Oil prices jumped to their highest levels in months on Monday as Iran and Israel escalated attacks in the Middle East, disrupting shipments from the region. Bloomberg Creative Photos | Bloomberg Creative Photos | Getty Images Oil prices surged Friday after Qatar’s energy minister said the Middle East war could result in Gulf exporters shutting…
This photograph shows a page on the Marinetraffic website thats shows commercial ship traffic on the edge of the Strait of Hormuz near the Iranian coast on March 4, 2026. Julien De Rosa | Afp | Getty Images After slapping 25% “penalty” tariffs on India for buying Russian crude — revoked last month — the…
Smoke rises from an Israeli strike targeting the southern suburbs on March 5, 2026 in Beirut, Lebanon. Daniel Carde | Getty Images Asia-Pacific markets were set to open lower Friday, tracking Wall Street losses overnight, as the Iran conflict sends energy prices higher. Overnight, oil prices broke through the $80 per barrel mark, with Brent…
The conflict in the Middle East is rapidly expanding across the region as the U.S. and Israel-led war with Iran enters its sixth day. Images published Thursday showed destruction across Tehran after nearly a week of strikes on Iran’s capital. Iran has retaliated by launching a wave of missiles and drones at Israel, as well…
People walking through the neon lit night streets of Sinchon in the heart of Seoul, South Korea’s vibrant capital city. Fotovoyager | E+ | Getty Images South Korea’s Kospi jumped as much as 12% on Thursday, staging a sharp rebound from its worst session, and on course to clock its best day, data from LSEG…
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch It was no surprise, when equity markets first reacted to news of the strikes on Iran, that the U.K.’s FTSE 100 fell by less than all of its major continental European peers. What is often seen as the Footsie’s weakness…
A currency trader monitors exchange rates in a dealing room at the Korea Exchange Bank in Seoul Jung Yeon-je | Afp | Getty Images South Korea’s Kospi plunged over 11% Wednesday, putting it on track for its worst day in more than two decades, and extending a steep sell-off from the previous session amid an…
Commercial ships anchor off the coast of the United Arab Emirates due to navigation disruptions in the Strait of Hormuz, Dubai on March 2, 2026. Stringer | Anadolu | Getty Images Oil supertanker costs in the Middle East climbed to their highest level on record as conflict between the U.S. and Iran disrupts shipping through…
A passenger Mohd Umardaraz from Bijnor Uttar Pradesh stranded at Terminal-3 Delhi airport after his flight for Kuwait is cancelled due to airspace restrictions over Iran and parts of the Middle East on March 1, 2026 in New Delhi, India. Arvind Yadav | Hindustan Times | Getty Images The first Emirates flight out of Dubai,…
People visit a Lockheed Martin booth displaying a model of a military transport plane during an arms fair, in Hanoi, Vietnam, on Dec. 19, 2024. Khanh Vu | Reuters Global defense stocks jumped on Monday as investors reacted to a dramatic military escalation in the Middle East over the weekend. The sector was a rare…