Traders work on the ground on the New York Stock Exchange (NYSE) in New York City, US, March 18, 2026. Brendan McDermid | Reuters S&P 500 futures and oil futures flashed an uncommon burst of exercise early Monday minutes before a market-moving social media post from President Donald Trump. At round 6:50 am in New…
In an aerial view, oil storage tanks are seen on the Big Spring Refinery on March 19, 2026 in Big Spring, Texas. Brandon Bell | Getty Images Oil prices rose in risky buying and selling on Monday as traders weighed the prospect of additional escalation after President Donald Trump’s ultimatum demanding Tehran reopen the Strait…
(*60*) President donald trump issued a 60-day waiver of a longstanding US shipping law in an try to stabilize oil markets amid the Iran battle, the White House confirmed to CNBC on Wednesday. The short-term suspension of the Jones Act “will allow vital resources like oil, natural gas, fertilizer, and coal to flow freely to…
Three weeks into the US assault on Iran, respondents to the CNBC Fed Survey forecast oil costs to stay excessive for a number of months, inflation to extend and progress to take a modest hit. But they consider the Federal Reserve might nonetheless cut charges this 12 months. The 32 respondents, together with fund managers,…
This is CNBC’s Morning Squawk e-newsletter. Subscribe here to obtain future editions in your inbox. Happy Monday. CNBC’s Brian Sullivan sat down with Treasury Secretary Scott Bessent this morning in Paris, the place Bessent simply met together with his Chinese counterpart. The Cabinet secretary stated that “logistics” might delay Trump’s planned trip to China later…
A normal view of the Port of Kharg Island Oil Terminal, 25 km from the Iranian coast within 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 US transfer to seize Kharg Island, a strategically important…
The US Navy will start escorting ships through the Strait of Hormuz as quickly as “militarily possible,” Treasury Secretary Scott Bessent advised SkyNews on Thursday. “That was always in our planning, that there’s the chance that the US Navy or perhaps an international coalition will be escorting oil tankers through,” Bessent mentioned in that interview….
The US Navy will not be prepared to escort oil tankers via the Strait of Hormuz, Energy Secretary Chris Wright advised CNBC in an interview Thursday. “It’ll happen relatively soon but it can’t happen now,” Wright mentioned. “We’re simply not ready. All of our military assets right now are focused on destroying Iran’s offensive capabilities…
High fuel costs are listed at Chevron fuel station in Los Angeles on March 9, 2026, as gasoline costs emerge amid the ongoing struggle with Iran. Frederic J. Brown | Afp | Getty Images “I don’t get any sense that inflation is decelerating,” mentioned Mark Zandi, chief economist at Moody’s. “It feels like it’s uncomfortably…
Defense Secretary Pete Hegseth on Tuesday mentioned, “Today will likely be, but once more, our most intense day of strikes inside Iran“ “Iran stands alone, and they’re badly shedding on Day 10 of Operation Epic Fury“Hegseth mentioned at a press convention on the Pentagon with Gen. Dan Cainethe chairman of the Joint Chiefs of Staff….
