United States Oil Fund
Gold and silver sell-off accelerates as inflation fears grip global markets
Gold and silver joined a broad sell-off on Thursday, with the metals shedding around 5% and 10%, respectively, as fears about the Iran war and inflation gripped global markets. At 8:43 a.m. ET, spot gold was down 4.9% at just over $4,600 an ounce. Front-month gold futures were down 5.8% at $4,612. Stock Chart IconStock […]
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European stocks tumble 2% as Iran war intensifies; miners lead losses
Vadimrysev | Istock | Getty Images LONDON — European stocks slumped on Thursday as the Iran war escalated further following attacks on Iranian and Qatari energy infrastructure. The pan-European Stoxx 600 was down 2.1% as of 12:10 p.m. in London (8:10 a.m. ET), with all major bourses in negative territory and all sectors except for […]
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The Fed decision, Micron earnings, Amazon’s USPS contract and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. I’m back after a long weekend skiing in Colorado, just in time for yesterday’s Federal Reserve meeting. Stock futures are lower this morning. The three major indexes are coming off a losing day. Here are five key things investors need […]
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BP offloads German refinery to Klesch, boosts cost savings target
BP said on Thursday it would sell its German oil refinery site in Gelsenkirchen to investment firm Klesch Group for an undisclosed sum and raised its cost reduction target, in the latest move to simplify its portfolio and shore up its balance sheet. The transaction forms part of the British oil major’s $20 billion divestment […]
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Europe’s central banks are no longer in a ‘good place’ as Iran war upends forecasts
A projection of a Euro currency sign is pictured on the facade of the European Central Bank (ECB) headquarters in Frankfurt am Main, western Germany, on Dec. 30, 2025. Kirill Kudryavtsev | Afp | Getty Images Before the war on Iran began in late February, Europe’s central banks enjoyed a more benign inflation outlook as […]
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Asia tech stocks sink as oil spike and Qatar attacks threaten chip supply chain
Images of mobile devices at the Taiwan Semiconductor Manufacturing Co. (TSMC) Museum of Innovation in Hsinchu, on Tuesday, Jan. 11, 2022. I-Hwa Cheng | Bloomberg | Getty Images Asian technology stocks fell on Thursday as Iran’s latest attacks on Qatar’s Ras Laffan Industrial City and a surge in oil prices rattled investor sentiment, amplifying concerns […]
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Trump warns to ‘blow up’ South Pars gas field in Iran if strikes against Qatar energy continue
An Iranian security personnel monitors an area in phase 19 of the South Pars gas field in Assalooyeh on Iran’s Persian Gulf coast 1,400 km (870 miles) south of Tehran on August 23, 2016. Morteza Nikoubazl | Nurphoto | Getty Images U.S. President Donald Trump on Wednesday stateside warned that if Iran continued targeting Qatar’s […]
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Chip buyers in Europe are paying more and tapping backup stores as Iran war hits air freight
European companies that import semiconductors from Asia are tapping into backup stores and paying more for deliveries as the Iran war causes disruption to air freight routes through the Middle East, industry insiders have told CNBC. The Iran war has caused turmoil to cargo routes as shipping and airports have been targeted since the war […]
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Australia says fuel supply levels stable, PM urges residents to avoid panic buying
Anthony Albanese, Australia’s prime minister, during an address at the National Press Club in Canberra, Australia, on Tuesday, June 10, 2025. Bloomberg | Bloomberg | Getty Images Prime Minister Anthony Albanese on Thursday urged Australians to avoid panic buying of petrol and diesel, which he said had led to shortages in some rural regions, and stressed the nation’s fuel supply levels remained stable. Australia is dependent […]
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Bank of Japan keeps rates steady as expected, warns Iran war may push up inflation
The Bank of Japan (BOJ) headquarters is seen beyond the cherry blossoms in Tokyo on March 20, 2023. Kazuhiro Nogi | Afp | Getty Images The Bank of Japan on Thursday kept its rates steady at 0.75% as expected, but noted that inflation risks now are tilted to the upside due to the Iran war. […]
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