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Asia-Pacific markets rise in Easter trade on hopes for Hormuz reopening
Asia-Pacific markets traded higher Friday, after news that Iran and Oman were drafting a protocol to “monitor transit” through the Strait of Hormuz raised hopes that the crucial waterway could partially reopen. Tanker traffic through the key oil-shipping route “should be supervised and coordinated” with the two countries, said Kazem Gharibabadi, Iran’s deputy foreign minister of […]
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Brent oil spot price for actual cargo soars to $141, highest level since 2008 financial crisis
The spot price for current physical cargoes of Brent crude oil soared Thursday to $141.36, the highest level since the 2008 financial crisis, according to S&P Global, which tracks the data. The spot price reflects the demand for Brent oil that will be delivered in the next 10 to 30 days. The high price for […]
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Trump’s Iran war speech paints a grim picture for oil markets with more than 600 million barrels at risk
President Donald Trump has doubled down on the U.S. war against Iran, spiking oil prices Thursday as traders prepare for a longer conflict that will exacerbate the already deep disruption to global energy supplies. The oil market had hoped Trump would present a clear exit strategy during his national address Wednesday night. Instead, the president […]
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Amazon to add 3.5% fuel and logistics surcharge for sellers as Iran war drives up energy prices
An Amazon employee works to fulfill same-day orders during Cyber Monday, one of the company’s busiest days, at an Amazon fulfillment center in Orlando, Florida, on Dec. 2, 2024. Miguel J. Rodriguez Carrillo | Getty Images Amazon is adding a 3.5% “fuel and logistics-related surcharge” to fees it collects from third-party sellers who use its […]
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Iran and Oman drafting protocol to ‘monitor’ Hormuz Strait traffic: IRNA
A satellite view of the Strait of Hormuz, a strategic waterway between Iran and Oman that links the Persian Gulf to the Arabian Sea. Gallo Images | Getty Images Iran and Oman are drafting a protocol to “monitor transit” through the Strait of Hormuz, Iranian state news agency IRNA reported Thursday morning, citing an official. […]
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Grocery shock on the horizon for approaching U.S. elections as Iran war drags on
A customer shops in a grocery store on March 11, 2026 in Miami, Florida. Joe Raedle | Getty Images Rising grocery prices in the U.S. as the result of the Iran war could be among the most politically damaging outcomes of the conflict just months before a critical U.S. election. Two years earlier, President Donald […]
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Trump’s address, SpaceX IPO, Sam’s Club membership prices and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. It’s the one-year anniversary of President Donald Trump’s initial tariff unveiling, what the president dubbed “liberation day.” Stock futures are falling this morning. The three major indexes are coming off another winning day. Here are five key things investors need […]
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Trump’s Iran speech ignores the risks of a return to the 1970s: Analysis
Demonstrators hold posters of Ayatollah Khomeini outside the American Embassy which is occupied by ‘students following the Imam Khomeini’s line on November 16, 1979 in Tehran, Iran. Kaveh Kazemi | Hulton Archive | Getty Images “The hard part is done,” President Donald Trump said in his address to the nation Wednesday night about the Iran […]
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Stocks making the biggest moves premarket: Exxon Mobil, Carnival, Delta, General Motors and more
Check out the companies making the biggest moves in premarket trading: Oil stocks — Shares of energy companies jumped alongside the move higher in oil prices , which surged more than 7% after President Donald Trump’s speech Wednesday night indicated the war in Iran would continue. APA gained 4.3%, while Diamondback Energy , ConocoPhillips , […]
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Iran’s war propaganda homes in on Trump with Lego memes
Young Iranian women walk past a state building covered with a giant anti-U.S. billboard depicting a symbolic image of the destroyed USS Abraham Lincoln aircraft carrier, in downtown Tehran, Iran, on Feb. 26, 2026, the final day of Iran-U.S. talks that take place in Geneva. Morteza Nikoubazl | Nurphoto | Getty Images Wartime propaganda has […]
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