Earnings poised to stoke confidence in a stock market that has rebounded to all-time highs. Here’s what’s ahead
[ad_1] Just as earnings season revs into full gear, the bulls have taken hold of Wall Street amid growing hopes the U.S.-Iran war will soon end. The S & P 500 and Nasdaq Composite rallied to all-time highs not breached since January this week on news that Iran will reopen the Strait of Hormuz for […]
A ‘systemic’ jet fuel shortage is brewing in Europe — and flights could be hit hard
[ad_1] Europe’s airline industry is at risk of a “systemic” jet fuel shortage in the next few weeks if the Strait of Hormuz blockade continues, with the potential of hundreds of flight cuts, according to experts. Claudio Galimberti, chief economist at Rystad Energy, told CNBC’s Ritika Gupta on “Europe Early Edition,” on Tuesday that the […]
House Dem Sam Liccardo probes suspicious oil trades during Iran war
[ad_1] Rep. Sam Liccardo, D-Calif., attends a news conference with members of the Congressional Hispanic Caucus during the House Democrats’ 2025 Issues Conference at the Lansdowne Resort in Leesburg, Virginia, March 13, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty Images Rep. Sam Liccardo, D-Calif., is probing whether the nation’s top financial regulators are […]
Israel’s central bank chief pins hopes on peace as economic shock looms
[ad_1] The Israeli economy is facing a significant hit to growth projections as a result of the Middle East conflict — but its central bank chief is hopeful that a rapid resolution to the wars in Lebanon and Iran can help ease the shock. Speaking with CNBC’s Karen Tso at the IMF-World Bank spring meeting […]
Europe could run out of jet fuel in 6 weeks, IEA chief tells AP
[ad_1] Stock picture of a British Airways plane taking off from London Heathrow Airport. Stefan Rousseau – Pa Images | Pa Images | Getty Images The International Energy Agency’s head warned Thursday that Europe maybe has six weeks left of jet fuel as the airline industry continues to grapple with headwinds due to the Middle […]
EasyJet’s stock drops 5% as the Middle East conflict, fuel costs weigh on bookings outlook
[ad_1] EasyJet‘s stock fell on Thursday after the European airline warned the Iran war and higher fuel prices are weighing on customer bookings. The group said it took on roughly £25 million ($34 million) in additional fuel costs in March alone as global oil prices soared, and it expects airline costs to remain tied to […]
U.S. and Iran could meet in Pakistan for peace talks next week: MS NOW
[ad_1] U.S. Vice President JD Vance, right, speaks during a news conference after meeting with representatives from Pakistan and Iran, as U.S. President Donald Trump’s son-in-law Jared Kushner, left, and U.S. Special Envoy to the Middle East Steve Witkoff watch, in Islamabad, April 12, 2026. Jacquelyn Martin | AFP | Getty Images The U.S. and […]
Here are all the ways the Iran war has affected the U.S. economy so far
[ad_1] In an aerial view, the Marathon Petroleum Corp’s Los Angeles Refinery is seen on April 02, 2026 in Carson, California. Justin Sullivan | Getty Images The Iran war is starting to show up in the U.S. economy in ways both obvious and not so much, with soaring energy costs leading the impact and potential […]
Trump renews criticism of UK, saying it should ‘drill, baby, drill’ for North Sea oil
[ad_1] Conservative party leader Kemi Badenoch visits the Well-Safe Protector Oil Rig at Aberdeen’s South Harbour, on March 30, 2026 in Aberdeen, Scotland. Paul Reid | Getty Images News | Getty Images U.S. President Donald Trump has renewed his criticism of Britain’s energy policy, deriding the ruling center-left Labour government’s decision to ban licenses for […]
U.S. says Hormuz blockade ‘fully implemented,’ while signaling diplomatic off-ramp for Iran
[ad_1] ANKARA, TURKIYE – APRIL 14: An infographic titled “US warships around the Strait of Hormuz” created in Ankara, Turkiye on April 14, 2026. (Photo by Yasin Demirci/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images The U.S. blockade of Iranian ports is now fully into effect, “completely” cutting off Tehran’s international sea trade […]