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.
Samsung SDS shares jump 20% on KKR partnership and $820 million bond purchase
KKR & Co has agreed to acquire $820 million of newly issued convertible bonds from Samsung SDS, in a deal that creates a new strategic partnership.
Trump’s Hormuz blockade puts China, India in crosshairs as U.S. pressure on Iran spills over
The U.S. blockade of the Strait of Hormuz risks ratcheting up pressure on two of its most consequential relationships in Asia — India and China.
U.S. says Hormuz blockade ‘fully implemented,’ while signaling diplomatic off-ramp for Iran
The White House has been signaling a diplomatic solution to the conflict in the Middle East, as discussions around continuing negotiations with Tehran are underway.
CNBC Daily Open: S&P 500 nears all-time high
Markets are rising on Iran-U.S. talks, but there remains massive disagreements over the Strait of Hormuz.
