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Oil surges above $100 a barrel; Trump says ‘small price to pay’ for defeating Iran
Crude oil prices surged above $100 per barrel on Sunday, after major Middle East producers cut output because the critical Strait of Hormuz remains closed due to the Iran war. West Texas Intermediate jumped 17%, or $15.32, to $106.22 per barrel. Global benchmark Brent advanced 15%, or $14.28, to $106.92. U.S. crude oil surged about […]
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Dow futures tumble 900 points as U.S. oil tops $100 a barrel to begin the week’s trading: Live updates
Traders work on the floor of the New York Stock Exchange on March 5, 2026. Spencer Platt | Getty Images Stock futures were plunging to start the week’s trading as U.S. oil prices topped $100 a barrel amid the U.S.-Iran conflict, raising fears higher energy prices could dramatically slow the U.S. economy. The Dow Jones […]
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Investors may be too complacent about mounting risks with the S&P 500 less than 4% from high
Venezuela, Greenland and now Iran – 2026 has been marred with geopolitical instability , but some on Wall Street think investors aren’t as concerned as they should be about the latest conflict. In the beginning of the year, when the U.S. conducted a military operation in Venezuela that involved capturing and ousting that country’s leader, […]
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Energy prices will fall when U.S. destroys Iran’s ability to attack tankers in Strait of Hormuz: Wright
U.S. Energy Secretary Chris Wright pumps gas at a gas station in Corpus Christi, Texas, U.S., February 27, 2026. Sheila Dang | Reuters Energy Secretary Chris Wright said oil and gas prices will begin to fall when the U.S. begins to knock out Iran’s ability to hinder tanker traffic through the Strait of Hormuz, as […]
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Global week ahead: Diplomacy in ruins as G7 meets on Iran
The flags of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, and the European Union ahead of the Group of Seven (G-7) Leaders’ Summit in Banff, Alberta, Canada, on Saturday, June 14, 2025. Bloomberg | Bloomberg | Getty Images The war in Iran will present the G7 countries with one of the […]
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Iranian projectiles continue to strike Gulf countries’ infrastructure
March 8, 2026: 23 Marina building damaged by drone Debris in Dubai’s Marina Emma Graham, CNBC Gulf states reported more damage to infrastructure over the weekend as Iran continues to attack regional allies in retaliation for ongoing strikes by U.S. and Israeli forces. The United Arab Emirates said it was “dealing with incoming missile and […]
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Saudi Arabia told Iran not to attack it, warns of possible retaliation, sources say
U.S. Secretary of State Marco Rubio meets with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud at Department of State, in Washington, D.C., U.S., April 9, 2025. Ken Cedeno | Reuters Saudi Arabia has told Tehran that while it favors a diplomatic settlement to Iran’s conflict with the United States, continued attacks on the […]
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Kuwait cuts oil production as Strait of Hormuz closure disrupts global energy market
Kuwait said Saturday that it has cut oil production and refining output because tankers cannot transit the Persian Gulf due to threats from Iran. The Arab monarchy did not say how many barrels per day it has cut, but described the output reduction as a precautionary measure that will be “reviewed as the situation develops.” […]
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Will Iran war fallout end the bull market? When investors really need to worry
If oil trades above $100 a barrel for a while, the U.S. economy could be in for major shocks, according to Bank of America. Oil prices have surged since the U.S.-Israeli strikes on Iran last weekend, with West Texas Intermediate futures posting their biggest ever weekly gain, soaring 35%. The benchmark U.S. crude closed at […]
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