Stock futures surged and oil prices plunged on Wednesday as a two-week ceasefire in the Iran war eased fears of a prolonged energy shock that has rattled markets for more than five weeks. Futures for the Dow Jones Industrial Average soared 1,267 points, or 2.7%, to 48,079 in premarket trading. S&P 500 futures jumped 185 points, or … Read more
What the 2-week ceasefire with Iran could mean for markets, oil prices – CBS News Watch CBS News CBS News business contributor Javier David breaks down the latest movement in the stock market and what the two-week ceasefire with Iran means for oil prices. Source link
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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
Gasoline prices in the U.S., which have risen $1.16 a gallon since the start of the Iran war in February, could top $5 a gallon as soon as later this month if the Strait of Hormuz remains closed through mid-April, according to J.P. Morgan energy analysts. Higher prices at the pump could also consume “much or all” of … Read more
Delta Air Lines is hiking its bag-check fees, the latest U.S. carrier to increase the charge to fly hands-free as jet fuel costs rise due to the Iran war. Delta cited “evolving global conditions and industry dynamics” in announcing the change, which takes effect Wednesday. Fees for travelers’ first and second checked bags will rise … Read more
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
The surge in gas prices since the start of the Iran war is causing more Americans to rethink what they drive. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Early data from car shopping site Edmunds shows a growing share of consumers researching electric vehicles, hybrids and other … Read more
As California voters prepare to choose their next governor in 2026, energy policy — particularly the future of oil production, refineries and gas prices — has remained a central and complex issue in the race. California gas prices are the highest in the nation and are projected to rise as oil refineries leave the state. For … Read more
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