CBS News has learned that despite the U.S.-Israeli war, for the first nine days of March, Iran exported about 30% more oil than in the first nine days of February. Matt Gutman has more. Source link
Global energy prices remain elevated after Iran’s new Supreme Leader vowed to keep the Strait of Hormuz closed in a statement released Thursday. Laura Sanicola, senior writer for Barron’s, joins “The Daily Report” to discuss. Source link
This is the online version of From the Politics Desk, a daily newsletter that brings you the NBC News Politics team’s latest reporting and analysis from the White House, Capitol Hill and the campaign trail. In today’s edition, Jonathan Allen sorts through President Donald Trump’s messaging shift on oil prices. Plus, Jane C. Timm dives … Read more
The Trump administration announced Wednesday that it would release 172 million barrels of oil from the Strategic Petroleum Reserve. James Bikales, energy reporter for Politico, joins CBS News to discuss what impact that may have on gas prices. Source link
The price of oil jumped more than 8% on Thursday, as the International Energy Agency said the U.S.-Israel war on Iran was “creating the largest supply disruption in the history of the global oil market.” The price of international Brent crude oil rose to more than $100 per barrel, while U.S. crude oil rose above … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Iran targets global oil trade amid U.S., Israeli strikes 00:56 UP NEXT Katie Perry wins trademark battle against Katy Perry 00:20 Inside a Beirut hospital treating wounded children 01:24 Jet skiers appear to get stuck on icy river … Read more
Stock futures slid and oil prices surged above $100 a barrel on Thursday as Iran continued its assaults on U.S. Gulf allies and tankers in the Persian Gulf, with a massive release of oil supplies by the International Energy Agency doing little to calm jittery investors. “Iran’s strategy of sowing economic chaos in the Gulf … Read more
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DUBAI, United Arab Emirates — Iran’s unrelenting attacks on shipping traffic and energy infrastructure in the Persian Gulf pushed oil back above $100 a barrel on Thursday, as American and Israeli strikes pounded the Islamic Republic with no sign of an end to the war in sight. Iran is trying to inflict enough global economic … Read more
Oil prices rose back above $100 and stocks sank Thursday as Iran’s attempts to hit supplies in the Middle East and bring down the global economy overshadowed a record release of strategic crude reserves by the International Energy Agency. Stock markets in Asia closed down Thursday and European markets opened with losses as investors saw … Read more