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CNBC Daily Open: Could the Strait of Hormuz be close to reopening? Markets cast doubt
Illustration of the Strait of Hormuz on a globe under a magnifying glass. Cfoto | Future Publishing | Getty Images Hello, this is Dylan Butts writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. Speaking on the economic fallout from the Iran war in a Cabinet meeting Thursday, President Donald Trump […]
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Asia markets fall, tracking losses on Wall Street as Trump extends Iran strike deadline
Pedestrians walk past the Exchange Square complex, which houses the Hong Kong Stock Exchange, in Hong Kong, China, on Tuesday, March 23, 2021. Paul Yeung | Bloomberg via Getty Images Asia-Pacific markets fell Friday following a volatile session on Wall Street overnight, as investors continued to parse the contradictory messaging on the Middle East from […]
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Trump extends pause on attacking Iran energy facilities to April 6
President Donald Trump on Thursday said that he was extending a pause in attacking Iran’s energy facilities by 10 days, to April 6, at the request of the government of the Islamic Republic. Trump’s announcement on Truth Social came as key stock market indices fell and oil prices rose. “As per Iranian Government request, please […]
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Retail firms warn of price hikes if Iran war extends for months
Shipping containers are stacked at the port of Los Angeles in Long Beach, California, U.S., March 10, 2026. Caroline Brehman | Reuters Retail firms are warning that the conflict in the Middle East is driving up costs and could lead to price hikes if the war continues beyond the short term. Instability in the Middle […]
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Trump says Iran let 10 oil ships through Strait of Hormuz as ‘present’ to U.S.
Iran allowed a total of 10 oil tankers to pass through the Strait of Hormuz this week as a “present” to the United States, President Donald Trump said Thursday. Iran made the gesture to show the U.S. “the fact that we’re real and solid and we’re there,” Trump said during a Cabinet meeting. The comments […]
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Trump says oil and stock market reaction to Iran conflict not as severe as he expected
President Donald Trump said Thursday that neither the spike in oil prices nor the slump in the stock market during the Iran war were as bad he had anticipated. In a Cabinet meeting, Trump expressed confidence in the war effort and said the economic damage will reverse. Addressing Treasury Secretary Scott Bessent, the president said […]
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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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