Oil prices surged again on Thursday after President Trump did not provide a clear timeline for the end of the Iran war or a potential reopening of the Strait of Hormuz during his nationwide address on Wednesday night. CBS News senior business and tech correspondent Jo Ling Kent has more. Source link
Russia said Thursday it plans to send a second oil tanker to Cuba after the U.S. allowed a first shipment earlier this week to pass through its blockade amid an energy crisis on the island. Republican Rep. Maria Elvira Salazar of Florida joins “The Takeout” to discuss. Source link
Stock futures dropped sharply and oil prices surged higher Thursday morning, after President Donald Trump’s address to the nation about the Iran war failed to reassure markets that the fighting would be over soon. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. S&P 500 futures dropped 1.7%, Nasdaq … Read more
Stocks are set to fall sharply on Thursday, while oil prices are surging after President Trump vowed to continue strikes on Iran and offered no new plan to reopen the Strait of Hormuz. S&P 500 futures sank 1.6% before the start of trading at 9:30 a.m. EST, while Dow Jones Industrial Average futures pointed to … Read more
NEWYou can now listen to Fox News articles! President Donald Trump called on the world’s countries to “build up some delayed courage” and “just take” the Strait of Hormuz while addressing the nation in a primetime speech on Iran Wednesday night. Movement in the strait, which is a narrow but crucial global oil trade passageway, … Read more
8m ago Oil prices surge, stocks fall as Trump offers “far less than what the market expected” Oil prices were sharply higher following Mr. Trump’s Wednesday evening remarks. Brent crude, the international standard, jumped 6.9% to $108.15 per barrel before early Thursday. Benchmark U.S. crude rose 6.4% to $106.55 a barrel. While renewed optimism … Read more
President Trump’s comments to reporters on Tuesday that he expects the U.S. to end its war with Iran in two or three weeks is buoying investors by easing global oil prices and boosting stocks. Yet such optimism is certain to fade quickly unless Iran agrees to reopen the Strait of Hormuz soon, according to economists, who warn that crude prices … Read more
The Trump administration on Tuesday exempted oil and gas drilling in the Gulf of Mexico from the Endangered Species Act after Defense Secretary Pete Hegseth said environmentalists’ lawsuits threatened to hobble domestic energy supplies as the U.S. wages war against Iran. Critics said the move by the government’s Endangered Species Committee could doom a rare … Read more
Key committee votes to exempt oil and gas activity in Gulf of Mexico from Endangered Species Act – CBS News Watch CBS News The Endangered Species Committee voted Tuesday to exempt oil and gas activity in the Gulf of Mexico from the Endangered Species Act protections. CBS News’ Shanelle Kaul has more. Source link
The Iran war is not only disrupting the global energy market but is also threatening the world’s supply of helium and aluminum, key materials used in products such as semiconductor chips, medical equipment and other everyday goods. Qatar, which accounts for roughly one-third of the world’s helium supply, stopped producing helium this month following Iranian strikes on … Read more