CNBC Daily Open: Risk-off trade back on for oil
[ad_1] Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily Open. U.S. President Donald Trump continues to dominate the news cycle, and his latest round with reporters in the Oval Office has yielded more headlines and market moves this morning. It’s only Tuesday and already it’s been […]
Why traders are getting nervous about Iran’s $200 oil warning as the conflict drags on
[ad_1] Energy analysts and traders said Monday that they wouldn’t be surprised if oil prices climb to as high as $200 per barrel as the sprawling Middle East crisis drags on. It comes as the U.S. and Israeli-led war on Iran continues to disrupt oil production and shipping in the region , with traffic through […]
Trump signals possible delay to Beijing summit as U.S. pressures China to help reopen Strait of Hormuz
[ad_1] U.S. President Donald Trump prepares to greet Chinese President Xi Jinping ahead of a bilateral meeting at Gimhae Air Base on October 30, 2025 in Busan, South Korea. Andrew Harnik | Getty Images U.S. President Donald Trump said his planned trip to China later this month could be delayed as Washington sought to pressure […]
Price caps, taking the stairs, and short-sleeved shirts: How countries are coping with the Iran war energy shock
[ad_1] A fuel nozzle is inserted into a combustion engine at a petrol pump at a filling station during a refueling process. Picture Alliance | Picture Alliance | Getty Images Countries around the world have scrambled to cope with the fallout of the energy shock from the Iran war, imposing measures from fuel export bans, […]
Iran vows to kill Israel’s Netanyahu as impact of war on Gulf region widens
[ad_1] AT SEA – MARCH 02: (EDITOR’S NOTE: This Handout image was provided by a third-party organization and may not adhere to Getty Images’ editorial policy.) In this handout photo provided by the U.S. Navy, EA-18G Growler, attached to Electronic Attack Squadron (VAQ) 133, launches from the flight deck of Nimitz-class aircraft carrier USS Abraham […]
Pete Hegseth on Strait of Hormuz: ‘Don’t need to worry about it’
[ad_1] U.S. Secretary of Defense Pete Hegseth holds a briefing amid the U.S.-Israeli conflict with Iran, at the Pentagon in Washington, D.C., U.S., March 2, 2026. Elizabeth Frantz | Reuters Defense Secretary Pete Hegseth on Friday brushed aside concerns that the effective closure of the Strait of Hormuz because of the Iran war, which has […]
Iran Supreme Leader Mojtaba Khamenei has verified account on X, Elon Musk’s platform
[ad_1] Mojtaba Khamenei; the son of the Iranian Supreme Leader Ayatollah Ali Khamenei; is seen in Tehran; Iran; on December 14; 2016. Reza B | Afp | Getty Images Iran’s new supreme leader, Ayatollah Mojtaba Khamenei, has a new “verified” account on X, the influential social media platform owned by Elon Musk. Khamenei, whose X […]
‘Please, please, please’: Denmark urges citizens to avoid driving as oil prices spike
[ad_1] Gasoline prices at a Uno-X gas station in Copenhagen, Denmark, on March 9, 2026. Nurphoto | Nurphoto | Getty Images Denmark’s energy minister urged citizens of the Scandinavian country to cut back on energy use and ditch cars as the price of oil continues to skyrocket amid the Middle East conflict. Lars Aagaard, Denmark’s […]
Three more ships struck in the Persian Gulf as Iran warns of oil prices hitting $200
[ad_1] Commercial vessels are pictured offshore in Dubai on March 11, 2026. AFP | Getty Images Three more foreign ships were struck in the Persian Gulf overnight, authorities said, as attacks intensify on vessels sailing through or near the strategically vital Strait of Hormuz. The latest incidents come after three separate vessels sustained damage in […]
The Iran war is pushing up European energy prices. Here’s why a Ukraine-style inflation shock could still be avoided
[ad_1] The energy price shock that followed Russia’s invasion of Ukraine four years ago is fresh in the minds of European policymakers as the conflict in Iran once again drives oil and gas prices higher. Experts, however, think this time could be different. Fears of a full-blown energy crisis on that scale — which saw […]