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Oil prices are set to rise further as war in the Middle East escalates
In an aerial view, Marathon Petroleum Corp’s Los Angeles Refinery, one of the largest oil refineries in the North America, operates as gas prices rocket upward due to worldwide oil supply disruptions caused by the U.S. and Israeli attack on Iran, on March 10, 2026 in Carson, California. David McNew | Getty Images Oil prices […]
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U.K. confirms Iran fired two missiles at British-American base in Indian Ocean which failed to reach their target
The British Indian Ocean Territory (BIOT) or Chagos Islands (formerly the Oil Islands) is an overseas territory of the United Kingdom situated in the Indian Ocean, halfway between Africa and Indonesia. The largest island is Diego Garcia (area 44 km squared), the site of a joint military facility of the United Kingdom and the United […]
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Analysis: Trump’s unshackled presidency puts him at the center of the economy
US President Donald Trump and Sanae Takaichi, Japan’s prime minister, during a meeting in the Oval Office of the White House in Washington, DC, US, on Thursday, March 19, 2026. Aaron Schwartz | CNP | Bloomberg | Getty Images Japanese Prime Minister Sanae Takaichi embraced President Donald Trump on Thursday, and not just on policy […]
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United Airlines to cut more flights as it eyes oil above $100 through 2027
A United Airlines Boeing 737 MAX 8 airplane arrives at Los Angeles International Airport from Orlando on January 2, 2025 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images United Airlines is cutting more unprofitable flights over the next two quarters as it prepares for a prolonged period of high jet fuel […]
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Small cap-focused Russell 2000 becomes the first of major U.S. benchmarks to enter correction territory this year
Key Points The Russell 2000 has fallen more than 10% off its recent high, becoming the first of the major U.S. benchmarks to fall into correction territory this year. A correction is defined as a decline of more than 10% and less than 20% from a recent high. Small caps are especially sensitive to changes […]
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Wall Street banks on an unpopular Iran war pushing Trump to de-escalate soon
Wall Street sees a reason for President Donald Trump to try to resolve his war with Iran: political disapproval. Crude oil has soared (Brent is more than 50% higher), and stocks and bonds have dropped since the U.S. began its weekslong war with Iran. A growing chorus of investors now believe Trump is likely to […]
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The spring housing market is on, but mortgage rates just shot higher. Here’s what to know.
A realtor gives neighbors a tour during an open house at a home in Palm Beach Gardens, Florida, US, on Sunday, Jan. 11, 2026. Zak Bennett | Bloomberg | Getty Images Spring is traditionally the busiest season for home sales, and while this year’s market dynamics have shifted strongly in favor of buyers, broader forces […]
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The Dow’s losing streak, fertilizer prices, Novo Nordisk’s new Wegovy shot and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. In a tale of two viral hotspots, Polymarket is planning a pop-up bar in Washington, D.C., while a New York City pharmacy is seeing a surge after its feature in FX’s “Love Story.” Stock futures are down this morning after […]
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Work from home, drive slower and don’t use gas cookers: IEA advice on weathering the global energy crisis
FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. Picture taken March 24, 2016. Nick Oxford | Reuters Supply measures alone won’t be enough to mitigate “the […]
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U.S. Treasury yields edge higher as Iran war drives inflation pressure
U.S. Treasury yields edged slightly higher in early Friday trading as investors continue to navigate growing uncertainty over how the Middle East conflict is impacting the economy. The 10-year Treasury yield — the benchmark for U.S. government borrowing — rose 1.7 basis points to 4.3%. The yield on the 2-year Treasury note, which is more sensitive to […]
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