The Iran war is forcing a rapid rethink among U.S.-wary global investors, who are increasingly scaling back their ‘Sell America’ bets and instead seeking sanctuary in the world’s largest and most liquid market. Nick Nelson, head of global equity strategy at Absolute Strategy Research, said that in the run-up to the conflict, the U.S. had…
Workers assemble a Leonardo AW139 helicopter on the production floor at the Leonardo plant in Varese, Italy, on Thursday, March 20, 2025. Bloomberg | Bloomberg | Getty Images Italian defense firm Leonardo said it is “positioned on a path of strong growth” on Thursday, as European defense companies stand to gain business from the war…
Iran’s new Supreme Leader Mojtaba Khamenei. Morteza Nikoubazl | Nurphoto | Getty Images Iran’s new Supreme Leader Mojtaba Khamenei said Thursday that the closure of the Strait of Hormuz maritime passage should be continued as a “tool to pressure the enemy,” in his first public statement since being appointed. Khamenei also said all U.S. military…
President Donald Trump speaks to supporters during a rally at the US Steel-Irvin Works on May 30, 2025 in West Mifflin, Pennsylvania. Jeff Swensen | Getty Images Here’s CNBC’s brief guide to Section 301s — what they are, why the White House has resorted to using them, and what President Donald Trump’s administration hopes to…
Gold prices rose on Tuesday, as the dollar dipped and oil prices eased, after U.S. President Donald Trump suggested the war in the Middle East could end soon. Hans-peter Merten | The Image Bank | Getty Images Gold surged during the 12-day war with Iran last year and then gave up its gains when a…
Fuel nozzles hang at a petrol pump at a fuel station in Guwahati, India, on March 11, 2026. Oil prices reverse course from recent highs, slipping to around 90 USD a barrel after remarks by U.S. President Donald Trump on the Iran conflict. Markets remain unsettled as traders monitor the evolving geopolitical situation. (Photo by…
Gasoline prices at a Uno-X gas station in Copenhagen, Denmark, on March 9, 2026. Nurphoto | Nurphoto | Getty Images Denmark’s energy minister urged citizens of the Scandinavian country to cut back on energy use and ditch cars as the price of oil continues to skyrocket amid the Middle East conflict. Lars Aagaard, Denmark’s minister…
A dark smoke cloud engulfs destroyed vehicles near an ongoing fire following an overnight airstrike on the Shahran oil refinery in northwestern Tehran on March 8, 2026. – | Afp | Getty Images Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily Open. While I am a…
Commercial vessels are pictured offshore in Dubai on March 11, 2026. AFP | Getty Images Three more foreign ships were struck in the Persian Gulf overnight, authorities said, as attacks intensify on vessels sailing through or near the strategically vital Strait of Hormuz. The latest incidents come after three separate vessels sustained damage in Gulf…
An oil pumpjack operates in the Inglewood Oil Field on March 10, 2026 near Los Angeles, California. Mario Tama | Getty Images LONDON — European stocks are expected to open lower on Thursday as investors monitor the Iran war and global oil prices. The U.K.’s FTSE index is seen opening 0.2% lower, Germany’s DAX down…
