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U.S. offers India a 30-day waiver for buying Russian oil as Iran war deepens energy supply worries
This photograph shows a page on the Marinetraffic website thats shows commercial ship traffic on the edge of the Strait of Hormuz near the Iranian coast on March 4, 2026. Julien De Rosa | Afp | Getty Images After slapping 25% “penalty” tariffs on India for buying Russian crude — revoked last month — the […]
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CNBC Daily Open: Oil surges as Iran war enters seventh day
Storage tanks are seen at Marathon Petroleum’s Los Angeles Refinery, which processes domestic and imported crude oil, in Carson, California, on March 11, 2022. Bing Guan | Reuters What you need to know today Crude oil crossed $80 per barrel Thursday, as the Iran war enters its seventh day and continues disrupting global fuel supplies. […]
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Asia markets open lower, tracking Wall Street losses, as Iran conflict sends oil prices soaring
Smoke rises from an Israeli strike targeting the southern suburbs on March 5, 2026 in Beirut, Lebanon. Daniel Carde | Getty Images Asia-Pacific markets were lower Friday, tracking Wall Street losses overnight, as the Iran conflict sends energy prices higher. Overnight, oil prices broke through the $80 per barrel mark, with Brent futures up 3.54% […]
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U.S. crude oil tops $79 per barrel after Iran says it attacked a tanker
U.S. crude oil prices on Thursday broke above $79 per barrel after Iran claimed to have attacked a tanker. The price of West Texas Intermediate oil was last up 6.86%, or $5.12, at $79.78 per barrel, while global benchmark Brent rose 4.31%, or $3.51, to $84.91 per barrel at 11:30 a.m. ET. Oil prices have […]
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Asia markets set to rebound after steep selloff; investors watch China’s ‘Two Sessions’
People walking through the neon lit night streets of Sinchon in the heart of Seoul, South Korea’s vibrant capital city. Fotovoyager | E+ | Getty Images Asia-Pacific markets were set to open higher Thursday, rebounding after several days of steep losses as sentiment improved following overnight gains on Wall Street and easing concerns over surging […]
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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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European markets set for mixed open as traders track Middle East turmoil
Traders work at the New York Stock Exchange on March 2, 2026. NYSE LONDON — European stocks are expected to open in mixed territory on Wednesday as markets continue to track the war in the Middle East. The U.K.’s FTSE index is seen opening 0.3% higher, Germany’s DAX and France’s CAC 40 flat and Italy’s FTSE […]
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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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South Korea’s Kospi plunges 7% amid selloff in the region as Middle East war escalates
19 November 2025, China, Shanghai: Boats sail past downtown Shanghai on the Huangpu River. The tallest building on the skyline is the Shanghai Tower (rear). Bernd von Jutrczenka | Picture Alliance | Getty Images South Korea’s Kospi declined 7.24% Wednesday, extending a steep selloff from the day before when the index recorded its worst day in […]
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