Jerry Lin
The Latest
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Oil Surges After Houthis Claim First Attacks on Saudi Tankers Enforcing Red Sea Embargo
Oil prices climbed sharply Thursday after Yemen's Houthi movement said it struck two Saudi oil tankers while enforcing its newly announced embargo on Saudi crude shipments through the Red Sea. The reported attacks mark the first time the Iran-backed group has claimed to target Saudi tankers in the waterway since announcing the embargo earlier this week. 
Oil prices climbed sharply Thursday after Yemen's Houthi movement said it struck two Saudi oil tankers while enforcing its newly announced embargo on Saudi crude shipments through the Red Sea. The reported attacks mark the first time the Iran-backed group has claimed to target Saudi tankers in the waterway since announcing the embargo earlier this week. -
Brent Crude Rises 3.6% as U.S.-Iran Ceasefire Prospects Fade, Strait of Hormuz Tensions Persist
Oil prices climbed sharply Wednesday as hopes for a ceasefire between the United States and Iran continued to fade, with Secretary of State Marco Rubio saying Tehran remains "not serious about talks" while the U.S. military carried out another night of strikes targeting Iranian military infrastructure. Oil prices climbed sharply Wednesday as hopes for a ceasefire between the United States and Iran continued to fade, with Secretary of State Marco Rubio saying Tehran remains "not serious about talks" while the U.S. military carried out another night of strikes targeting Iranian military infrastructure. -
U.S. Gas Prices Climb Back Above $4 as Iran Conflict, Strait of Hormuz Tensions Push Oil Higher
Average U.S. gasoline prices have climbed back above $4 per gallon for the first time in more than a month as the conflict between the United States and Iran continues to intensify, lifting crude oil prices and renewing concerns about energy supplies moving through the Strait of Hormuz. The rebound in fuel costs follows a sharp rally in global oil markets amid escalating military operations across the Middle East. 
Average U.S. gasoline prices have climbed back above $4 per gallon for the first time in more than a month as the conflict between the United States and Iran continues to intensify, lifting crude oil prices and renewing concerns about energy supplies moving through the Strait of Hormuz. The rebound in fuel costs follows a sharp rally in global oil markets amid escalating military operations across the Middle East. -
61% of Americans Pessimistic About Economy, CNBC Poll Shows, With Most Blaming Trump
A growing majority of Americans hold a negative view of the U.S. economy and expect conditions to deteriorate further, according to a new CNBC poll that found widespread dissatisfaction with President Donald Trump's handling of economic issues as consumers continue adjusting their spending to cope with higher living costs. 
A growing majority of Americans hold a negative view of the U.S. economy and expect conditions to deteriorate further, according to a new CNBC poll that found widespread dissatisfaction with President Donald Trump's handling of economic issues as consumers continue adjusting their spending to cope with higher living costs. -
ECB Braces for New U.S.-Iran Escalation as Oil Shock Pushes Eurozone Inflation to 3.2%
Renewed military clashes between the United States and Iran are forcing the European Central Bank to reassess its interest-rate outlook, as rising oil prices threaten to deepen an energy shock that has already pushed eurozone inflation above the central bank's target and weakened expectations for economic growth. 
Renewed military clashes between the United States and Iran are forcing the European Central Bank to reassess its interest-rate outlook, as rising oil prices threaten to deepen an energy shock that has already pushed eurozone inflation above the central bank's target and weakened expectations for economic growth. -
Fed Chair Kevin Warsh Vows to Make 5-Year Inflation Surge ‘A Thing of the Past’ as CPI Slows to 3.5%
Federal Reserve Chairman Kevin Warsh pledged Tuesday to restore price stability and make the inflation surge of the past five years "a thing of the past," as a cooler-than-expected U.S. inflation report offered relief to households even while renewed tensions with Iran threatened to push energy costs higher again. 
Federal Reserve Chairman Kevin Warsh pledged Tuesday to restore price stability and make the inflation surge of the past five years "a thing of the past," as a cooler-than-expected U.S. inflation report offered relief to households even while renewed tensions with Iran threatened to push energy costs higher again. -
IBM Shares Plunge More Than 20% After Q2 Earnings and $17.2 Billion Revenue Miss Estimates
International Business Machines shares plunged more than 20% in premarket trading Tuesday after preliminary second-quarter results missed Wall Street expectations, with IBM blaming a sudden shift in customer spending toward servers, storage and memory chips as companies raced to secure scarce hardware. 
International Business Machines shares plunged more than 20% in premarket trading Tuesday after preliminary second-quarter results missed Wall Street expectations, with IBM blaming a sudden shift in customer spending toward servers, storage and memory chips as companies raced to secure scarce hardware. -
U.S. Debt Interest Hits $24 Billion a Week as National Debt Climbs to $39.4 Trillion, CBO Says
The cost of financing the U.S. government's record debt is accelerating, with interest payments emerging as one of the fastest-growing items in the federal budget as the national debt surpasses $39.4 trillion, according to new estimates from the Congressional Budget Office (CBO). 
The cost of financing the U.S. government's record debt is accelerating, with interest payments emerging as one of the fastest-growing items in the federal budget as the national debt surpasses $39.4 trillion, according to new estimates from the Congressional Budget Office (CBO). -
Oil Jumps More Than 5% After Trump Declares Iran Ceasefire 'Over' Following Hormuz Attacks
Brent crude, the international benchmark, climbed more than 5% to trade above $78 a barrel in early U.S. trading, while West Texas Intermediate rose nearly 5% to about $73.94 per barrel. The advance reflected growing fears that renewed military action around the Strait of Hormuz could disrupt global oil exports, sending investors toward energy assets while broader equity markets moved lower. Brent crude, the international benchmark, climbed more than 5% to trade above $78 a barrel in early U.S. trading, while West Texas Intermediate rose nearly 5% to about $73.94 per barrel. The advance reflected growing fears that renewed military action around the Strait of Hormuz could disrupt global oil exports, sending investors toward energy assets while broader equity markets moved lower. -
Oil Prices Rise After Iranian Missile Strike on Commercial Ships in Strait of Hormuz Threatens Nuclear Talks
Oil prices rose Tuesday after Iran allegedly launched missiles at two commercial vessels transiting the Strait of Hormuz, escalating tensions in one of the world's most strategically important shipping lanes and casting fresh uncertainty over stalled nuclear negotiations between Washington and Tehran. The reported attack comes just one week after both sides had agreed to halt military activity in the waterway as part of broader efforts to stabilize the region following months of conflict. Oil prices rose Tuesday after Iran allegedly launched missiles at two commercial vessels transiting the Strait of Hormuz, escalating tensions in one of the world's most strategically important shipping lanes and casting fresh uncertainty over stalled nuclear negotiations between Washington and Tehran. The reported attack comes just one week after both sides had agreed to halt military activity in the waterway as part of broader efforts to stabilize the region following months of conflict.
