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Energy
Southwest shipped jet fuel from Texas to California amid supply crunch
A Southwest Airlines Boeing 737 airplane lands at Los Angeles International Airport after arriving from Chicago on March 7, 2026.Kevin Carter | Getty ImagesHow volatile are fuel markets this year? Southwest Airlines hired a ship this…
Oil tankers under attack in Red Sea, Strait of Hormuz and Black Sea
Oil tankers are increasingly coming under fire on several fronts as economic warfare is deployed as a weapon in the escalating conflicts in the Middle East and Europe.Iran has stepped up its attacks on tankers in and around the Strait of…
Brent crude tops $100 a barrel. How the next stop could be $120
POWER POINTWhat I'm hearing from energy insidersU.S. oil just topped $90 a barrel and Brent crude passed $100 a barrel.A number of new factors could mean this crude comeback has legs.For example, what happens if all Iranian oil suddenly…
Houthis ready to attack ships in southern Red Sea, naval group says
Iran's Houthi allies in Yemen have completed preparations to attack ships transiting the Red Sea's southern access point, a maritime security group led by the U.S. Navy has warned. "Sources close to the group stated that the Houthis have…
Houthis declare maritime embargo against Saudi Arabia
Houthi militants in Yemen on Monday declared a maritime embargo against Saudi Arabia effective immediately, threatening to exacerbate the oil supply disruption triggered by Iran's attacks on tankers in the Strait of Hormuz. The Houthis…
Jim Cramer says these ‘Pavlovian trades’ are the stocks that benefit when
CNBC's Jim Cramer said Monday that rising oil prices are fueling a familiar rotation across the stock market, which took it on the chin to start the new trading week."Get ready for some Pavlovian trades," the "Mad Money" host said,…
Trump blasts New York Gov. Hochul over AI data center moratorium
New York Gov. Kathy Hochul and U.S. President Donald Trump.David Dee Delgado | Reuters | Saul Loeb | AFP | Getty ImagesPresident Donald Trump slammed New York Gov. Kathy Hochul's new data center moratorium on Wednesday, saying in a Truth…
Iraq, Syria to restore oil pipeline that provides alternative to Hormuz
Iraq and Syria signed an agreement on Friday to rebuild an oil pipeline that would provide an alternative to the Strait of Hormuz.Baghdad and Syria inked the deal at a Chamber of Commerce summit in Washington D.C. on U.S. investment in…
The best energy stocks right now as two major conflicts keep oil prices
POWER POINTWhat I'm hearing from energy insidersOpen. Closed. Down. Up.That's the recent rhythm of the Strait of Hormuz (SOH). It's also the subsequent moves in crude oil prices.I'm almost reluctant to write anything concrete here…
Renewed Hormuz hostilities drive ECB rates rethink amid ‘extremely
Christine Lagarde, president of the European Central Bank (ECB), speaking at the ECB Forum in Sintra, Portugal on July 1st, 2026.CNBCSeveral consecutive days of strikes exchanged between the U.S. and Iran have once again thrown oil…