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At Close: Jun 04, 2026
CIBC's Rebecca Babin joins 'Fast Money' to talk the state of global oil markets as the Iran war drags on.
U.S. crude ​futures rose more ‌than $1 on Tuesday as ​U.S. President ​Donald Trump heightened ⁠his rhetoric ​against Iran, ​threatening stronger action if the country ​fails to ​reop
The Strait of Hormuz saw an uptick in traffic over the weekend, as a looming U.S. deadline for Iran to reopen the key waterway kept markets on edge.
U.S. President Trump said that Iran would be decimated if the country did not agree to a deal.

Best-Performing Leveraged ETFs of Q1 2026

11:01am, Monday, 06'th Apr 2026
Oil shock and Iran war reshaped Q1, sending some leveraged energy ETFs soaring.
The light crude oil markets jumped to start the session on Monday, but have since settled back down as headlines drive where we go next.
India's National Stock Exchange will launch exchange-traded derivatives based on Platts ​oil price benchmarks through a ‌collaboration with S&P Global Energy, the bourse said on Monday.
8:10am: Oil pulls back from highs Stocks look set for a cautious but slightly upbeat open, with futures inching higher as investors juggle geopolitical tension, economic data, and fresh corporate head
Analysts led by Yulia Zhestkova Grigsby, a commodities strategist, looked at product supplies, price responses and anecdotes to address the issue of whether the global economy is running short of oil.
Oil prices are falling on Monday after President Donald Trump threatened to knock out Iran's power plants if it doesn't reopen the Strait of Hormuz by Tuesday.
President Trump's deadline for a deal with Iran is Monday. A ceasefire deal would likely cause crude prices to decline, while an escalation in the conflict would drive them higher.
President Donald Trump ramped up his threats against Iran over the weekend, pledging strikes against key energy infrastructure if Tehran doesn't reopen the Strait of Hormuz.
WTI Crude takes a breather at $111 as traders weigh a potential 45-day US-Iran truce against ongoing Strait of Hormuz risks. Is the next stop $115.40?
India's energy ministry said refiners have secured crude supplies from more than 40 countries, including Iran. India is buying oil from Iran after a hiatus of seven years.
The IMF warns the Middle East war acts as a 'sudden tax' on the global economy. Find out why 'all roads' lead to higher energy prices.
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