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Farming insiders warn UK producers may end season early and not grow anything due to rising costs

By David Lawder and Elizabeth Howcroft PARIS, March 16 (Reuters) - Any potential delay to a planned summit this month between the U.S. and Chinese presidents would not stem from trade or shipping disputes with China but from the possibility that Donald Trump needs to remain in Washington because of the war with Iran, U.S. Treasury Secretary Scott Bessent said on Monday.

Oil and gas price hikes due to the war have rattled the global economy.

Why hasn’t the UK sent warships to the Strait of Hormuz?  The Independent

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The US is allowing the purchase of Russian oil that’s stranded at sea after the war on Iran led to higher energy prices.

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Iran war: Why gold prices are not soaring?  dw.com

From the strait of Hormuz to Malacca, global trade relies almost entirely on these five narrow waterways  Yahoo Finance UK

By Ariba Shahid KARACHI, March 16 (Reuters) - Ship-tracking data shows a Pakistan-bound oil tanker passing through the Strait of Hormuz over the weekend, indicating that some countries are able to negotiate safe passage for their vessels despite the U.S.-Israeli war on Iran. Since the war began more than two weeks ago, Iran has attacked several ships in the Gulf, in effect closing the strait, conduit for a fifth of the world's crude oil and liquefied natural gas, and driving up global energy prices. [O/R]

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Controversial legislation referred to Knesset Constitution Committee; Women of the Wall say Israel 'spitting' in the face of Diaspora Jewry The post Knesset committee advances bill expanding Orthodox control over Western Wall Plaza appeared first on The Times of Israel.

Airline says limited number of flights will operate as of March 18 between Qatari capital and dozens of destinations.

The surge of drone use in conflicts worldwide, seen most vividly in the Ukraine and Middle East wars, will accelerate the race to develop high-power laser systems that could down the devices far more cheaply than traditional defensive weapons. It is a critical issue for governments threatened by low-cost, easily obtainable drones that can wreak outsize destruction, and are usually shot down only by the most advanced -- and expensive -- missile technologies.

Oil prices dipped and equities rose on Monday as investors focused on the crucial Strait of Hormuz and the head of the IEA said more crude could be released on the market if necessary. As the Middle East war entered its third week, Wall Street opened higher while most European stocks climbed after Asian stocks mainly dipped. International benchmark Brent North Sea crude dropped back two percent to $101 after rising about three percent earlier in the day while the main US contract West Texas Intermediate plunged more than five percent to $93.37.

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Oil eases as some tankers allowed through the Strait of Hormuz  Yahoo Finance UK

March 16 (Reuters) - Japanese Foreign Minister Toshimitsu Motegi spoke by phone with U.S. Secretary of State Marco Rubio on Monday after U.S. President Donald Trump called on allies to create a coalition to reopen the vital waterway. Japan's Prime Minister Sanae Takaichi said earlier on Monday that Japan had made no decision about dispatching naval vessels to escort ships in the Middle East. An official of Japan's Foreign Ministry said there was no request from Rubio in their call for Japan to send warships.

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