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Iran war threatens catastrophic consequences for the oil market, Aramco CEO says
The logo of Saudi state oil giant Aramco. Fayez Nureldine | AFP | Getty Images The Iran war threatens “catastrophic consequences” for the global oil market, the CEO of Saudi oil giant Aramco has warned. Amin Nasser told an earnings call on Tuesday that the war had caused “a severe chain reaction” and “a drastic […]
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Oil plunges 10% as Trump warns to hit Iran ‘twenty times harder’ if it blockades Strait of Hormuz
Oil prices surged about 20% on Monday as the U.S.-Israeli war with Iran continued, raising fears of prolonged disruptions to energy supplies. Anton Petrus | Moment | Getty Images Oil prices plunged 10% Tuesday after U.S. President Donald Trump warned that Tehran would be hit “twenty times harder” if it attempted to halt oil flows through the […]
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South Korea’s Kospi leads regional rebound, up 5%, as Trump comments drive oil lower
A currency dealer monitors exchange rates in front of a big screen showing South Korea’s benchmark stock index (C) and the Korean won/USD exchange rate (R) in a foreign exchange dealing room at the Hana Bank headquarters in Seoul on April 9, 2025. Jung Yeon-je | Afp | Getty Images South Korea’s Kospi opened more […]
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Watch live: Trump holds press conference as Iran war fallout roils oil market
[The stream is slated to start at 5:30 p.m. Please refresh the page if you do not see a player above at that time.] President Donald Trump is set to hold a press conference at his Miami-area golf club. The president’s comments at Trump National Doral are coming within hours of him telling CBS News […]
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Oil tankers transiting Strait of Hormuz ‘must be very careful,’ Iran foreign ministry warns
MarineTraffic map showing current ships traffic on Strait of Hormuz dislplayed on a laptop screen and MarineTraffic logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on March 5, 2026. Jakub Porzycki | Nurphoto | Getty Images Oil tankers passing through the Strait of Hormuz “must be very […]
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The $100 oil playbook: How pro investors are investing around this energy shock
Professional investors are reshuffling portfolios as crude oil surges past $100 a barrel , rotating into sectors tied to commodities while adding hedges against the risk that geopolitical tensions could trigger a broader economic shock. The jump in energy prices tied to the Middle East conflict is prompting money managers to rethink positioning. Many say […]
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Oil shock prompts South Korea to impose fuel price cap for the first time in 30 years
Riders refuel their motorbikes at a gas station in Hongdae district in Seoul, South Korea, on Saturday, July 2, 2022. Bloomberg | Bloomberg | Getty Images South Korea is set to impose a price cap on fuel products for the first time in 30 years, as oil prices skyrocketed on Monday due to the war […]
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The U.S.-Iran war is the biggest oil supply disruption in history
The U.S. war against Iran has triggered the largest oil supply disruption in history, more than double the previous record set during the Middle East crisis of the 1950s, according to an analysis by consulting firm Rapidan Energy. About 20% of the world’s oil supply has been disrupted for nine days now as tanker traffic […]
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GOP Whip Tom Emmer predicts oil prices will drop after Iran war
House Majority Whip Tom Emmer urged calm on Monday as oil prices surged amid fallout from the Iran war, calling the conflict a “short-term experience” during an appearance on CNBC’s “Squawk Box.” “Yes, there are going to be some temporary effects on our domestic economy, but as soon as this is taken care of, those […]
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