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Trump announces sanctions relief to ease oil prices, says Iran war to end ‘very soon'
President Donald Trump said the U.S. is waiving oil-related sanctions on certain countries in an effort to ease crude prices, as he estimated the war with Iran would end “very soon.”
This isn't over 'not by a long way', says Paul Sankey on disruption in oil market
Paul Sankey, Sankey Research, joins 'Fast Money' to talk the rebound in oil prices, why he thinks disruptions in the Middle East are far from over, and much more.
Monday's Final Takeaways: Chips Rally & Crude Oil Flips Negative
A volatile start to the trading week began with crude oil above $100 before ending the session below $90. Alex Coffey and Sam Vadas explain what happened and why it's a stunning reversal for investors.
US considering selling oil from strategic reserve, US energy chief says
U.S. Energy Secretary Chris Wright said on Monday that the U.S. is considering coordinating sales of oil from the U.S. Strategic Petroleum Reserve with releases from other countries as prices soar during the war on Iran.
50 years of oil-price shocks have taught us that only 2 things matter to markets right now
Virtually every major asset class has been stung by volatility over the past week as the combined U.S. and Israeli assault on Iran caused one of the most rapid spikes in crude-oil prices on record.
Oil Swings Back Below $100 After Historic Whipsaw Sent Price To 4-Year High
GasBuddy logged the national average price for a gallon of gas at $3.48 on Monday, a dramatic increase poised to rise within the next month.
Fears of 1970s-style stagflation arise with oil spike to $100. How big a threat is it?
With oil spiking to $100 a barrel and the job market essentially paralyzed, the threat of stagflation again is looming over the U.S. economy and financial markets. High inflation and slow growth present a double threat, as stimulative measures such as interest rate cuts and government spending only aggravate inflation.
G7 energy ministers to meet Tuesday morning to discuss release of oil reserves, sources say
Energy ministers from the Group of Seven nations will hold a virtual meeting Tuesday morning to discuss a potential release of oil reserves. The U.S. believes a joint release of 300 million to 400 million barrels would be appropriate, a source told CNBC.
Oil tankers transiting Strait of Hormuz 'must be very careful,' Iran foreign ministry warns
Oil tankers passing through the Strait of Hormuz "must be very careful," the spokesman for Iran's Ministry of Foreign Affairs told CNBC. MarineTraffic map showing current ships traffic on Strait of Hormuz dislplayed on a laptop screen and MarineTraffic logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on March 5, 2026.
How much oil do G7 countries hold in emergency reserves?
The Group of Seven countries are considering releasing emergency oil stocks to address the Middle Eastern supply crisis, the International Energy Agency said on Monday, as oil prices surged to as high as almost $120 per barrel.
No decision yet on G7 releasing oil stocks, France's Lescure says
G7 countries have not made a decision yet on the potential release of emergency oil stocks in the wake of the U.S.-Israeli war on Iran, France's Finance Minister Roland Lescure said on Monday.
How will central banks respond to the war in Iran & soaring oil prices?
Conflict in the Middle East and a surge in crude oil prices are setting the stage for a closely watched Federal Reserve meeting next week. Rising energy costs will fan inflation fears, with key U.S. CPI and PCE data due in the coming days.
