Oil rose in early Asian trade. There's an escalation of Middle East tensions and risks of oil supply disruptions, Commerzbank Research said.
Global portfolio strategist James Kostohryz explains why the US-Israel conflict with Iran is likely to be prolonged, posing underestimated risks to global markets and oil supply. A sustained oil shock could drive Brent above $100–$200, triggering recession and S&P 500 declines; current market pricing is complacent.
It's hard to overstate just how unusual trading was on Tuesday.
RBC's Helima Croft joins 'Fast Money' to talk the impact of an extended oil disruption on the global economy,
Motorists are already on high alert for any changes to prices for gasoline at the pump as the U.S. conflict with Iran spreads beyond last weekend's air strikes.
Stocks closed lower Tuesday as oil prices climbed on fears that fighting in the Middle East could drag on
President Donald Trump says the US will escort oil tankers and other vessels through the Strait of Hormuz if needed. Energy prices stabilized.
High oil prices can be expected for “a little while,” President Donald Trump said Tuesday, as he predicted a significant fall for crude when the U.S. operation against Iran ends.
Traders initially treated the Iran conflict as just another geopolitical blip. That assumption is becoming harder to defend, Carolyn Kissane writes in a guest commentary.
Bears control the S&P 500 as volatility builds. Will 6831.50 hold, or is a deeper slide toward the 200-day moving average coming?
Energy markets are now “clearly in the crosshairs” of the Iran conflict, according to RBC Capital Markets, which warns of oil prices into the $100s per barrel if fighting and disruption persists. In a new commodities note on Iran flashpoints, the bank says the Strait of Hormuz is effectively closed after vessel attacks and the withdrawal of war risk insurance.
The U.S.-Israel war on Iran has disrupted oil and natural gas exports from the Middle East and forced production stoppages from Qatar to Iraq.