Economy

Energy Markets Face 'Heart Attack' as Gulf Infrastructure Targeted in Iran Conflict

The escalating conflict in Iran is posing a significant risk to energy infrastructure across the Middle East and Persian Gulf, including crucial crude oil transit routes as well as facilities used to refine and produce oil and natural gas.

How traders played Monday's comeback, and what they think will keep working during the turmoil

Monday's trading action showed the historical precedent around geopolitical shocks holds true, and hinted at what investments could continue to work.

Jamie Dimon says Trump’s $5 billion debanking lawsuit ‘has no merit’ but he’s sympathetic to concerns

The suit against JPMorgan, the world's biggest bank by market cap, and its CEO puts Dimon in an awkward position.

Satellite Images Reveal Aftermath Of Drone Attack On Saudi Arabia’s Biggest Refinery

Vantor's satellite imagery shows visible damage across multiple refinery structures, though the full extent of the disruption and physical destruction remains unclear.

A gas shock – not an oil shock – from the Iran war looks more threatening

Europe and Asia will take an economic hit if the supply of Qatari LNG is halted by the closure of the strait of Hormuz

Gold price jumps on Middle East turmoil. What to know before investing

Although gold is generally viewed as a safe-haven investment during turbulent times, it's important to know what you're investing in before jumping in.

What student loan borrowers need to know about judge's ruling on SAVE plan

Here's what experts recommend student loan borrowers do after a recent victory in court for the Biden administration-era SAVE plan.

Thousands of flights cancelled as world faces worst travel chaos since Covid crisis

Hundreds of thousands of passengers remain stranded, with key air hubs in Middle East closed amid fallout from US-Israeli strikes on Iran

How high can oil and gas prices go because of the Iran war? Here are the scenarios

Oil prices could move higher still if Iran targets Persian Gulf energy infrastructure and the Strait of Hormuz closure is prolonged.

As Iran strikes disrupt flights, why travel insurance may fall short

Travel insurance policies generally exclude coverage tied to military action, experts said. However, much depends on the fine print.

We're cutting one of our financial stock positions due private credit concerns

We signalled to Club members on Friday that we leaned toward selling some of this stock.

More U.S. employees are hugging tight to their jobs. Here's why.

Updated on: March 2, 2026 / 2:19 PM EST / CBS News