, AI binge

Morning Bid: Gulf singe, AI binge

By Mike Dolan May 5 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Gulf tensions flared on Monday as U.S. attempts to shepherd ships through the Strait of Hormuz met resistance from Iran, including an attack on a UAE oil port.

US stock futures mixed as Middle East risks remain in focus

US stock futures mixed as Middle East risks remain in focus

May 4 (Reuters) - U.S. stock index futures were mixed on Monday, pointing to a cautious start to the week as investors assessed the growing U.S.-Iran standoff over the Strait of Hormuz, the crucial oil shipping route that remains shut.

Wall Street drops from its records and oil prices jump as uncertainty rises about the Iran war

Wall Street drops from its records and oil prices jump as uncertainty rises about the Iran war

U.S. stocks are falling from their record heights, while oil prices jump following escalations in the Middle East that may be undermining the ceasefire in the war with Iran

Japan's Taiyo Oil to Import Russian Sakhalin-2 Crude Amidst Geopolitical Tensions

Japan's Taiyo Oil to Import Russian Sakhalin-2 Crude Amidst Geopolitical Tensions

Taiyo Oil, a Japanese refinery, is set to receive a shipment of crude oil from Russia's Sakhalin-2 project. This move comes as Japan seeks alternative oil sources due to disruptions in traditional supply routes caused by the ongoing U.S.-Israeli conflict with Iran. The Sakhalin-2 project, primarily a liquefied natural gas producer, is partially exempt from U.S. sanctions until June 18, allowing Japan to continue these imports. The shipment is expected to arrive in Ehime Prefecture, Japan, on May 4. This decision reflects Japan's broader strategy to diversify its energy sources, especially as the Strait of Hormuz remains largely inaccessible due to the conflict.