Shares of the drone technology company might get a boost on Monday from a CBS 60 Minutes story that aired on Sunday.
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Brent crude futures were trading around $102 a barrel a barrel, while U.S. oil futures climbed above $100, before falling back.
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Kharg Island, a tiny coral outcrop off the Iranian coast, ships 90% of the country’s oil exports.
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American shoppers will still feel the pain from climbing global oil prices, beyond what they pay at the pump.
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The U.S. has temporarily lifted sanctions on Russian oil already at sea, through April 11, in a bid to boost the reach of existing oil supply.
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It isn’t just oil that’s at risk in an extended war. Key chip-making ingredients like helium and bromine come from the Middle East—as does an increasing amount of AI funding.
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For investors, the rhetoric has gone from the conflict being “over very soon” to “high oil prices for a year” in the span of a few days.
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Oil prices jumped Thursday despite the record release of emergency reserves by the U.S. and other countries.
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“I think what we saw over the prior 27 days was just the first stage of a deeper correction.”
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The energy shock has hit markets in Europe and Asia, but their growth drivers are intact. Where to find bargains.
Long Read
Oil prices climbed Wednesday as tensions escalated in the Strait of Hormuz—and despite the International Energy Agency confirming a record release of emergency oil reserves.
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From inflation and interest rates to a stock market reshuffling and the federal deficit, this war could have far-reaching financial effects. Investing moves to consider.
Long Read
Iran’s men’s national team was set to play in at least two World Cup matches in Los Angeles and one in Seattle.
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Airline stocks have been crushed since the Iran war started. But it may not be quite as bad as feared for U.S. carriers.
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Shares in electric-vehicle makers Rivian Automotive and NIO rise following an upgrade and strong earnings, respectively.
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Currently, tanker ships are unwilling to travel through the Strait of Hormuz, a critical chokepoint for oil.
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Crude oil briefly surged toward $118 a barrel before retreating below $90 Monday as governments signaled they might intervene.
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The energy historian Daniel Yergin is an expert in past oil shocks in the Middle East.
Long Read
Investors are hoping for a swift end to the Iran war, which has driven up oil prices over the past week and a half.
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Stocks mounted a major late-day rally as investors tried to get ahead of any post-war rally.
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A newly public company backed by President Donald Trump’s sons is aiming to join the defense stock boom.
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During the Iran-Iraq War in the 1980s, Iraqi aircraft repeatedly bombed Kharg in an attempt to cripple Iran’s economy.
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Stocks are bending, but not yet breaking, in the face of the historic oil price surge.
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Whether the emerging markets bull run continues will depend on how much the rise in oil prices threatens the global economy.
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The conflict may flip which country has the upper hand heading into the Trump-Xi negotiations next month, Diana Choyleva writes in a guest commentary.
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