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’s ‘oil lifeline’ has been left untouched in the conflict. What happens if it’s seized?
[ad_1] A general view of the Port of Kharg Island Oil Terminal, 25 km from the Iranian coast in the Persian Gulf and 483 km northwest of the Strait of Hormuz, in Iran on March 12, 2017. Anadolu | Anadolu | Getty Images The prospect of a U.S. move to seize Kharg Island, a strategically […]
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 […]
U.S. ‘misadventure’ in Iran has no clear exit strategy, Russia’s UK ambassador says
[ad_1] Ambassador of the Russian Federation to the UK Andrei Kelin during an interview with PA at the official residence of the Russian Ambassador in London. Picture date: Monday February 21, 2022. Aaron Chown – Pa Images | Pa Images | Getty Images The U.S.-Israeli war on Iran is a “misadventure” whose goals and exit […]
Flights are already getting more expensive after jet fuel spike. When should you book?
[ad_1] Travelers wait in line at a Transportation Security Administration (TSA) checkpoint at William P. Hobby Airport in Houston, Texas, US, on Monday, March 9, 2026. Mark Felix | Bloomberg | Getty Images The surge in fuel prices since the U.S. and Israel attacked Iran nearly two weeks ago is already driving up airfare. Consumers’ […]
‘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 […]