@LCO26K
Worried about Strait of Hormuz inflation to come? The world economy has one word for you: Plastics
Jeff Greenberg | Universal Images Group | Getty Images The price of naphtha may not keep you up at night when you think about the inflation yet to hit the economy from the U.S.-Iran war and Strait of Hormuz closure, but perhaps it should. As gas prices continue to rise alongside crude oil, costs of petroleum derivatives […]
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New fees, fewer flights: Higher fuel prices pinch consumer budgets beyond the gas pump
USPS and United Airlines. Joe Raedle | Grace Hie Yoon | Anadolu | Getty Images As the U.S.-Iran war enters its fifth week, consumers are facing economic consequences that impact everything from travel planning to mail delivery. Companies and other organizations are increasingly preparing for an environment in which the conflict — and subsequent jolt […]
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Pricy airfare, airport chaos test travelers’ willingness to fly this year
Travelers wait in line at a Transportation Security Administration (TSA) checkpoint at George Bush Intercontinental Airport (IAH) in Houston, Texas, US, on Thursday, March 26, 2026. Mark Felix | Bloomberg | Getty Images TOKYO/NEW YORK — Genevieve Price considers herself a great flight hacker. The 35-year-old naturopathic doctor based in San Diego usually buys basic […]
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Trump calls Strait of Hormuz the ‘Strait of Trump’
President Donald Trump speaks during the Future Investment Initiative Summit in Miami, March 27, 2026. Mandel Ngan | AFP | Getty Images President Donald Trump on Friday winkingly referred to the Strait of Hormuz, the vital oil-shipping route and a key choke point in the Iran war, as the “Strait of Trump.” Iran has to […]
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Dow tumbles almost 800 points and enters correction, S&P 500 posts fifth straight losing week: Live updates
Traders work on the floor of the New York Stock Exchange on March 27, 2026. Spencer Platt | Getty Images The Dow Jones Industrial Average tumbled on Friday and fell into correction territory, while Brent topped $110 after incidents in the Strait of Hormuz exacerbated investors’ energy supply concerns and President Donald Trump’s latest comments […]
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Tech stocks suffer worst week in nearly a year, driven down by war worries, Meta legal woes
Meta Platforms Chief Executive Mark Zuckerberg (C) arrives for a meeting U.S. Sen. Majority Leader John Thune (R-SD) on Capitol Hill on March 26, 2026 in Washington, DC. Andrew Harnik | Getty Images A bad week for stocks was particularly rough for tech investors, as the Nasdaq suffered its worst weekly drop since April 2025. […]
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Economist Nouriel Roubini: Trump is likely to escalate the Iran war — risking ‘1970s stagflation’
U.S. President Donald Trump is likely to escalate the war with Iran, risking “1970s stagflation” if it does not go as planned, renowned economist and investor Nouriel Roubini told CNBC. Speaking to CNBC’s Carolin Roth at the Ambrosetti Forum in Cernobbio, Italy on Friday, Roubini — best known for predicting the 2008 Global Financial Crisis […]
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Gulf markets are splintering as the Iran war continues. Here’s what to know
A picture shows a view of the skyline in Dubai on September 12, 2024. Giuseppe Cacace | Afp | Getty Images Markets across the Gulf region have diverged sharply since the Middle East conflict began, as investors traverse big swings in energy prices and markets remain rattled by geopolitical turmoil. Saudi Arabia and Oman have […]
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Trump’s Iran extension, DHS funding deal, Anthropic’s injunction and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. If you’re as fascinated by the retail sector as I am, you’ll want to read this exclusive from CNBC’s Melissa Repko. I don’t want to spoil it, so just I’ll say that Target isn’t over its boycott woes. Stock futures […]
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India takes a ‘huge hit’ on tax revenue to keep fuel prices from surging during the Iran war
People stand in a queue to refill fuel at a gas station in Guwahati, India, on March 26, 2026. David Talukdar | Anadolu | Getty Images The Indian government’s tax revenues have taken a “huge hit” after New Delhi slashed central excise duties on fuel for domestic consumption, Petroleum and Natural Gas Minister Hardeep Singh […]
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