Iran
Trump wants U.S. Navy to escort tankers through the Gulf. Why that plan may not work
President Donald Trump is ready to use the U.S. Navy to escort oil tankers through the Strait of Hormuz as the war against Iran rages, but providing safe passage to the volume of traffic that typically passes through the waterway will prove challenging. U.S. oil prices have surged 28% to above $86 a barrel this […]
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Dubai real estate magnate: There could be a property cooldown, but I don’t see it
Dubai’s property market could see a “cooldown,” one of the UAE’s largest developers has said, as he insisted “smart capital” would keep investing despite Iranian missile strikes. Mohamed Alabbar, founder of Emaar Properties, the company behind the Burj Khalifa skyscraper, told CNBC’s Dan Murphy that “there could be a bit of a cooldown, but I […]
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How Iran and Venezuela strikes transform the Trump-Xi trade talks
TOPSHOT – US President Donald Trump (L) and China’s President Xi Jinping arrive for talks at the Gimhae Air Base, located next to the Gimhae International Airport in Busan on October 30, 2025. Donald Trump and Chinese leader Xi Jinping will seek a truce in their bruising trade war on October 30, with the US […]
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Maersk, a bellwether for global trade, suspends two key shipping services due to Iran war
The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California. Justin Sullivan | Getty Images Danish shipping giant Maersk on Friday temporarily suspended two services linking the Middle East to Asia and Europe as the Iran war continues to disrupt global supply chains. The company, widely […]
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UAE mulls freezing Iranian assets as Middle East conflict escalates: WSJ
The Damac Heights real estate development, right, in the Dubai Marina in Dubai, United Arab Emirates, on Friday, Feb. 20, 2026. Bloomberg | Bloomberg | Getty Images The United Arab Emirates is considering cutting off Iranian access to billions of dollars held in the Gulf state, the Wall Street Journal reported Thursday. The move could […]
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China dials down growth ambitions with decades-low target. Here’s why
A Chinese People’s Liberation Army (PLA) soldier stands guard in front of the National Museum of China in Beijing on March 3, 2025, ahead of the country’s annual legislative meetings known as the “Two Sessions.” Pedro Pardo | Afp | Getty Images China has set its lowest growth target in decades, acknowledging domestic challenges and […]
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CNBC Daily Open: Oil surges as Iran war enters seventh day
Storage tanks are seen at Marathon Petroleum’s Los Angeles Refinery, which processes domestic and imported crude oil, in Carson, California, on March 11, 2022. Bing Guan | Reuters What you need to know today Crude oil crossed $80 per barrel Thursday, as the Iran war enters its seventh day and continues disrupting global fuel supplies. […]
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House rejects war powers resolution to rein in Trump on Iran
Speaker of the House Mike Johnson, R-La., speaks with the media on the day of classified briefings for the Senate and House of Representatives on the situation in Iran, on Capitol Hill in Washington, March 3, 2026. Kylie Cooper | Reuters The House of Representatives on Thursday rejected a war powers resolution to restrict President […]
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Iran foreign minister: Not asking for cease fire, warns U.S. invasion ‘would be a big disaster for them’
Iran’s foreign minister Abbas Araghchi, speaks during a press conference at the Lutfi Krdar Congress Center on the sideline of the 51st session of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC), in Istanbul on June 22, 2025. Ozan Kose | Afp | Getty Images Iran’s foreign minister said Thursday that […]
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U.S. crude oil tops $79 per barrel after Iran says it attacked a tanker
U.S. crude oil prices on Thursday broke above $79 per barrel after Iran claimed to have attacked a tanker. The price of West Texas Intermediate oil was last up 6.86%, or $5.12, at $79.78 per barrel, while global benchmark Brent rose 4.31%, or $3.51, to $84.91 per barrel at 11:30 a.m. ET. Oil prices have […]
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