President Trump is offering political risk insurance to any tankers operating near Iran as the Iran war continues. Jatin Dua, director of the Oceans Lab at the University of Michigan, joins “The Daily Report” to discuss. Source link
Oil prices swung sharply Tuesday as conflicting reports about shipping in the Strait of Hormuz drove oil prices down for much of the morning, then higher in the afternoon. U.S. crude oil initially plunged more than 16%, slipping below $77 per barrel at one point. But the move faded, and WTI climbed to trading around … Read more
U.S. motorists are likely to face higher gas prices for several weeks even if crude oil remains stable, according to GasBuddy petroleum analyst Patrick De Haan. Global crude prices swung wildly on Monday, soaring to nearly $120 a barrel earlier in the day before dropping after President Trump told CBS News that the U.S. war with … Read more
Trump says he “knew oil prices would go up” but it’s been less than he anticipated – CBS News Watch CBS News President Trump said he “knew oil prices would go up,” but it’s been less than he anticipated after oil prices hit more than $100 per barrel on Monday. CBS News’ Kelly O’Grady has … Read more
Trading steadied early Tuesday and crude prices eased after wild swings this week with investors trying to figure out how long the war with Iran will continue. Futures for the Dow Jones Industrial Average rose 0.2% before the opening bell, while S&P 500 futures inched up 0.1%. Futures for the Nasdaq were up 0.2%. On … Read more
NEWYou can now listen to Fox News articles! One week into the war with Iran, U.S. officials say American and Israeli forces are moving toward “complete control” of Iranian airspace — clearing the way for deeper strikes, a broader target list and a conflict that appears to be expanding rather than winding down. In briefings … Read more
How the Strait of Hormuz impacts oil prices amid the conflict in the Middle East – CBS News Watch CBS News About 20% of the world’s oil goes through the Strait of Hormuz, which is a crucial waterway south of Iran. Kelly O’Grady explains how it impacts the oil market worldwide. Source link
Gas prices rose 14% during the first week of the joint U.S.-Israel war with Iran, according to AAA. CBS News contributor J.D. Durkin joins from the New York Stock Exchange with analysis. Source link
As the war with Iran causes the price of oil to skyrocket, the CEO of United says that it could soon affect airline prices. Clint Henderson, managing editor for travel website The Points Guy, joins to discuss. Source link
The White House said it was also “in constant coordination with the relevant agencies on this important issue.” “President Trump and his entire energy team have had a strong game plan to keep the energy markets stable well before Operation Epic Fury began, and they will continue to review all credible options,” White House spokeswoman … Read more