Author: Editor-In-Chief
With oil prices soaring in the aftermath of the Iran war, House Majority Whip Tom Emmer appeared on CNBC’s “Squawk Box” on Monday and appealed for calm, calling the conflict a “short-term experience.””Certainly there will be a temporary impact on the domestic economy, but as soon as this is resolved, prices will come down and people will realize that this was a short-term cost to pay for a large long-term benefit in terms of peace and security,” the Minnesota Republican said.Read more CNBC’s political coverageThe US and Israel’s war against Iran has caused Middle Eastern countries to cut oil production.…
NEW YORK (AP) — Stock markets trembled around the world on concerns about whether the global economy could withstand a sharp rise in oil prices, which at one point soared to nearly $120 a barrel, the highest level since June 2022. The S&P 500 fell 0.8% early Monday, coming off its worst week since October. The Dow Jones Industrial Average fell 440 points, and the Nasdaq Composite Index fell 0.8%. If oil prices remain high for too long, households could face even worse inflation and businesses would face higher fuel costs. Losses widened in European and Asian stock markets. Japan’s…
Iranians have been told to pledge allegiance to Mojtaba Khamenei after he was named the country’s new supreme leader. All eyes are now on how he will lead Iran through one of the greatest crises in modern history, and what his first actions will be. The economic impact of the war has become even more severe, with global oil prices exceeding $100 per barrel, the first time they have exceeded that level since Russia’s invasion of Ukraine in 2022. The soaring prices were prompted by concerns that the conflict would lead to prolonged restrictions on oil flows around the world.…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.good morning. If you’re planning to fly soon, consider this a public service announcement and give yourself plenty of time to get in line for security.Stock futures are plummeting this morning following a losing week on Wall Street.Here are five important things investors need to know to start their trading day.1. Premium priceA tanker is seen off the coast of Fujairah, United Arab Emirates, March 3, 2026, amid a standoff between the US, Israel and Iran, with Iran vowing to close the Strait of Hormuz. Amr…
Coventry back on track for promotion Use Chrome Browser for a more accessible video player Highlights of Bristol City vs. Coventry City in the Sky Bet Championship Bristol City 0-2 Coventry And just like that, Coventry City looks inevitable once again. A few weeks ago, they lost a lead and tied a game they should have won. No more. Bristol City got a goal, but Joel Latibaudiere’s red card suddenly left them down to 10 men.A month ago, in uncertain circumstances, this would not have been three points for Coventry City. But a few minutes later Haji Wright ran through…
A drone photograph of the Evergreen container ship moored at Umm Qasr port during night operations in Basra, Iraq, on March 5, 2026. Mohamed Ati | ReutersBEIJING — The post-Iran war surge in oil prices is expected to have less of an impact on China than in past years, as the country accumulates large oil reserves and diversifies its energy sources, including renewables.With oil prices above $100 a barrel for the first time in four years, OCBC analysts said China may be “less sensitive than many of its Asian peers to a prolonged closure of the Strait of Hormuz.””China has…
National Transportation Safety Board (NTSB) Member J. Todd Inman speaks with journalists in the aftermath of the crash of American Eagle Flight 5342 and a Black Hawk helicopter into the Potomac River at Ronald Reagan Washington National Airport in Arlington, Virginia, U.S., January 31, 2025. Eduardo Muñoz | ReutersThe National Transportation Safety Board member who was the public face of the investigation into last year’s deadly crash involving a passenger plane and an Army helicopter near the nation’s capital announced Sunday that he has been fired by the Trump administration without explanation.Todd Inman said in a statement Friday that he…
“I don’t mind a little bit of heartbreak,” New Zealand captain Mitchell Santner said on the eve of the T20 World Cup final against India on home soil.But in the end, it was only the New Zealanders’ hearts that were broken. Also. The Black Caps have reached the World Cup final four times, losing four times. Two in the 50-over arena and two in T20. They are almost men in cricket. The 96-run defeat against all-conquering India in Ahmedabad may not be as frustrating as the “narrow” loss to England in the 2019 one-day international disaster at Lord’s. Use Chrome…
Traders at work at the New York Stock Exchange on March 2, 2026. new york stock exchange What you need to know todayOil prices finally did what analysts had been warning about last week, as Iran continues to blockade the vital Strait of Hormuz. On Sunday, oil prices exceeded $100 per barrel. This is the first time oil prices have crossed the $100 mark since Russia invaded Ukraine in 2022. By early Monday, West Texas Intermediate had come off its highs but was still up 12% to $102 a barrel. Brent, the global benchmark, was trading about 15% higher at…
It was built to ferry horse-drawn carriages across a notoriously wild stretch of water, and was a crucial connection between two island nations during Europe’s industrial revolution. When it was constructed in 1826, the bridge across the Menai Strait, between the north Wales mainland and the island of Anglesey, was a vision of the future. Suspended between the 1,368-foot gap at a height of 102 feet, this was the world’s first road suspension bridge to start construction. By the time it opened, it was the longest in the world, and remained so until the completion of the Brooklyn Bridge in…