United States Brent Oil Fund
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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Some oil-loading operations in UAE hub of Fujairah suspended after fire: Reuters
Smoke rises from the direction of an energy installation in the Gulf emirate of Fujairah on March 14, 2026. (Photo by AFP via Getty Images) / – | Afp | Getty Images Some oil-loading operations have been suspended in Fujairah, a city in the United Arab Emirates and a key bunkering hub, after a fire […]
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Trump says U.S. ‘obliterated’ military targets on Iran’s Kharg Island but didn’t ‘wipe out’ oil infrastructure
A satellite image shows an oil terminal at Kharg Island, Iran, February 25, 2026. 2026 Planet Labs Pbc | Via Reuters U.S. President Donald Trump said on Friday that he directed the U.S. Central Command to carry out a bombing raid, hitting military targets on Iran’s Kharg Island. “Moments ago, at my direction, the United […]
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Trump can’t ‘drill, baby, drill’ his way out of this Iran-inspired oil crisis: Experts
President Donald Trump promised to “drill, baby, drill” on the presidential campaign trail. It’s not going to bail him out of this oil crisis spurred by the war he started in Iran, lawmakers and analysts say. Trump and Republicans last year aggressively ramped up policies favorable to fossil fuels after romping to an electoral victory […]
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Analysis: The U.S. is running out of ways to get oil prices down. It is up to the military.
The Trump administration has rolled out a series of measures to attempt to blunt the blow of the Iran-driven oil-price hike, and yet prices remain stubbornly high. As the war rolls on, it is becoming clear there isn’t much the U.S. or any other government can do to provide relief from higher oil prices short […]
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Iran war oil shock stokes fears of 1970s-style stagflation — why this time could be different
Key Points Fears of higher prices and slower economic growth have unsettled markets over the past week following a spike in the oil price. Investors fear the specter of stagflation and what it could mean for their portfolios, but 2026 looks different to the 1970s for several reasons. Back then, a spike in oil prices […]
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Pete Hegseth on Strait of Hormuz: ‘Don’t need to worry about it’
U.S. Secretary of Defense Pete Hegseth holds a briefing amid the U.S.-Israeli conflict with Iran, at the Pentagon in Washington, D.C., U.S., March 2, 2026. Elizabeth Frantz | Reuters Defense Secretary Pete Hegseth on Friday brushed aside concerns that the effective closure of the Strait of Hormuz because of the Iran war, which has spiked […]
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Iran’s ‘oil lifeline’ has been left untouched in the conflict. What happens if it’s seized?
A general view of the Port of Kharg Island Oil Terminal, 25 km from the Iranian coast in the Persian Gulf and 483 km northwest of the Strait of Hormuz, in Iran on March 12, 2017. Anadolu | Anadolu | Getty Images The prospect of a U.S. move to seize Kharg Island, a strategically vital […]
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$100 oil, PCE data, MLB valuations and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. The U.S. launched 60 more trade investigations last night, as the Trump administration continues to look for ways to replace the president’s now-overturned duties. The new probes focus on forced labor trade practices. Stock futures are higher this morning after […]
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Oil holds near $100 as Trump says America ‘has ammunition and plenty of time’ to fight Iran war
The Callisto tanker sits anchored in Port Sultan Qaboos as the traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 12, 2026. Benoit Tessier | Reuters Brent crude oil, the global benchmark, held near $100 on Friday morning as the U.S.-Iran war heads toward its third […]
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