Asia-Pacific markets traded higher Friday, after Iran and Oman were reportedly drafting a protocol to “monitor transit” through the Strait of Hormuz, raising hopes that the crucial waterway could partially reopen. Tanker traffic through the key oil-shipping route “should be supervised and coordinated” with the two countries, said Kazem Gharibabadi, Iran’s deputy foreign minister of legal…
U.S. President Donald Trump acknowledges those in attendance after speaking from the Cross Hall of the White House on April 1, 2026 in Washington, DC. Alex Brandon | Getty Images U.S. President Donald Trump said the U.S. will hit Iran “extremely hard” over the next two or three weeks in a national address on Wednesday. “We’re going…
Smoke emanates from smokestacks from an oil refinery in Linden, New Jersey, on March 18, 2026. Kena Betancur | AFP | Getty Images Crude prices extended gains during Asia trading as escalating attacks in the Persian Gulf and U.S. President Donald Trump‘s signals on exiting the Iran conflict even as the Strait of Hormuz remains…
A view of missile traces launched from Yemen at Israel sighted in the sky over Hebron, West Bank, on March 28, 2026. Wisam Hashlamoun | Anadolu | Getty Images Asia-Pacific markets opened lower Tuesday as the conflict in the Middle East keeps investors jittery, with crude oil prices continuing to rise. U.S. President Donald Trump escalated his…
Smoke emanates from smokestacks from an oil refinery in Linden, New Jersey, on March 18, 2026. Kena Betancur | AFP | Getty Images Oil rose Monday as Yemen’s Houthis fired missiles at Israel and U.S. President Donald Trump reportedly wants to seize Iran’s oil, deepening concerns over escalating risks to Middle East energy flows. May…
CNBC’s Jim Cramer outlined his game plan for the week ahead, warning that a relentless rise in oil tied to the Iran war is continuing to pressure stocks – and could signal more downside. “Another miserable week. Four weeks since the war started and it’s been pretty darn awful,” Cramer said Friday on “Mad Money,”…
Pedestrians walk past the Exchange Square complex, which houses the Hong Kong Stock Exchange, in Hong Kong, China, on Tuesday, March 23, 2021. Paul Yeung | Bloomberg via Getty Images Asia-Pacific markets fell Friday following a volatile session on Wall Street overnight, as investors continued to parse the contradictory messaging on the Middle East from…
An Iranian security worker monitors an area in phase 19 of the South Pars gas field in Assalooyeh, on Iran’s Persian Gulf coast, on Aug. 23, 2016. Morteza Nikoubazl | Nurphoto | Getty Images Oil prices have been gripped by volatility since the U.S.-Iran war began nearly four weeks ago. But analysts say the market…
An Iranian security worker monitors an area in phase 19 of the South Pars gas field in Assalooyeh, on Iran’s Persian Gulf coast, on Aug. 23, 2016. Morteza Nikoubazl | Nurphoto | Getty Images Oil prices fell more than 5% Wednesday after U.S. President Donald Trump said that Washington and Tehran are “in negotiations right…
Mount Fuji and the Shinjuku skyline in Tokyo, Japan, on Friday, Feb. 14, 2025. Photographer: Kiyoshi Ota/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Asia-Pacific markets pared gains Tuesday as oil prices rebounded, underscoring lingering uncertainty over the Middle East conflict. Brent crude futures for May rose over 3.5% to $103.7 per barrel…
