If there are any winners from the war with Iran in the business world, they are Western oil companies that are reaping the rewards of much higher energy prices. But don’t expect them to invest their bumper profits into pumping a lot more oil and natural gas — at least not yet. In fact, there…
More commercial flights have been departing from Iran’s largest airport following its reopening last week. Iranian authorities announced the resumption of flights at Imam Khomeini international airport after approximately 58 days of suspension since the launch of the US-Israel war on Iran. Flight information boards also went offline after the closure of Iran’s airspace. Recommended…
For oil and gas companies, it has been a profitable war. The energy shock caused by the conflict in Iran, missile attacks on oil and gas facilities in the Persian Gulf and, most crucially, the halt on shipping traffic in the Strait of Hormuz have produced a spectacular bonanza as energy prices have soared. The…
Pedestrians at Pitt Street Mall in Sydney, Australia, on Thursday, July 24, 2025. Brendon Thorne | Bloomberg | Getty Images Markets in Australia and Japan mostly rose Friday, mirroring gains on Wall Street that saw both the S&P 500 and Nasdaq Composite reach new highs. This comes as investors took in strong earnings from Apple…
Iran’s supreme leader issued a rare statement on Thursday saying that the United States had no place in the future of the Persian Gulf region and making clear that his country planned to manage the strategic Strait of Hormuz waterway going forward. In the defiant message, Ayatollah Mojtaba Khamenei also vowed that Iran would retain…
The four-star generals and admirals who lead U.S. military commands have all requested the support of amphibious ready groups and Marine Expeditionary Units, according to the highest-ranking officer in the U.S. Marine Corps. U.S. Marine Corps Commandant Gen. Eric Smith told audience members at Modern Day Marine in Washington on Thursday that the demand for…
Defense Secretary Pete Hegseth controversially claimed on Thursday that the fragile ceasefire with Iran means that President Donald Trump does not yet have to seek congressional consent to extend the war. Hegseth argued that the pause in hostilities freezes the ticking clock that would otherwise require the president either to get agreement from lawmakers or…
A “For Lease” sign in the Financial District of San Francisco, California, US, on Wednesday, May 3, 2023. Jason Henry | Bloomberg | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals…
WASHINGTON — Ten months after Congress passed its reconciliation effort, only $26 billion of the roughly $152 billion earmarked for defense has been placed on contract, Defense Secretary Pete Hegseth said today. However, Hegseth told members of the Senate Armed Services Committee that the money is set to start flowing soon, saying, “we’ve got the…
President Donald Trump has renewed his attacks on German Chancellor Friedrich Merz as the rift between the United States and one of its closest European allies widens over Berlin’s criticism of the war on Iran. The US president suggested on Thursday that Merz should focus on German and European affairs rather than comment on the…
