U.S. President Donald Trump attends a healthcare affordability event in the Oval Office at the White House on Aug. 31, 2026 in Washington, DC. Kevin Dietsch | Getty Images President Donald Trump on Wednesday floated renaming the Strait of Hormuz — the central point of contention in the ongoing war against Iran that the U.S….
Oil prices rose Wednesday after the U.S. and Iran traded military strikes, ending weeks of relative calm in the Middle East, as they contest control of the Strait of Hormuz. Brent crude futures, the international benchmark, were up 1% to $95.57 per barrel. U.S. West Texas Intermediate traded nearly 1% higher at $90.88 per barrel. The U.S….
More than 17 million barrels of oil transited the Strait of Hormuz by ship on Monday, a record since the Iran war began in late February, U.S. Energy Secretary Chris Wright told CNBC in an interview Wednesday. Oil exports from the region on Monday were higher than pre-war levels when Saudi Arabia’s and the United…
Iranian-made Zolfaghar missiles are displayed at Azadi Square in Tehran on August 2, 2026. Atta Kenare | Afp | Getty Images U.S. forces completed another wave of strikes against Iran late Tuesday stateside, hitting multiple sites across the country, in a renewed exchange of fire between the warring parties after a nearly month-long hiatus. In…
The U.S. military launched new strikes against Iranian targets around the Strait of Hormuz on Tuesday, U.S. Central Command said in a social media post, after a pair of oil tankers came under attack in the critical shipping route. The strikes come after President Donald Trump had reportedly been considering a CENTCOM plan for limited…
Traders work on the floor the New York Stock Exchange (NYSE) in New York, US, on Monday, Feb. 2, 2026. Michael Nagle | Bloomberg | Getty Images U.S. Treasury yields increased on Tuesday, as renewed tensions in the Middle East drove global government borrowing costs to their highest point going back to early last year….
Government bond yields jumped across major markets Tuesday, with borrowing costs in Japan and the U.K. touching multi-decade highs, and U.S. Treasury yields surging, as renewed Middle East hostilities reignite inflation concerns. The key U.S. 10-year Treasury note yield moved to a 20-month high, rising 3 basis points to trade at 4.7880%. Japan’s benchmark 10-year…
BISHKEK, KYRGYZSTAN – AUGUST 31: Russian President Vladimir Putin (R) istens to Indian Prime Minister Narendra Modi (L) during the Shanghai Cooperation Organization Summit on August 31, 2026 in Bishkek, Kyrgyzstan. Contributor | Getty Images News | Getty Images Indian Prime Minister Narendra Modi has urged Russia to end the Ukraine war and for a…
Vessels near the Strait of Hormuz, as seen from Musandam, Oman, Aug. 31, 2026. Stringer | Reuters A tanker was struck by three unknown projectiles while transiting the Strait of Hormuz on Monday, stoking worries that the Middle East conflict could once again escalate. The tanker was sailing in the southern shipping lane close to…
A Venezuelan flag waves in front of oil tanker on lake in Maracaibo, Venezuela on July 27, 2026. Jose Isaac Bula | Anadolu | Getty Images Venezuelan interim authorities have granted U.S.-backed North American Blue Energy Partners, or NABEP, 100-year concessions for 17 oil fields, with proven reserves of about 65 billion barrels, the White…
