Oil Prices Hold Gains After U.S. and Iran Trade Another Round of Strikes
Choppy trading in stocks and bonds also reflected anxiety among investors about the war’s effects on inflation and growth.
Iran has recent source-backed changes around Tanker Attacks Risk Overplaying Iran’s Hand, Analysts say and Oil Prices Hold Gains After U.S. and Iran Trade Another Round of Strikes.
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Iran’s history shows it is willing to dig in, even when it may suffer big losses.
Choppy trading in stocks and bonds also reflected anxiety among investors about the war’s effects on inflation and growth.
President Trump flew partway home from a NATO summit on an old Air Force One plane instead of the new Qatari-gifted plane, a surprise swap that came as the U.S. and Iran began trading strikes again. (Image credit: Alex Brandon).
The rise in oil prices comes after the Trump administration on Tuesday revoked a waiver that allowed Iran to sell oil. CBS News coordinating producer Richard Escobedo has more.
U.S. Central Command said the U.S. military is conducting a new wave of strikes on Iran at the direction of the president. The second night of strikes came after President Trump said the fragile ceasefire between the two countries was over as far as he was concerned. Will Todman, senior fellow for the Middle East Progr.
To discuss the latest developments in Iran and at the NATO summit, Geoff Bennett spoke with Ivo Daalder. He was the U.S. ambassador to NATO during the Obama administration and is now a senior fellow at Harvard University's Belfer Center.
The Dow Jones tumbled on Wednesday, closing down nearly 600 points as oil prices rose after President Trump declared the ceasefire with Iran "over." MarketWatch Washington bureau chief Rob Schroeder joins to discuss.
Oil prices jumped 6% while U.S. stocks fell as renewed Middle East conflict threatens crude shipments through the Strait of Hormuz.
The president appears to be confronting the consequences of a cease-fire deal cobbled together in haste, with little movement toward resolving the key issues driving the conflict.
Oil prices are likely to remain volatile as long as the United States and Iran are unable to resolve the status of the Strait of Hormuz.
Crude oil prices jumped and stock prices fell after President Trump declared an end to the cease fire with Iran, adding fresh uncertainty to an already shaky outlook for the global economy. (Image credit: Michael M. Santiago).
The military operation came hours after the U.S. Treasury revoked a waiver allowing global sales of Iranian oil.
Plus, using drones to watch for sharks.
Attacks on ships in the Strait of Hormuz sparked a new cycle of retaliation that could throttle the flow of energy from the region.
Trump says ceasefire between the U.S. and Iran is over, pressure mounts for Graham Platner to drop out of Maine Senate race, IOC opens door for Russian athletes to compete in 2028 Games.