Countries affected by the Iran war should prepare for conflict-related disruptions to last for months, even if the current shaky ceasefire lasts and the Strait of Hormuz is reopened, World Bank President Ajay Banga said Wednesday. “It’ll still take a few months for things to come back to where they were” once the key oil-shipping…
Thousands of revelers who dressed as Santa Claus and other famous characters, participate in the annual SantaCon pub crawl on Saturday, December 13, 2025, in New York City, United States. Selcuk Acar | Anadolu | Getty Images The president of SantaCon was arrested on Wednesday on a federal criminal indictment accusing him of using the…
The Iran war is “very close to over” with authorities in Tehran eager to agree a peace deal, U.S. President Donald Trump said in an interview broadcast Wednesday. “We’ve beaten them militarily, totally,” Trump told Fox Business Network’s “Mornings with Maria” in a prerecorded interview. “I think it’s close to over, I view it as…
Brian Moynihan, CEO of Bank of America, speaking on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 20th, 2026. Oscar Molina | CNBC Bank of America is scheduled to report first-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $1.01 a share, according to LSEG Revenue:…
Conservative party leader Kemi Badenoch visits the Well-Safe Protector Oil Rig at Aberdeen’s South Harbour, on March 30, 2026 in Aberdeen, Scotland. Paul Reid | Getty Images News | Getty Images U.S. President Donald Trump has renewed his criticism of Britain’s energy policy, deriding the ruling center-left Labour government’s decision to ban licenses for new…
Pope Leo XIV responds to questions regarding US President Donald Trump’s recent statements during the flight to Algeria on April 13, 2026 in Algiers, Algeria. Matteo Pernaselci | Vatican Pool | Getty Images U.S. President Donald Trump took aim at Pope Leo XIV again, suggesting that he was unaware of Iran’s repressive actions against its own…
ANKARA, TURKIYE – APRIL 14: An infographic titled “US warships around the Strait of Hormuz” created in Ankara, Turkiye on April 14, 2026. (Photo by Yasin Demirci/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images The U.S. blockade of Iranian ports is now fully into effect, “completely” cutting off Tehran’s international sea trade that…
Oil tankers and cargo ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026. Altaf Qadri | AP The U.S. blockade of the Strait of Hormuz is not only squeezing Iran but also ratcheting up pressure on two of its most consequential relationships in Asia…
Kraken is one of the world’s largest crypto exchanges. Tiffany Hagler-Geard | Bloomberg via Getty Images Kraken co-CEO Arjun Sethi reiterated Tuesday that the crypto exchange has confidentially filed for a U.S. initial public offering. In November 2025, CNBC reported Kraken was planning its debut. Separately, Kraken said in a blog post at the time…
An aerial view of the Chevron EL Segundo refinery, one of the largest petroleum processing facilities in California, as a plane takes off from LAX on April 8, 2026 as seen from above Manhattan Beach, California. Mario Tama | Getty Images Oil prices extended declines after settling sharply lower Tuesday amid rising optimism that the…
