Power Insider: The markets are obsessed with the Strait of Hormuz. Why it matters less than you think
Retail and pro traders are obsessed with gauging the traffic in the Strait of Hormuz, thinking they can gain an edge on where oil prices are going. They can’t.
Trump renews criticism of UK, saying it should ‘drill, baby, drill’ for North Sea oil
Trump’s comments come at a time when the U.K. government has said the Iran war energy shock shows the need “to get off the fossil fuel rollercoaster.”
U.S. Treasury yields hold steady as markets eye Middle East resolution
U.S. Treasury yields were unchanged Wednesday as investors weighed the latest developments in the Middle East.
Luxury stocks fall as Iran war weighs on earnings; Hermes sinks 8%
Hermes said wholesale activity was “significantly affected” in the first quarter by lower sales to concession stores, particularly in the Middle East and in airports.
Why Wells Fargo says it might be time to take profits on energy — even as the bank hikes its oil price forecasts
Oil prices are likely to remain well above their levels prior to the Iran war, the consequences of which have choked global supply for the foreseeable future.
Chinese robotaxi companies forge ahead with UAE expansion despite Iran war
Ride-hailing company Didi plans to begin its first overseas robotaxi test in the United Arab Emirates later this year.
CNBC Daily Open: Back-to-back gains on Iran peace talks hope
Global stocks rally in back-to-back gains on optimism of renewed peace talks between the U.S. and Iran.
CNBC’s UK Exchange newsletter: Britain’s jet fuel crunch — and how we got here
The U.K.’s supply chain vulnerabilities could harm Britain’s ability to source jet fuel, posing a threat to the traditional summer getaway for British tourists.
ASML stock sinks amid tightening China restrictions despite strong earnings, guidance
Chip giant ASML saw a 5% drop Wednesday amid tightening export restrictions on sales to China, despite beating expectations and raising 2026 sales guidance.
European stocks lower as luxury slump weighs on sentiment
European stocks fell into the red on Wednesday as regional traders assess the trajectory of the U.S.-Iran war.
