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What’s next for global markets as oil surges and stocks plunge on Middle East conflict
Assets from stocks to bonds sold off across the globe on Tuesday, as the intensifying conflict in the Middle East fueled risk-off sentiment. It came as the U.S.-Iran war entered its fourth day , marked by more missile and drone strikes across the region and a warning from U.S. President Donald Trump that the conflict […]
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Canada and India move to reset ties as trust in U.S. falters
India’s Prime Minister Narendra Modi (R) walks with Canada’s Prime Minister Mark Carney before their meeting at the Hyderabad House in New Delhi on March 2, 2026. Sajjad Hussain | Afp | Getty Images India and Canada need new friends — and customers. So this week, they put past, painful differences aside to pledge closer […]
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Middle East war sends natural gas prices soaring, raising growth shock risk for Europe and Asia
A prolonged surge in natural gas prices triggered by the ongoing war in the Middle East risks denting European growth and hitting some Asian economies hard, analysts have warned. Global gas prices have soared this week amid fears of a lengthy disruption to energy flows through the Strait of Hormuz — a key shipping route […]
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Europe — told of Iran strikes just ‘minutes’ before they started — struggles to be heard as war escalates
A plume of smoke rises after a strike in Tehran, Iran, Monday, March 2, 2026. Mohsen Ganji | AP When the U.S. and Israel struck Iran on Saturday morning, “very few” people in Europe were told beforehand that the airstikes were about to begin, a senior lawmaker in the bloc told CNBC. “Very few people […]
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Oil supertanker rates hit all-time high as insurers drop war risk protection in the Middle East
Commercial ships anchor off the coast of the United Arab Emirates due to navigation disruptions in the Strait of Hormuz, Dubai on March 2, 2026. Stringer | Anadolu | Getty Images Oil supertanker costs in the Middle East climbed to their highest level on record as conflict between the U.S. and Iran disrupts shipping through […]
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European markets set to slide at the open as geopolitical risks rise
A plume of smoke rises after a strike in Tehran, Iran, Monday, March 2, 2026. Mohsen Ganji | AP LONDON — European stocks are expected to open firmly in negative territory on Tuesday as the geopolitical crisis in the Middle East continues to weigh on global market sentiment. The U.K.’s FTSE index is seen opening […]
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The Strait of Hormuz is facing a blockade. These countries will be most impacted
Commercial ships anchor off the coast of the United Arab Emirates due to navigation disruptions in the Strait of Hormuz, Dubai on March 2, 2026. Anadolu | Getty Images The closure of the Strait of Hormuz by Iran is sending shockwaves across global energy markets, with Asia expected to face the maximum pain. A senior […]
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Iran war live updates: U.S. embassy in Riyadh hit by drones, Trump promises response ‘soon’
Trump touts ‘virtually unlimited’ U.S. munitions; UAE, Qatar deny weapons’ shortage President Donald Trump said Tuesday that the U.S. has a “virtually unlimited supply” of munitions as the war with Iran escalates. He added that the stockpiles “at the medium and upper medium grade” have never been higher or better. It was not immediately clear […]
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CNBC Daily Open: Markets digest U.S.-Iran war as conflict spreads
A general view of Tehran with smoke visible in the distance after explosions were reported in the city, on March 2, 2026 in Tehran, Iran. Contributor | Getty Images What you need to know today The first flights out of Dubai were cleared to depart since the U.S. and Israel attacked Iran, but service is […]
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Asia-Pacific markets extend losses as Iran conflict rages on; oil prices rise
A general view of Tehran with smoke visible in the distance after explosions were reported in the city, on March 2, 2026 in Tehran, Iran. Contributor | Getty Images Asia-Pacific markets opened lower on Tuesday, as the conflict in Iran continues to rage on for a fourth day. Oil prices extended gains after Iran reportedly […]
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