Surging oil prices and the escalating U.S.-Israeli war with Iran hammered airline stocks in Asia on Monday, piling pressure on carriers already navigating ​tight airspace as travellers scramble to e
Crude oil futures surge as traders price a worst-case Iran supply risk. Oil outlook turns bullish with $100 support and $130 targets as Strait of Hormuz fears grow.
Oil prices jumped about 20% in early trading on Monday, ​hitting their highest since July ‌2022, as the expanding U.S.-Israeli war with Iran fuelled fears of tighter supply ​and prolonged disrup
Oil futures surged above $100/bbl as the Middle East conflict leads to supply disruptions in the region.
U.S. crude futures rose more than 20% in early trade on Monday, hitting ​their highest since July 2022, as the ‌expanding U.S.-Israeli war with Iran fuelled fears of tighter supply and prolonged d
Traffic through the Strait of Hormuz has ground to a virtual halt, unleashing the most severe energy crisis since the 1970s.
U.S. stock-market futures fell on Sunday as crude futures surged above $100 a barrel for the first time since 2022 amid growing fears about the economic effects of the conflict with Iran.
Global oil prices surged past $100 (£74, AU$142) a barrel for the first time since 2022 as fallout from the US-Israel war with Iran continues to wipe 20m barrels of oil from the market each day.
Futures for the Dow Jones Industrial Average were down 2% on Sunday, setting Monday up for a rocky start to the week.
Gulf Arab oil producers are cutting production as they run out of storage space because they can't export through the Strait of Hormuz
Rising oil prices can affect the stock market in significant ways.
Oil surged above $90 as Middle East tensions disrupted supply and threatened the shipping through the Strait of Hormuz, raising the possibility of a move toward $110 and potentially $150.
Markets today face geopolitical tension and rising oil prices as traders watch CPI, PCE inflation data and consumer indicators for clues on the Fed's next move.
The news doesn't stop when markets close. Hosts David Gura, Christina Ruffini and Lisa Mateo bring clarity and context to the weekend's biggest headlines, LIVE from New York.
Kuwait said it is cutting oil production due to "Iranian threats against safe passage of ships through the Strait of Hormuz." Kuwait is the fifth-largest oil producer in OPEC.
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