United States Oil Fund
Dow bounces 400 points to start the week as oil prices fall back to below $95 a barrel: Live updates
Traders works on the floor of the New York Stock Exchange (NYSE) at the opening bell on March 5, 2026 in New York City. Angela Weiss | Afp | Getty Images Stocks rose on Monday, while oil prices pulled back as Wall Street tried to recover from another losing week, with investors monitoring the latest […]
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Oil crisis unlikely to lead to bear market, says CFRA’s Sam Stovall
Though oil prices have spiked in the aftermath during the Iran war, disruption in energy markets probably won’t lead to a major downturn in U.S. stocks, according to Sam Stovall at CFRA Research. The war – now in its third week – has brought about the biggest oil supply disruption in history by closing the […]
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Bessent says Treasury is not intervening in oil commodities markets and has no authority to do so
Treasury Secretary Scott Bessent said Monday that the administration has no plans to intervene in financial markets and may not have the authority to do so even if it wanted. In a CNBC interview, Bessent addressed rumors that the Treasury Department or some other arm of government might step in to try to lower oil […]
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Strait of Hormuz standoff puts supply of America’s generic drug prescriptions at risk
An employee monitors bottles as they move along the drug production line inside the packaging unit at the Lupin Ltd. pharmaceutical plant in Salcette, Goa, India, Bloomberg | Bloomberg | Getty Images The closure of the Strait of Hormuz by Iran is a military strategy with vast consequences for the global economy, not just in […]
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Oil’s war-driven volatility pulls in record retail money, fueling ‘meme-style’ trading
The Iran war news flow-driven oil moves are drawing retail investors into the world’s most traded commodity, further fueling volatility. Small investors have poured record sums into oil-linked exchange-traded funds in recent weeks as prices have whipsawed amid the Middle East conflict and fears of extended disruptions to crude flows through the Strait of Hormuz. […]
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Why traders are getting nervous about Iran’s $200 oil warning as the conflict drags on
Energy analysts and traders said Monday that they wouldn’t be surprised if oil prices climb to as high as $200 per barrel as the sprawling Middle East crisis drags on. It comes as the U.S. and Israeli-led war on Iran continues to disrupt oil production and shipping in the region , with traffic through the […]
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U.S. is allowing Iranian tankers through Strait of Hormuz, says Bessent
The United States is allowing Iranian oil tankers to transit the Strait of Hormuz, Treasury Secretary Scott Bessent told CNBC in an interview Monday. “The Iranian ships have been getting out already, and we’ve let that happen to supply the rest of the world,” Bessent told CNBC’s Brian Sullivan. Tanker traffic through the Strait has […]
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Trump-Xi China summit may be delayed if Trump wants to stay in Washington for Iran war: Bessent
Treasury Secretary Scott Bessent said Monday that the meeting between President Donald Trump and Chinese Leader Xi Jinping could be delayed for logistical reasons during an appearance on CNBC’s “Squawk Box.” Trump suggested on Sunday that the summit could be delayed as the U.S. pressures China to help the U.S. reopen the Strait of Hormuz. […]
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Oil continues to rise, the Federal Reserve, Nvidia’s big week and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Monday. CNBC’s Brian Sullivan sat down with Treasury Secretary Scott Bessent this morning in Paris, where Bessent just met with his Chinese counterpart. The Cabinet secretary said that “logistics” could delay Trump’s planned trip to China later this month. Stock futures […]
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Dubai International Airport resumes ‘limited’ flights after drone attack
TOPSHOT – A smoke plume rises from an ongoing fire at Dubai International Airport in Dubai on March 16, 2026. Flights were gradually resuming at Dubai airport on March 16, previously the world’s busiest for international flights, the airport operator said, after a “drone-related incident” sparked a fuel tank fire nearby, as Iran kept up […]
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