Mojtaba Khamenei; the son of the Iranian Supreme Leader Ayatollah Ali Khamenei; is seen in Tehran; Iran; on December 14; 2016. Reza B | Afp | Getty Images Iran’s new supreme leader, Ayatollah Mojtaba Khamenei, has a new “verified” account on X, the influential social media platform owned by Elon Musk. Khamenei, whose X handle…
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The Dow plunged more than 500 points on Thursday as oil prices continued to surge after Iran’s new Supreme Leader, Mojtaba Khamenei, said the Strait of Hormuz would stay…
Uber signage on a vehicle at San Francisco International Airport (SFO) in San Francisco, California, US, on Monday, Feb. 2, 2026. David Paul Morris | Bloomberg | Getty Images For more than a decade, Alvaro Bolainez has ferried passengers around the Los Angeles area in his SUV as a rideshare driver. He’s never seen anything…
Travelers wait in line at a Transportation Security Administration (TSA) checkpoint at William P. Hobby Airport in Houston, Texas, US, on Monday, March 9, 2026. Mark Felix | Bloomberg | Getty Images The surge in fuel prices since the U.S. and Israel attacked Iran nearly two weeks ago is already driving up airfare. Consumers’ appetite…
Son of Iran’s Supreme Leader Ayatollah Ali Khamenei, Mojtaba Khamenei, attends a demonstration to mark Jerusalem day in Tehran. Morteza Nikoubazl | Nurphoto | Getty Images Iran’s new Supreme Leader Mojtaba Khamenei has said the closure of the Strait of Hormuz maritime passage should be continued as a “tool to pressure the enemy,” in his…
The U.S. Navy is not ready to escort oil tankers through the Strait of Hormuz, Energy Secretary Chris Wright told CNBC in an interview Thursday. “It’ll happen relatively soon but it can’t happen now,” Wright said. “We’re simply not ready. All of our military assets right now are focused on destroying Iran’s offensive capabilities and…
TOPSHOT – US President Donald Trump (L) and China’s President Xi Jinping arrive for talks at the Gimhae Air Base, located next to the Gimhae International Airport in Busan on October 30, 2025. Donald Trump and Chinese leader Xi Jinping will seek a truce in their bruising trade war on October 30, with the US…
An oil pumpjack operates in the Inglewood Oil Field on March 10, 2026 near Los Angeles, California. Mario Tama | Getty Images LONDON — European stocks are expected to open lower on Thursday as investors monitor the Iran war and global oil prices. The U.K.’s FTSE index is seen opening 0.2% lower, Germany’s DAX down…
The energy price shock that followed Russia’s invasion of Ukraine four years ago is fresh in the minds of European policymakers as the conflict in Iran once again drives oil and gas prices higher. Experts, however, think this time could be different. Fears of a full-blown energy crisis on that scale — which saw oil…
A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. Lucy Nicholson | Reuters Oil prices surged more than 8% with Brent crude hitting $100 per barrel Thursday, as traders remain unconvinced that release of government stockpiles could offset the massive supply shock triggered by the war in the Middle East. The…
