United States Oil Fund
‘Resumption of hostilities’: seized ship, vessel attacks push U.S.-Iran ceasefire toward brink
A person points at a page on the Marinetraffic website that shows commercial boats traffic on the edge of the Strait of Hormuz near the Iranian coast, in Paris on March 4, 2026. Julien De Rosa | Afp | Getty Images Fifty days into the U.S.-Israel war with Iran, tensions escalated again after clashes in […]
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Gas prices may not drop below $3 a gallon until next year: Energy Secretary Wright
U.S. Energy Secretary Chris Wright appears before a House Appropriations Subcommittee on Energy hearing on the Trump administration’s 2027 budget request for the Department of Energy, on Capitol Hill in Washington, D.C., U.S., April 15, 2026. Nathan Howard | Reuters Energy Secretary Chris Wright on Sunday said gas prices may not drop below $3 until […]
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Trump says U.S. has ‘good news’ on Iran as Tehran says the Strait of Hormuz is closed again
IN FLIGHT – APRIL 17: U.S. President Donald Trump speaks to members of the press aboard Air Force One on April 17, 2026 just prior to landing at Joint Base Andrews, Maryland. (Photo by Win McNamee/Getty Images) Win Mcnamee | Getty Images News | Getty Images President Donald Trump sounded optimistic about the progress of […]
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‘It’s sad’: The U.S.-UK ‘special relationship’ sours ahead of royal visit to Washington
Britain’s Prime Minister Keir Starmer (R) and US President Donald Trump (L) shake hands as Starmer finishes his opening statement and hands over to Trump at a Business event at Chequers, in Aylesbury, central England, on Sept. 18, 2025, on the second day of the US President’s second State Visit. Andrew Caballero-Reynolds | AFP | […]
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Video shows ships turning away from the Strait of Hormuz as confusion persists over whether sea lane is really open
Oil tankers are remaining cautious about sailing through the Strait of Hormuz after Iran declared Friday that the sea lane is open to commercial ships, video footage shows. Oil futures contracts tumbled Friday as the market interpreted the announcement from Tehran as a major breakthrough that will ease the massive disruption to global energy supplies. […]
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CNBC Daily Open: A ceasefire, but no Strait talk
A photograph taken from the southern Lebanese area of Tyre shows smoke as it rises from the site of Israeli airstrikes that targeted villages on southern Lebanon on April 16, 2026. Kawnat Haju | AFP | Getty Images Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily […]
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Hong Kong to announce tax break to lure global commodity traders
Hong Kong is rolling out a new tax break for commodity traders as it seeks to strengthen its position as a regional trading hub and revive shipping activity amid global supply chain disruptions. The government plans to introduce a concessionary regime for qualifying traders of physical commodities, halving the tax rate on their profits to […]
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Inside India newsletter: Small towns are powering e-commerce’s fastest-growing market, dominated by Amazon, Walmart unit
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest growing large economy. Amazon and Walmart’s Flipkart dominate India’s e‑commerce market. This week, I unpack why the U.S. giants are keen to expand in the […]
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Here are all the ways the Iran war has affected the U.S. economy so far
In an aerial view, the Marathon Petroleum Corp’s Los Angeles Refinery is seen on April 02, 2026 in Carson, California. Justin Sullivan | Getty Images The Iran war is starting to show up in the U.S. economy in ways both obvious and not so much, with soaring energy costs leading the impact and potential hits […]
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Why Wells Fargo says it might be time to take profits on energy — even as the bank hikes its oil price forecasts
Oil prices are likely to remain well above their levels prior to the Iran war, the consequences of which have choked global supply for the foreseeable future. But, after racking up record monthly gains in March, analysts at Wells Fargo say it is now “time to consider taking profits in energy.” The year-to-date performance of […]
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