Oil and Gas

CNBC Daily Open: Israel’s conflict with Iran sends tremors through markets
Fire and smoke rise into the sky after an Israeli attack on the Shahran oil depot on June 15, 2025 in Tehran, Iran. Getty Images | Getty Images News | Getty Images Israel’s airstrikes on Iran Friday sent reverberations through financial markets. Oil prices jumped on fears that supply from Iran, the world’s ninth-largest oil […]
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Oil prices jump more than 3%, adding to last week’s surge, as Israel strikes Iran energy facilities
Fire and smoke rise into the sky after an Israeli attack on the Shahran oil depot on June 15, 2025 in Tehran, Iran. Getty Images | Getty Images News | Getty Images Crude oil futures jumped more than 3% Sunday after Israel struck two natural gas facilities in Iran, raising fears that the war will […]
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Why Iran won’t block the Hormuz Strait oil artery even as war with Israel looms
Tankers depicted in the Strait of Hormuz — a strategically important waterway which separates Iran, Oman and the United Arab Emirates. ATTA KENARE | AFP | Getty Images As tensions surge following Israeli strikes on Iran, fears have resurfaced that the Tehran could retaliate by targeting one of the world’s most vital oil arteries — […]
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Iran launches 100 drones at Israel in response to missile attack as markets reel
Traffic flows on a highway in the Iranian capital Tehran on June 13, 2025 following reported Israeli strikes targeting Iran early in the morning. AFP | Getty Images DUBAI, United Arab Emirates — Iran launched more than 100 drones toward Israeli territory Friday morning after Israel’s overnight missile strike on the country killed at least […]
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Safe haven rush begins after Israel strikes Iran
Investors fled to safe-haven assets Friday after a series of Israeli airstrikes on Iran marked a major escalation of conflict in the region. The scale of the attack, which Israel said was targeting Iran’s nuclear program, took markets by surprise, pushing up prices of assets thought to offer protection in times of heightened volatility. “The […]
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Oil prices surge 11% on heels of Israeli strikes
Iran’s Supreme Leader Ayatollah Ali Khamenei speaks during a meeting in Tehran, Iran, May 20, 2025. Office of the Iranian Supreme Leader. Office Of The Iranian Supreme Le | Via Reuters Crude oil futures jumped as much as 13% Thursday evening after Israel launched airstrikes against Iran without U.S. support. U.S. West Texas Intermediate last […]
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An Israeli attack on Iran could send oil prices above $100 as tensions mount
Beset by near-universal bearish outlooks just a month ago, oil prices could spike to more than $100 a barrel in the event of an Israeli attack on Iran, some analysts are warning. Crude prices spiked as much as 5% overnight — before paring gains — on fears of military escalation between Iran and Israel as […]
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Gecko Robotics raises $125 million in deal valuing critical infrastructure startup over $1 billion
Gecko Robotics announced on Thursday that it raised $125 million in a Series D funding round, raising the AI and robotics company’s valuation to $1.25 billion. The new round of funding means the Pittsburgh-based company has reached unicorn status, roughly twelve years after it was founded by Jake Loosararian. The company’s previous round of funding, […]
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BP takeover speculation heats up as UAE oil giant ADNOC enters the fray for gas assets
BP logo is seen at a gas station in this illustration photo taken in Poland on March 15, 2025. Nurphoto | Nurphoto | Getty Images UAE oil giant ADNOC has joined the fray of firms said to be circling some of BP‘s highly prized assets, as takeover speculation for the embattled energy major kicks into […]
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Oil prices rise more than 4% on escalating U.S.-Iran tensions
Crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia, in 2018. Simon Dawson | Bloomberg | Getty Images U.S. crude oil futures rose more than 4% Wednesday as tensions escalated between the U.S. and Iran, with President Donald Trump expressing doubt that […]
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