Iranian strikes are escalating in the Middle East with new attacks aimed at driving up oil prices, hitting infrastructure and attacking ships near the Strait of Hormuz. An Iranian official now says the world should brace for oil to reach $200 a barrel. NBC’s Richard Engel reports for TODAY.
Oil prices jumped Thursday morning to over $100 per barrel as Iran continued striking ships throughout the region. The global benchmark Brent crude climbed above $100 early Thursday morning for the first time since Monday before slipping slightly to $97.81. The spike came as Iranian attacks on ships in the Strait of Hormuz and Persian ...
US stocks plummeted Thursday as oil prices hit $100 again and Iran’s new supreme leader vowed to keep the Strait of Hormuz blocked – meaning prices could stay higher for longer.
Tanker ships in the Gulf region continue to be targeted by various Iranian munitions including air and sea drones. Three tanker ships were hit today. Secretary of Energy Chris Wright appears on Fox News to discuss the issues with Iran and the decision to release oil from the SPR. WATCH: WASHINGTON—U.S. Secretary of Energy Chris […] The post Energy…
NBC News Correspondents Richard Engel, Raf Sanchez, Christine Romans and Monica Alba discuss the latest escalations in the Middle East as oil prices surge and President Trump weighs options to lower the price of energy. Retired Colonel Steve Warren analyzes the next phase of the war in Iran and shifts in U.S. strategy.
There's "growing momentum to establish a naval protection system" in the Strait of Hormuz as Iran's military escalates attacks on commercial ships, Eurasia Group says.The big picture: U.S. Central Command warned "the Iranian regime is using civilian ports along the Strait of Hormuz to conduct military operations that threaten international shipping" and…
A fifth of the world’s oil passes through the strait, making it a critical choke point in global commerce.
Fourteen days in, the world is left with a dangerous combination: rising oil prices, rising casualties, and still no clear answer about how this war ends or what victory even means.
Attacks by Iran have already nearly halted the flow of oil through the vital waterway as commercial ship crews fear being hit by missiles, drones or mines.
On today's episode of Bloomberg Businessweek Daily, Carol Massar and Tim Stenovec speak with Bloomberg Economics chief geoeconomics analyst Jennie Welch on the impact on global energy markets as Iran's supreme leader says that the Strait of Hormuz will remain closed. Then, Skyler Weinand, chief investment officer at Regan Capital, discusses market reaction…
