This photograph shows a page on the Marinetraffic website thats shows commercial ship traffic on the edge of the Strait of Hormuz near the Iranian coast on March 4, 2026. Julien De Rosa | Afp | Getty Images After slapping 25% “penalty” tariffs on India for buying Russian crude — revoked last month — the…
U.S. crude oil prices on Thursday broke above $79 per barrel after Iran claimed to have attacked a tanker. The price of West Texas Intermediate oil was last up 6.86%, or $5.12, at $79.78 per barrel, while global benchmark Brent rose 4.31%, or $3.51, to $84.91 per barrel at 11:30 a.m. ET. Oil prices have…
Oil prices spiked after the U.S. and Israel attacked Iran over the weekend, threatening an almost immediate jump in gasoline prices as well, experts say. Already, U.S. crude prices gained 6% as of Monday morning. A prolonged U.S.-Israel conflict with Iran could disrupt crude oil supplies and push prices even higher. Iran is the fourth-largest oil producer in…
Gas prices at a Sunoco gas station in Media, Pennsylvania, US, on Monday, March 2, 2026. Oil surged the most in four years as the first impacts of the war in the Middle East began to be felt, with a near halt to traffic through the Strait of Hormuz and disruption at a big refinery…
A cargo ship is pictured off coast city of Fujairah, in the Strait of Hormuz in the northern Emirate on February 25, 2026. Giuseppe Cacace | Afp | Getty Images Crude oil prices are expected to jump when trading opens Sunday evening, as market participants fear war between the U.S. and Iran will spiral out…
President Donald Trump prepares to board Air Force One en route to Florida, at Pope Army Airfield at Fort Bragg, North Carolina, Feb. 13, 2026. Elizabeth Frantz | Reuters President Donald Trump said Friday that he is considering limited military strikes to pressure Iran over its nuclear program. “I guess I can say I am…
CNBC’s Jim Cramer said Friday that investors shouldn’t read too much into uneventful unemployment data, arguing that a lack of surprises on the labor front is actually giving the market room to reveal the real story: a broad-based rally spreading well beyond last year’s winners. “When you get an employment report that’s basically uneventful, it…
President Donald Trump met Friday afternoon with more than a dozen oil companies at the White House to discuss plans for investment in Venezuela, less than a week after the U.S. ousted President Nicolas Maduro. Exxon CEO Darren Woods, ConocoPhillips CEO Ryan Lance, and Chevron Vice Chairman Mark Nelson attended. Executives from Halliburton, Valero and…
CNBC’s Jim Cramer said Wednesday that investors are watching a classic market phenomenon play out in real time: a violent rotation where yesterday’s winners become sources of cash and yesterday’s losers suddenly come back into favor. Cramer warned that these moments can feel chaotic — even irrational — but are often driven by valuation extremes…
CNBC’s Jim Cramer said Tuesday that investors should grow more selective after the market’s recent run, warning that buying stocks near their highs is often “a license to lose money.” On a volatile session that saw sharp moves across major indexes, Cramer said investors should resist chasing stocks already up 30% or 40% for the…
