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Higher gas prices from Iran war could offset bigger tax refunds from Trump’s ‘big beautiful bill’
A man pumps gas at an Exxon station as the price of oil and gas has surged amid the U.S.-Israeli conflict with Iran, in Washington, D.C., U.S., March 5, 2026. Ken Cedeno | Reuters As the Iran war continues, and traffic through the Strait of Hormuz, a key global oil shipping route, remains stalled, many […]
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British Airways to reward pilots for cutting fuel as airlines tackle higher costs
British Airways Airbus A380 Superjumbo passenger aircraft, spotted flying on final approach for landing on London Heathrow Airport runway in the United Kingdom. Nicola Economou | Nurphoto | Getty Images British Airways is offering a financial incentive to its pilots who reduce their planes’ fuel consumption, as the U.S.-Iran war continues to plague travel and […]
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Iran war will spare no major economy, says OECD — but the UK is more vulnerable than others
While the impact of the war in Iran is sparing no major global economy, the U.K. is predicted to bear the greatest economic hit of any developed market nation, according to the Organization for Economic Cooperation and Development. In its latest economic report revising growth and inflation forecasts made in December, the OECD made steep […]
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Israel says it has killed Iran naval chief overseeing Strait of Hormuz blockade
FILE PHOTO: In this photo released by the Iranian Presidency Office, President Ebrahim Raisi waves as he visits an exhibition of the Revolutionary Guard navy capabilities while accompanied by the guard’s navy commander Alireza Tangsiri, in the southern port city of Bandar Abbas, Iran, Friday, Feb. 2, 2024. Iranian Presidency Office | AP Israel’s Defense […]
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Meta’s latest verdict, space stocks, prediction market legislation and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. With their perky ears and pointy teeth, I thought no collectible could have a more unique appearance than Labubus. But after reading about the “Mystery Dumpling,” I stand corrected. Stock futures are dropping this morning after a positive day. Here […]
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Treasury yields rise as Iran ceasefire optimism fades
Treasury yields rose on Thursday as investors digested mixed messages around the state of negotiations between the U.S. and Iran. The benchmark 10-year Treasury yield was more than 5 basis points higher at 4.384%. The 30-year Treasury bond yield was up by more than 4 basis points at 4.941%. The 2-year Treasury note yield was higher by more than 5 basis […]
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What comes next? Three attack scenarios as U.S. sends thousands more troops to Middle East
A satellite view of Qeshm Island in Hormozgan Province, Iran, within the Strait of Hormuz region on January 17, 2026. Gallo Images | Gallo Images | Getty Images The U.S. is preparing to send thousands more troops to the Middle East, prompting speculation about a ground attack on Iran amid conflicting accounts of peace talks. […]
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Iran war is a ‘catastrophe,’ G7 ministers warn — but there’s little they can do to stop it
U.S. President Donald Trump arrives at the G7 summit in Kananaskis, Alberta, Canada, June 16, 2025. Kevin Lamarque | Reuters The U.S. and Israeli war on Iran is having a catastrophic impact on the global economy, European members of the G7 have warned ahead of a key summit on Thursday. Foreign ministers from the group […]
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The oil market is in ‘backwardation’ — Here’s what that means for energy prices
An Iranian security worker monitors an area in phase 19 of the South Pars gas field in Assalooyeh, on Iran’s Persian Gulf coast, on Aug. 23, 2016. Morteza Nikoubazl | Nurphoto | Getty Images Oil prices have been gripped by volatility since the U.S.-Iran war began nearly four weeks ago. But analysts say the market […]
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Trump wants to squeeze Iran into peace talks with more troops — but it may backfire, analysts say
WASHINGTON DC, UNITED STATES – MARCH 20: United States President Donald Trump (R) speaks to the press before his departs the White House en route Miami, Florida on March 20, 2026, in Washington DC. Celal Gunes | Anadolu | Getty Images Nearly a month into the Iran war, the United States is preparing to send […]
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