@LCO26U
Iran war ‘very close to over,’ Trump says — and the stock market ‘is going to boom’
U.S. President Donald Trump looks on after disembarking Air Force One as he arrives at Joint Base Andrews in Maryland, U.S., April 12, 2026. Kevin Lamarque | Reuters The Iran war is “very close to over” with authorities in Tehran eager to agree a peace deal, U.S. President Donald Trump claimed in an interview broadcast […]
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Russia offers China energy lifeline as the Iran war strangles global supply
Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a reception, held on Victory Day marking the 80th anniversary of the victory over Nazi Germany in World War Two, at the Kremlin in Moscow, Russia, May 9, 2025. Mikhail Metzel | Via Reuters Russia has offered to help China with any potential […]
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Trump renews criticism of UK, saying it should ‘drill, baby, drill’ for North Sea oil
Conservative party leader Kemi Badenoch visits the Well-Safe Protector Oil Rig at Aberdeen’s South Harbour, on March 30, 2026 in Aberdeen, Scotland. Paul Reid | Getty Images News | Getty Images U.S. President Donald Trump has renewed his criticism of Britain’s energy policy, deriding the ruling center-left Labour government’s decision to ban licenses for new […]
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Why Wells Fargo says it might be time to take profits on energy — even as the bank hikes its oil price forecasts
Oil prices are likely to remain well above their levels prior to the Iran war, the consequences of which have choked global supply for the foreseeable future. But, after racking up record monthly gains in March, analysts at Wells Fargo say it is now “time to consider taking profits in energy.” The year-to-date performance of […]
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CNBC Daily Open: Back-to-back gains on Iran peace talks hope
A protester waves an Iranian flag and shouts slogans during a demonstration against US military action in Iran near the White House in Washington, DC, on April 7, 2026. Mandel Ngan | Afp | Getty Images Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily Open. Not […]
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U.S. says Hormuz blockade ‘fully implemented,’ while signaling diplomatic off-ramp for Iran
ANKARA, TURKIYE – APRIL 14: An infographic titled “US warships around the Strait of Hormuz” created in Ankara, Turkiye on April 14, 2026. (Photo by Yasin Demirci/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images The U.S. blockade of Iranian ports is now fully into effect, “completely” cutting off Tehran’s international sea trade that […]
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Trump’s Hormuz blockade puts China, India in crosshairs as U.S. pressure on Iran spills over
Oil tankers and cargo ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026. Altaf Qadri | AP The U.S. blockade of the Strait of Hormuz is not only squeezing Iran but also ratcheting up pressure on two of its most consequential relationships in Asia […]
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CNBC Daily Open: S&P 500 nears all-time high
Tourists walk past the U.S. Capitol and are reflected in the window of a parked ambulance on Capitol Hill in Washington, D.C., U.S., April 14, 2026. Evelyn Hockstein | Reuters Hello, this is Dylan Butts writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. Markets appear to think a deal between […]
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Oil extends declines as possible U.S.-Iran talks raise hopes for Mideast peace deal
An aerial view of the Chevron EL Segundo refinery, one of the largest petroleum processing facilities in California, as a plane takes off from LAX on April 8, 2026 as seen from above Manhattan Beach, California. Mario Tama | Getty Images Oil prices extended declines after settling sharply lower Tuesday amid rising optimism that the […]
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Asia markets set to open higher as hopes for a U.S.-Iran deal rise and oil prices drop
The West Texas Intermediate was down 2.39% at $88.94 per barrel as of 7:40 p.m. ET. Brent crude fell over 4% to settle at $94.79 per barrel on Tuesday. Source
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