Cargo ship struck by a projectile in the Strait of Hormuz, UK says
[ad_1] Naval units from Iran and Russia carry out to simulation of rescue a hijacked vessel during the joint naval drills held at the Port of Bandar Abbas near the Strait of Hormuz in Hormozgan, Iran on February 19, 2026. Anadolu | Anadolu | Getty Images A cargo ship in the Strait of Hormuz has […]
Oil tankers transiting Strait of Hormuz ‘must be very careful,’ Iran foreign ministry warns
[ad_1] Oil tankers passing through the Strait of Hormuz “must be very careful,” the spokesman for Iran’s Ministry of Foreign Affairs warned on Monday. The spokesman, Esmail Baghaei, also defended Iran’s attacks on Gulf States, telling CNBC that targeting “military bases and assets” belonging to the United States in the region is “legitimate under international […]
‘Sky is the limit’: Analysts warn oil prices could surge further
[ad_1] Women members of Iran’s Red Crescent society stand near smoke plumes from an ongoing fire following an overnight airstrike on the Shahran oil refinery in northwestern Tehran on March 8, 2026. – | Afp | Getty Images Analysts warned on Monday that there was no precedent for the surging price of oil, as the […]
Congressional Democrats demand reversal of Russian oil sales into India as energy prices soar
[ad_1] U.S. Sen. Ruben Gallego (D–AZ) speaks during the “People’s State of the Union” event ahead of U.S. President Trump’s State of the Union address in Washington, D.C., U.S., Feb. 24, 2026. Elizabeth Frantz | Reuters Congressional Democrats are demanding that the Trump administration immediately reverse a sanctions waiver allowing Indian refiners to purchase Russian […]
Energy prices will fall when U.S. destroys Iran’s ability to attack tankers in Strait of Hormuz: Wright
[ad_1] U.S. Energy Secretary Chris Wright pumps gas at a gas station in Corpus Christi, Texas, U.S., February 27, 2026. Sheila Dang | Reuters Energy Secretary Chris Wright said oil and gas prices will begin to fall when the U.S. begins to knock out Iran’s ability to hinder tanker traffic through the Strait of Hormuz, […]
Trump says no deal with Iran to end war without ‘unconditional surrender’
[ad_1] U.S. President Donald Trump takes questions from the media during a bilateral meeting with German Chancellor Friedrich Merz in the Oval Office of the White House on March 03, 2026 in Washington, DC. Win Mcnamee | Getty Images President Donald Trump said in a social media post on Friday that there would be no deal […]
CNBC’s UK Exchange newsletter: FTSE 100’s defensive slant comes into its own
[ad_1] This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch It was no surprise, when equity markets first reacted to news of the strikes on Iran, that the U.K.’s FTSE 100 fell by less than all of its major continental European peers. What is often seen as the Footsie’s […]
What next for global markets as oil surges and stocks plunge on Middle East conflict
[ad_1] Assets from stocks to bonds sold off across the globe on Tuesday, as the intensifying conflict in the Middle East fueled risk-off sentiment. It came as the U.S.-Iran war entered its fourth day , marked by more missile and drone strikes across the region and a warning from U.S. President Donald Trump that the […]
Middle East war sends natural gas prices soaring, raising growth shock risk for Europe and Asia
[ad_1] A prolonged surge in natural gas prices triggered by the ongoing war in the Middle East risks denting European growth and hitting some Asian economies hard, analysts have warned. Global gas prices have soared this week amid fears of a lengthy disruption to energy flows through the Strait of Hormuz — a key shipping […]
Oil supertanker rates hit all-time high as Iran pledges to close the Strait of Hormuz
[ad_1] Commercial ships anchor off the coast of the United Arab Emirates due to navigation disruptions in the Strait of Hormuz, Dubai on March 2, 2026. Stringer | Anadolu | Getty Images Oil supertanker costs in the Middle East climbed to their highest level on record as conflict between the U.S. and Iran disrupts shipping […]