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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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Iran war threatens to scramble the ‘affordability’ midterm
U.S. President Donald Trump points his finger as he arrives to deliver remarks on the U.S. economy and affordability at the Mount Airy Casino Resort in Mount Pocono, Pennsylvania, U.S. December 9, 2025. Jonathan Ernst | Reuters November’s midterm was always supposed to be about affordability. Then, the bombs began falling in Iran. The expanding […]
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‘Not slowing down’: One week on, U.S.-Israeli strikes on Iran continue
Smoke and fire rise from the site of airstrikes at Mehrabad International Airport in Tehran on March 7, 2026. (Photo by ATTA KENARE / AFP via Getty Images) Atta Kenare | Afp | Getty Images U.S. and Israeli airstrikes on Iran continued on Saturday, one week after they launched their joint campaign to rid Tehran […]
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Trump admin announces $20 billion reinsurance program for oil tankers during Iran war
The Texas Voyager oil tanker sits anchored off the coast of Chevron’s El Segundo Refinery in El Segundo, California on March 4, 2026. Patrick T. Fallon | Afp | Getty Images The Trump administration on Friday announced a $20 billion reinsurance program for oil tankers and other maritime traffic in an effort to get vessels […]
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Maersk, a bellwether for global trade, suspends two key shipping services due to Iran war
The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California. Justin Sullivan | Getty Images Danish shipping giant Maersk on Friday temporarily suspended two services linking the Middle East to Asia and Europe as the Iran war continues to disrupt global supply chains. The company, widely […]
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South Korea stocks crashed 18% in two days. Could it happen here?
A man walks past in front of an electronic screen showing South Korea’s benchmark stock index (KOSPI) at the Korea Exchange in Seoul on March 3, 2026. Jung Yeon-je | Afp | Getty Images South Korean stocks quickly fell from grace following the U.S. and Israeli strikes on Iran. But Wall Street doesn’t see that […]
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CNBC’s UK Exchange newsletter: FTSE 100’s defensive slant comes into its own
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch It was no surprise, when equity markets first reacted to news of the strikes on Iran, that the U.K.’s FTSE 100 fell by less than all of its major continental European peers. What is often seen as the Footsie’s weakness […]
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Iran war live updates: Tehran keeps up strikes as Gulf states deny missile shortages
Middle East conflict adds to central bank headaches as oil extends four-day rally A widening Middle East conflict has posed a fresh test for global central banks, as fears of an oil shock and renewed inflation risks complicate policymakers’ calculus for shoring up growth. Brent crude prices extended four days of gains, rising 1.6% to $82.76 […]
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Middle East conflict poses fresh test to central banks as oil shock fuels inflation
Pedestrians look out across the city skyline as they walk along the Tabiat bridge in Tehran, Iran, on Saturday, Aug. 4, 2018. Ali Mohammadi | Bloomberg | Getty Images A widening Middle East conflict has posed a fresh test for global central banks, as fears of an oil shock and renewed inflation risks complicate policymakers’ calculus […]
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CNBC Daily Open: Trump promises insurance and protection for Gulf shipping
US President Donald Trump speaks during a meeting with Chancellor Merz (CDU) at the White House. Topics include the war in Iran, the tariff dispute between the EU and the USA, the Russian war of aggression against Ukraine and China policy. Kay Nietfeld | Picture Alliance | Getty Images What you need to know today […]
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