Oil prices plunge 15%, stock futures rally after Trump floats two-week Iran war ceasefire

Oil prices plunged and U.S. stock futures soared Tuesday evening after President Donald Trump announced “a double sided ceasefire” in the war with Iran at the request of Pakistan, who has been serving as an intermediary in recent talks. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. In … Read more

Oil jumps above $116 as Trump’s Strait of Hormuz deadline approaches

Oil prices jumped and stocks tumbled Tuesday morning, as the U.S. launched fresh strikes on Iran’s Kharg Island and as President Donald Trump’s 8 p.m. ET deadline to reopen the Strait of Hormuz approached without a clear resolution. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The price … Read more

Oil prices rise, stocks fall ahead of Trump’s Tuesday night deadline for Iran

Oil prices rose on Tuesday and stock futures fell ahead of President Trump’s 8 p.m. EST deadline for Iran to reopen the Strait of Hormuz to avoid sweeping airstrikes on infrastructure targets, including power plants and bridges. S&P 500 futures sank 0.5%, while Dow Jones Industrial Average futures pointed to a decline of 0.4%. Nasdaq futures … Read more

Iran war will throttle oil flows even if Strait of Hormuz reopens soon, analysis predicts

The Iran war will continue to disrupt global oil supplies even if a ceasefire in the region leads to a swift reopening of the Strait of Hormuz, according to a new analysis.   Henning Gloystein, managing director of energy, industry and resources at geopolitical risk consultancy Eurasia Group, said it would take several months to … Read more

Trump says he would like Iran’s oil but ‘American people would like to see us come home’

IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Trump says he would like Iran’s oil but ‘American people would like to see us come home’ 01:00 UP NEXT Trump says White House has more than 40,000 eggs for the Easter Egg Roll 01:37 Ongoing War in … Read more

Trump says he would keep Iran’s oil but Americans wouldn’t understand

Trump says he would keep Iran’s oil but Americans wouldn’t understand – CBS News Watch CBS News President Trump commented on potential proposals to end the war in Iran and said if it were up to him, he would keep Iran’s oil. Mr. Trump made the comments during the White House’s annual Easter Egg Roll. … Read more

Trump says Iran’s oil is ‘there for the taking’

IE 11 is not supported. For an optimal experience visit our site on another browser. Trumps participate in White House Easter Egg Roll 00:38 Now Playing Trump says Iran’s oil is ‘there for the taking’ 00:19 UP NEXT UCLA women’s basketball coach celebrates championship win 01:03 Savannah Guthrie returns to anchor ‘TODAY’ 00:19 U.S. Central … Read more

Asian shares mostly gain while oil prices keep rising

TOKYO — Asian markets that were open for trading mostly rose Monday, as investors continued to closely watch the war in Iran, soaring oil prices and what President Donald Trump might say next. Japan’s benchmark Nikkei 225 rose nearly 1.1% to 53,692.42 in morning trading. South Korea’s Kospi gained 1.5% to 5,460.24. Trading was closed … Read more