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Ships stranded at Hormuz, energy crunch at home: How India’s U.S.-Israel tilt is testing ties with Iran
Indian Prime Minister Narendra Modi, The United Arab Emirates’ President Sheikh Mohamed bin Zayed Al Nahyan and Iran’s President Masoud Pezeshkian attend a family photo during the BRICS summit in Kazan on October 23, 2024. Maxim Shipenkov | Afp | Getty Images While millions of barrels of oil flow to China via the Strait of […]
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CNBC Daily Open: Strait talk from Trump
U.S. President Donald Trump speaks to the media before boarding Air Force One on March 13, 2026 at Joint Base Andrews, Maryland. Nathan Howard | Getty Images Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily Open. A lot of developments to digest from the war in […]
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European markets set to start the week higher but oil prices remain in focus
Oil prices headed for weekly gains as of Friday, despite the U.S. issuing a 30-day license for countries to buy Russian oil and petroleum products at sea. Bloomberg Creative Photos | Bloomberg Creative Photos | Getty Images LONDON — European stocks are expected to start the new trading week in positive territory despite the ongoing […]
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China talks up oil sufficiency as Trump seeks Beijing’s help on securing Hormuz energy route
An oil tanker unloads crude oil at a terminal at the port in Qingdao, in China’s eastern Shandong province on March 11, 2026. – | Afp | Getty Images BEIJING — China on Monday stressed that it had enough energy resources as the Iran war restricts oil flows through the Strait of Hormuz, and U.S. […]
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Why Trump has his sights on Iran’s Kharg Island — and what it means for the oil market
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. Fatemeh Bahrami | Anadolu | Getty Images President Donald Trump’s order to strike Iranian military assets on Kharg Island […]
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Trump signals possible delay to Beijing summit as U.S. pressures China to help reopen Strait of Hormuz
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 Beijing […]
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CNBC Daily Open: Oil infrastructure under threat as Iran war rages on?
Gas flares from an oil production platform at the Soroush oil fields with an Iranian flag in the foreground in the Persian Gulf, 1,250 km (776 miles) south of the capital Tehran, July 25, 2005. Raheb Homavandi | Reuters Hello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC’s […]
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Asia-Pacific markets set to fall as oil tops $100 amid escalating U.S.-Iran tensions
A screen displays Nikkei 225 Stock Average inside the Kabuto One building in Tokyo, Japan, on Monday, Feb. 9, 2026. Japanese stocks surged to fresh record highs, while bonds dropped, after Prime Minister Sanae Takaichi’s Liberal Democratic Party secured a landslide victory. Photographer: Kiyoshi Ota/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Asia-Pacific markets […]
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U.S. oil prices top $100 as Trump administration threatens strikes on Iran’s crude export facilities
U.S. crude prices topped $100 per barrel Sunday evening, as the Trump administration weighs military strikes on OPEC member Iran’s key oil export facilities on Kharg Island. U.S. crude oil rose 2.64% to $101.32 per barrel by 6:15 p.m. ET. Brent prices, the international benchmark, were up 2.94% to $106.17 per barrel. President Donald Trump […]
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Why the United Arab Emirates is a target for Iran’s aggression
A plume of smoke rises from the port of Jebel Ali following a reported Iranian strike in Dubai on March 1, 2026. Fadel Senna | Afp | Getty Images At least 11 countries have come under attack from Iran in retaliation for ongoing U.S. and Israeli strikes, but no country, other than Israel, has been […]
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