Economy

Europe’s biggest airlines say fuel price spike caused by Iran war will drive up fares

Carriers warn they cannot hold off passing on costs for long, while some airlines plan to increase flights via Asia

Brent crude oil prices surge again nearing $120

The price of global oil rose on Thursday, as the energy market continues to react to the United States and Israel’s war with Iran.

Buzz kill: US breweries shutter as fanfare over craft beers appears to fade

Covid-related downturns and reductions in alcohol consumption have taken a toll on a once booming industry

Gas prices: Increases to $3.88 per gallon, nearly 30 cents higher than a week ago

The U.S. national average price for regular gasoline continued to soar on Thursday, reaching $3.884 per gallon. It marks a nearly 30-cent-per-gallon increase from a week ago, when the average price of a gallon of regular gas was $3.598, according to AAA.

We can tell you who will really get rich from this oil crisis – and how we can stop them

Soaring oil costs signal the great transfer of wealth away from households, but also a new opportunity to redistribute it

Gold and silver sell-off accelerates as inflation fears grip global markets

The metals shed around 5% and 10%, respectively, while mining stocks and ETFs linked to gold and silver also fell.

Gulf energy escalation: Key regional facilities come under attack

Iran steps up attacks on Gulf energy infrastructure following an Israeli strike on its South Pars gas field, with Qatar's key Ras Laffan Industrial City suffering "extensive damage". CNBC's Dan Murphy reports from Dubai.

European stocks close lower as Iran war intensifies; miners lead losses

European stocks slumped over 2% on Thursday as the Iran war escalates following attacks on Iranian and Qatari energy infrastructure.

Inside India newsletter: Gold loans are thriving in India

Gold-backed lending, a billion-dollar industry, is reshaping India’s retail credit landscape and drawing global investors to the sector.

Why Western playbooks fail in China

China’s $7 trillion consumer market was once a reliable growth engine for Western brands, but as competition intensifies and trends move at digital speed, success if no longer a given. Still, they haven’t given up. Global companies are now turning to private equity partners to navigate a market that is less forgiving than before, but will that be enough to stay competitive?

Gas prices rise as oil hits $111 a barrel

Updated on: March 18, 2026 / 5:52 PM EDT / CBS/AP

Iran missile attack on Qatar causes 'extensive damage' to facility housing huge gas plant

Iran's Revolutionary Guard had threatened to attack energy facilities in Qatar, Saudi Arabia and the United Arab Emirates.