Motorists drive their vehicles past a billboard depicting named Iranian ballistic missiles in service, with text in Arabic reading “the honest [person’s] promise” and in Persian “Israel is weaker than a spider’s web”, in Valiasr Square in central Tehran on April 15, 2024. Iran on April 14 urged Israel not to retaliate militarily to an … Read more
Markets kept their cool on Monday amid a fast-moving and volatile geopolitical landscape in the Middle East — but the longer-term risk premium has likely risen, while oil prices remain on edge, analysts said. Iran launched more than 300 drones and missiles against military targets in Israel on Saturday, marking the first direct attack on the Jewish … Read more
A refinery from the north of the Persian Gulf in Iran. Saeid Arabzadeh | Afp | Getty Images Oil prices could soar to $100 per barrel and beyond, said market watchers, after Iran mounted an aerial attack against Israel reigniting fears of a regional war. Iran is home to vast oil resources and is the … Read more
An anti-missile system operates after Iran launched drones and missiles towards Israel, as seen from Ashkelon, Israel April 14, 2024. Amir Cohen | Reuters (View a special livestream of CNBC’s coverage of the conflict and market impact at 6 p.m. ET Sunday here.) Crude oil futures were set to open higher Sunday after Iran launched … Read more
President Joe Biden’s administration on Friday finalized a new rule to modernize the long-outdated federal oil and gas leasing program. The Interior Department rule significantly increases how much energy companies must pay to lease and drill on federal lands, and it gives federal land managers greater authority to keep fossil fuel development away from sensitive … Read more
File photo of Israeli F-16 fighter jets performing during an air show over the beach in the Israeli coastal city of Tel Aviv on May 5, 2022. Jack Guez | Afp | Getty Images U.S. crude oil broke $87 a barrel on Friday as futures rallied on reports that Israel is preparing for a direct … Read more
The price of gas is displayed at a gas station on January 23, 2023 in Miami, Florida. Joe Raedle | Getty Images Crude oil futures fell on Thursday as worries about inflation overshadowed fears of a potential Iranian strike on Israel for the moment. The West Texas Intermediate contract for May delivery lost 74 cents, … Read more
Iranian people are standing in front of an anti-U.S. and anti-Israeli banner during a rally commemorating International Quds Day, also known as Jerusalem Day, and attending a funeral for members of the IRGC Quds Force who were killed in an Israeli air strike in Syria, in Tehran, Iran, on April 5, 2024. Morteza Nikoubazl | … Read more
Israeli Defence Minister Yoav Gallant (L) visit the troops participating in Gaza Strip and made a situation assessment with the commanders in Rafah, Gaza on March 13, 2024. Ariel Hermoni | Anadolu | Getty Images Crude oil futures were lower Tuesday as Gaza ceasefire negotiations appeared to stall and Israel vowed to launch an offensive … Read more
Iranian attend the funeral procession for seven Islamic Revolutionary Guard Corps members killed in a strike in Syria, which Iran blamed on Israel, in Tehran on April 5, 2024. Atta Kenare | Afp | Getty Images U.S. crude oil futures fell on Monday as the market waited for Iran to retaliate against Israel over a … Read more
