Plans for record emergency oil release signal Middle East war could drag on for months
The degree to which the IEA acted is being interpreted that the conflict could continue for many weeks, said analysts.
Oil prices touch $100 again as Iran ramps up shipping attacks in the Persian Gulf
Strategists said oil prices were trading higher because there appears to be no end in sight to oil supply disruptions through the Strait of Hormuz.
CNBC Daily Open: Oil and trade tariff uncertainty rattle global markets
The IEA agreed Wednesday to release a record 400 million barrels of oil, and the U.S. would tap 172 million barrels from its Strategic Petroleum Reserve.
Asia-Pacific markets fall as Iran war continues to fuel oil volatility
Asia-Pacific markets fell Thursday as investors grappled with volatile oil prices and escalating tensions in the Middle East.
Dow tumbles more than 700 points as oil jumps, closing at new 2026 low under 47,000: Live updates
Investors remained wary of the impact of the Iran war on oil prices throughout the day.
Iran war: Trump will release 172 million barrels of oil from Strategic Petroleum Reserve
The U.S. currently has 415 million barrels of oil in its strategic reserve, about 58% of the authorized capacity of 714 million barrels.
Oracle’s TikTok stake sits at just over $2 billion, filing shows
Oracle bought 15% of TikTok’s U.S. operations in January after China’s ByteDance was forced by U.S. law to divest.
Dow closes down nearly 300 points as oil prices climb on Iran war: Live updates
The Dow Jones Industrial Average fell on Wednesday as investors continued to eye developments in the U.S.-Iran war and oil prices.
Food prices could rise as Iran conflict disrupts fertilizer supply chain
The Iran conflict is disrupting fertilizer shipments through the Strait of Hormuz, raising supply concerns and potentially increasing global food inflation.
Chubb set as main U.S. insurer for Persian Gulf shipping amid Iran war
The insurance giant will work with the U.S. International Development Finance Corporation to help backstop shipping.
