Economy

Oil closes above $100 for second day as market shrugs off U.S. measures to reduce prices during Iran war

Traders are continuing to monitor developments in the Middle East. Overnight, Trump hinted that an end to the conflict was not imminent.

UK economy fails to grow in January ahead of Iran war energy price shock

Economists had been expecting gross domestic product to add 0.2%.

European stocks close lower as oil prices hold near $100 a barrel

European stocks closed lower Friday as the conflict in the Middle East brought mixed signals to markets.

How the Iran War Will Affect U.S. Energy Policy

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Do we want to keep fixing the same issue? Unlearned lessons from the first big oil crisis

As energy prices tripled in the 1970s due to Middle Eastern wars, Scandinavia, France and the Netherlands sped up green transition

Trump administration launches new forced labor investigations into dozens of countries as it fights to restore tariffs

March 13, 2026 / 12:32 AM EDT / CBS News

U.S. launches fresh Section 301 probes into 60 economies over forced-labor trade practices

The forced-labor probes follow Section 301 investigations launched on Wednesday, targeting excess industrial capacity across more than a dozen economies.

U.S. allows temporary purchases of Russian oil already at sea to stabilize energy markets

The U.S. has temporarily authorized the purchase of Russian oil stranded at sea to stabilize energy markets.

Trump weighs Jones Act waiver amid rising fuel prices, White House says

Updated on: March 12, 2026 / 6:12 PM EDT / CBS News

Why one of the world’s top travel hubs is chasing high‑spending business visitors

Singapore is betting big on business events—because they pay off. Under its Tourism 2040 roadmap, the country aims to triple MICE (Meetings, Incentives, Conferences and Exhibitions) tourism receipts.

Oil Soars As 2 Oil Tankers Explode In Persian Gulf, Iraq’s Oil Ports Stop Operations

What's clear is that the Middle East conflict has sent macroeconomic uncertainty soaring across the world, despite the White House saying the surge in energy prices is temporary.

Stocks making the biggest moves after hours: Adobe, Ulta Beauty, Lennar & more

These are the stocks posting the largest moves in extended trading.