Month: March 2026
Congressional Democrats demand reversal of Russian oil sales into India as energy prices soar
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 oil […]
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Iran’s strategic oil island thrust into the spotlight as Middle East conflict escalates
A support vessel maneuvers near the crude oil tanker ‘Devon’ as it sails through the Persian Gulf towards Kharq Island oil terminal to transport crude oil to export markets in Bandar Abbas, Iran, on Mar. 23, 2018. Ali Mohammadi | Bloomberg | Getty Images Iran’s Kharg Island, a small but strategically vital strip of land […]
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Nvidia backs AI data center startup Nscale as it hits $14.6 billion valuation
AI data center startup Nscale has raised $2 billion at a $14.6 billion valuation, the company announced on Monday, as the AI infrastructure boom continues. The Series C featured Nvidia and was led by Aker ASA and 8090 Industries. It also featured Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, and Point72. […]
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CNBC Daily Open: Oil storms past $100 for first time since 2022
Traders work at the New York Stock Exchange on March 2, 2026. NYSE What you need to know today Crude oil finally did what analysts have been warning about in the past week: it blew past $100 per barrel on Sunday as Iran continues its closure of the critical Strait of Hormuz. It was the […]
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Why China can withstand oil’s surge past $100 more easily than other countries
Key Points The latest Middle East tensions shed light on how the world’s three largest oil consumers have taken different approaches to energy. China has gradually increased the share of renewables in its total energy demand, more than the U.S. and India. China is the world’s largest oil importer, but it relies less on energy […]
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European markets set to slump on Middle East turmoil as oil price surges
Vadimrysev | Istock | Getty Images LONDON — European stocks are expected to start the new trading week heavily lower as traders track developments in the Middle East and a surge in oil prices. The U.K.’s FTSE index is seen opening 0.9% lower while Germany’s DAX is seen down 2.67%, France’s CAC 40 down 2.3% […]
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U.S. orders staff to leave Saudi Arabia as Iran war spreads and oil surges above $110
Smoke rises from the site of airstrikes in a central area of the Iranian capital Tehran on March 6, 2026. Atta Kenare | Afp | Getty Images The U.S. government ordered non-emergency government employees to leave Saudi Arabia as the war engulfing Iran widened across the Middle East, pushing oil prices above $110 per barrel […]
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China consumer inflation hits three-year high as producer deflation eases
BEIJING, CHINA – NOVEMBER 6: Women wearing Qing Dynasty-style costumes take photos inside the Forbidden City on November 6, 2025, in Beijing, China. Cheng Xin | Getty Images News China’s consumer inflation recorded the biggest jump in more than three years, as an extended holiday bolstered spending while deflation in factory-gate prices moderated. The consumer […]
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TSA staff shortages lead to hourslong security lines for travelers at some airports
A woman travelling hands her travel documents to a TSA officer at Los Angeles International Airport on May 7, 2025. Frederic J. Brown | AFP | Getty Images Travelers struggled with hours-long security lines at some airports as officials warned of Transportation Security Administration staffing shortages amid the partial government shutdown. Houston’s William P. Hobby Airport told […]
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CNBC Daily Open: Oil surges past $100 per barrel as Iran war rages
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 3, 2026. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters What you need to know today Crude oil finally did what analysts have been warning about in the past week: it blew past $100 per barrel on Sunday as […]
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