Crude closes above $100 for first time in 4 years

Crude closes above $100 for first time in 4 years

Oil settles about $100 per barrel for the first time since 2022 after Iran’s new Supreme Leader Mojtaba Khamenei pledges to keep the Strait of Hormuz closed. U.S. Energy Secretary Chris Wright and Treasury Secretary Scott Bessent say the U.S. Navy will be helping to escort tankers out of the Gulf once military conditions are met. The U.S. government has sought to further ease prices by lifting sanctions on Russian oil already in transit. Russia’s ambassador to the United Kingdom, Andrey Kelin, tells CNBC that Russia stands by Iran and that the U.S. and its allies are solely to blame for the Gulf crisis. Rate cut expectations are dampened as concerns over a prolonged conflict send the dollar and yields higher while equities fall into the red.

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U.S., Iran sign peace deal MOU

U.S., Iran sign peace deal MOU

The U.S. and Iran both sign their MOU for their peace framework. Crude prices tumble with hopes growing that the Strait of Hormuz will now re-open. President Trump warns the U.S. will reserve the righ...

18 Kesä 23min

U.S.-Iran peace deal to include $300bn funding plan

U.S.-Iran peace deal to include $300bn funding plan

More details of the U.S.-Iran peace agreement framework have been revealed with reports of a $300bn investment fund for Tehran along with renewed export capacities. We are live at the G7 summit in Evi...

17 Kesä 30min

Trump arrives at G7 summit following Iran peace deal signing

Trump arrives at G7 summit following Iran peace deal signing

U.S. President Donald Trump arrives at the G7 summit in Evian, France, touting a win via the signing of a peace framework with Iran. The deal extends the ceasefire by 60 days and re-opens the Strait o...

16 Kesä 29min

U.S. and Iran reach peace deal

U.S. and Iran reach peace deal

The U.S. and Iran agree to a plan to end the war and reopen the Strait of Hormuz. Negotiations about Iran’s nuclear capabilities will be discussed over the next 60 days. Crude prices fall back towards...

15 Kesä 32min

Investors await historic SpaceX listing

Investors await historic SpaceX listing

Global investors eagerly anticipate today’s SpaceX IPO – the biggest in history – with the company raising $75bn ahead of listing. President Trump postpones strikes on Iran, saying a peace agreement c...

12 Kesä 28min

Iran vows to target Strait of Hormuz-bound ships

Iran vows to target Strait of Hormuz-bound ships

The U.S. and Iran exchange fire for a second night with Iran targeting U.S. bases in the Gulf, vowing to target any vessels crossing the Strait of Hormuz. President Trump has voiced frustration over s...

11 Kesä 27min

 U.S.-Iran resume fire following downing of Apache in Gulf

U.S.-Iran resume fire following downing of Apache in Gulf

The U.S. and Iran exchange fire following the downing of an American Apache helicopter over the Strait of Hormuz. Tehran claims to have targeted U.S. bases in Jordan, Kuwait and Bahrain as a result. A...

10 Kesä 29min

OpenAI targets $1tn US listing

OpenAI targets $1tn US listing

OpenAI decides to confidentially file to list with a reported target valuation of $1tn. Perplexity CEO Arvand Srinivas tells CNBC he hopes to take his company public in the medium term and that the su...

9 Kesä 29min

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