Energy
Hormuz is just a ‘dry run’ if China and U.S. go to war in the Pacific, Singapore foreign minister warns
Singapore Foreign Minister Vivian Balakrishnan (left) speaks with CNBC’s Steve Sedgwick at the CONVERGE LIVE event on April 22, 2026. CNBC Should a war break out between China and the U.S. in the Pacific, “what you are seeing in the Strait of Hormuz will be a dry run,” Singapore Foreign Minister Vivian Balakrishnan said Wednesday. […]
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White House discussing currency swap line with United Arab Emirates
Key Points The White House is considering a financial lifeline to the United Arab Emirates as the U.S. war with Iran wreaks havoc on the Gulf state’s economy, a White House official told CNBC. Such a move would provide liquidity in dollars to the oil-rich UAE, but could be politically tenuous for the administration as […]
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U.S. judge blocks Trump administration actions stymieing wind, solar projects
Wind turbines operate at a wind farm near solar panels near Palm Springs, California, on March 6, 2024. Mario Tama | Getty Images A federal judge on Tuesday blocked President Donald Trump’s administration from enforcing a series of permitting policies that wind and solar energy industry groups say have stymied the development of new energy […]
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India, South Korea aim to deepen ties amid geopolitical uncertainty. Here is what’s holding them back.
NEW DELHI, INDIA – 2026/04/20: South Korean President Lee Jae Myung heads into talks with Indian Prime Minister Narendra Modi at Hyderabad House, aiming for a big boost in economic cooperation, particularly in areas such as enhancing cooperation in semiconductors, shipbuilding, AI, defense, and securing supply chains nearly doubling bilateral trade to $50 billion by […]
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Jim Cramer gives four reasons why the market keeps shrugging off the Iran war
CNBC’s Jim Cramer said the stock market’s muted reaction to escalating tensions in the Middle East shows investors are focused on forces far bigger than geopolitics. “When you saw the news…you had to believe we were just going to get clobbered today,” the “Mad Money” host said, referring to headlines over the weekend that Iran […]
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Strait of Hormuz ship traffic briefly rose and then slowed after weekend attacks
Commercial ship traffic through the Strait of Hormuz briefly jumped over the weekend before slowing to a trickle again after several attacks on vessels. At least 20 ships transited the strait on Saturday ranging from oil tankers to dry bulk and container ships, according to data from LSEG. The big oil tanker FPMC C Lord […]
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USA Rare Earth to buy Brazil’s Serra Verde for $2.8 billion to build supply outside Asia
USA Rare Earth has announced plans to buy Brazilian rare earths miner Serra Verde in a deal worth $2.8 billion in cash and shares, as it seeks to challenge China’s dominance of the supply chain. The Oklahoma-headquartered company said it will pay $300 million in cash and $126.9 million in its own newly issued stock […]
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China calls for ‘concerted’ industry efforts to tackle excess solar production
Workers check solar panels installed on a lake in Tianchang, east China’s Anhui province on January 12, 2026. – | Afp | Getty Images China has called for “concerted efforts” to ease its solar power industry’s severe overcapacity crisis, as part of Beijing’s campaign to end a fierce price war. The proposed measures include capacity […]
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Gas prices may not drop below $3 a gallon until next year: Energy Secretary Wright
U.S. Energy Secretary Chris Wright appears before a House Appropriations Subcommittee on Energy hearing on the Trump administration’s 2027 budget request for the Department of Energy, on Capitol Hill in Washington, D.C., U.S., April 15, 2026. Nathan Howard | Reuters Energy Secretary Chris Wright on Sunday said gas prices may not drop below $3 until […]
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Iran says talks continue while it retains control of Strait of Hormuz traffic
Iran ratcheted up its rhetoric against the U.S. on Sunday, a day after it said it had reasserted control of the Strait of Hormuz. President Donald Trump confirmed peace talks with Iran are continuing, while warning Tehran not to try to use blackmail. Iran’s parliament speaker and top negotiator, Mohammad Bagher Ghalibaf, said talks to […]
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