Saudi Arabia
The biggest release of emergency oil stockpiles in history was announced. Why crude may keep rising
The oil market sent a clear signal this week that a massive release of stockpiled crude by the U.S. and its allies is nowhere near enough to address the unprecedented supply disruption triggered by the Iran war. More than 30 nations in Europe, North America and Northeast Asia agreed to flood the market with 400 […]
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The two oil pipelines helping Saudi Arabia and UAE bypass the Strait of Hormuz
A foreign tanker carrying Iraqi fuel oil damaged after catching fire in Iraq’s territorial waters, following unidentified attacks that targeted two foreign tankers, according to Iraqi port officials, near Basra, Iraq, March 12, 2026. Mohammed Aty | Reuters The effective closure of the Strait of Hormuz has abruptly thrust two alternative oil pipelines into the […]
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Seventh U.S. service member killed in Iran war ID’ed as Sgt. Benjamin Pennington
Army Sgt. Benjamin N. Pennington, 26, of Glendale, Ky. Source: U.S. Army The Pentagon on Monday identified the seventh U.S. service member to have died in the Iran war as 26-year-old Army Sgt. Benjamin Pennington. Pennington, a resident of Glendale, Ky., was seriously wounded March 1 during an Iranian strike at Prince Sultan Air Base […]
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‘Sky is the limit’: Analysts warn oil prices could surge further
Women members of Iran’s Red Crescent society stand near smoke plumes from an ongoing fire following an overnight airstrike on the Shahran oil refinery in northwestern Tehran on March 8, 2026. – | Afp | Getty Images Analysts warned on Monday that there was no precedent for the surging price of oil, as the Middle […]
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CNBC Daily Open: Oil storms past $100 for first time since 2022
Traders work at the New York Stock Exchange on March 2, 2026. NYSE What you need to know today Crude oil finally did what analysts have been warning about in the past week: it blew past $100 per barrel on Sunday as Iran continues its closure of the critical Strait of Hormuz. It was the […]
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U.S. orders staff to leave Saudi Arabia as Iran war spreads and oil surges above $110
Smoke rises from the site of airstrikes in a central area of the Iranian capital Tehran on March 6, 2026. Atta Kenare | Afp | Getty Images The U.S. government ordered non-emergency government employees to leave Saudi Arabia as the war engulfing Iran widened across the Middle East, pushing oil prices above $110 per barrel […]
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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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Dow drops 1,200 points as oil surges, bond yields climb in response to deepening Iran conflict: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 2, 2026. Brendan McDermid | Reuters U.S. equities tumbled on Tuesday, undoing a Monday equity comeback, as oil prices spiked again and traders began to worry the U.S.-Iran conflict could drag on longer than anticipated. The Dow […]
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Iran conflict: Where things stand, global responses — and what comes next
People protest against the US and Israeli strikes on Iran, ICE immigration raids, and in support of Palestinians during a demonstration outside the Westwood Federal Building in the Westwood neighborhood of Los Angeles on June 22, 2025. Bing Guan | Afp | Getty Images The U.S.-Israel conflict with Iran is extending into its third day […]
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Explosions heard across the Middle East as Iran retaliates against U.S. attacks; flights disrupted
TOPSHOT – An incoming projectile explodes over the water in the bay of Haifa off of the northern Israeli coastal city on February 28, 2026. The United States and Israel launched strikes against Iran on February 28, with Israel’s public broadcaster reporting that supreme leader Ayatollah Ali Khamenei had been targeted, as the Islamic republic […]
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