Squawk Box Europe Express
CNBC's flagship European business show provides everything needed for the European business day. Anchors Steve Sedgwick, Karen Tso, and Julianna Tatelbaum engage in unscripted debate on top stories, joined by business executives, policymakers, and fund managers for analysis of the latest news and market themes.
Episodes
Trump defends Iran ops, slams predecessors' actions
President Trump sits down for an exclusive interview with out colleagues Stateside and defends the conflict in Iran, accusing Tehran of exploiting prior administrations over the past 47 years. Trump also said markets backed his intervention. U.S. jobs growth slowed in June with just 57, 000 non-farm positions added. U.S. and European markets have now downgraded expectations of a rate hike
Warsh plans FOMC reforms but inflation to remain top priority
New Federal Reserve Chairman Kevin Warsh speaks to CNBC at the ECB Forum in Sintra that the U.S. central bank will be looking at overhauling how it conducts monetary policy but insists that bringing down inflation will be his primary objective. OpenAI has reportedly hinted it may give a 5 per cent to the U.S. government in a bid to curry favour with the White House. Oil slumps to four-mon
European and U.S. equities post best quarter since 2020
Europe and Wall Street notch their best quarter since 2020 with tech and A.I. stocks leading the gains. The energy sector continues to suffer amid Middle East uncertainty. The euro zone’s largest economies see June inflation slowing but Bank of England governor Andrew Bailey tells CNBC he is frustrated the conflict with Iran is still keeping prices high. We are live at the ECB Forum in Si
ECB's Lagarde backs June rate decision
We are live at the Sintra Forum where ECB President Christine Lagarde has backed the central bank’s decision to hike rates in June as necessary to rein in inflation. However, Lagarde insists ‘unconventional instruments’ are no longer needed since the last inflation shock. The U.S. Supreme Court has ruled that President Trump does not currently have the power to remove Federal Reserve gove
Fledgling U.S.-Iran peace deal stutters
The U.S.-Iran peace deal falters over the weekend but a U.S. official tells CNBC hostilities have abated with talks set to resume in Doha tomorrow. European and U.S. futures are up on de-escalation hopes but crude prices hover around the $70 per barrel mark. In autos news, Volkswagen announces it will cut 100,000 jobs. We hear from the CEO of Germany’s state-owned bank KfW Stefan Wintels
Asian markets slump as A.I. infrastructure costs soar
European equities end the week as Asian markets continue to sell off sharply. Apple and Microsoft announce price rises as the A.I. race constrains chip supplies and prompts concern over higher inflation. The UN’s International Maritime Organisation suspends vessel escort operations through the Strait of Hormuz following an attack on a container ship in the Gulf of Oman. U.S. officials hav
Chip stocks feed Asia rally
Equities in Asia are boosted by the chip sector through positive earnings from Micron and SK Hynix’s announcement it plans a $30bn listing on the Nasdaq. Brent dips to levels last seen before the conflict in the Gulf as the Strait of Hormuz reopens. Futures indicate the world may soon be facing an oil glut. UK Prime Minister in waiting Andy Burnham is reportedly planning an overhaul of No
Global tech sell-off gathers pace
The global tech sell-off continues with U.S. memory and A.I. related companies firmly in the red as investors reassess the A.I. boom. Micron is set to deliver its results later today. Strait of Hormuz traffic returns to its highest level since the start of the conflict in late February and U.S. President Donald Trump accuses oil companies of not lowering gas pump prices in line with falli
Starmer resignation opens door to Burnham premiership
Britain will have a seventh prime minister in a decade following yesterday’s resignation by Sir Keir Starmer. Newly elected Makerfield MP Andy Burnham could be handed the keys to No.10 in less than a month time should no challenger step forward. SpaceX sheds almost half a trillion dollars of its market cap in Monday’s session with further sell-offs seen among other tech mega-caps. South K
U.S.-Iran peace talks end with 60-day road map agreement
Peace talks between the U.S. and Iran conclude in Switzerland for the time being with an agreement to reach a final deal within 60 days. The talks had been hampered by President Trump’s renewed threats to strike Iran and Tehran’s resealing of the Strait of Hormuz. Crude prices tumble following Iran’s announcement it would be resuming oil and petrochemical exports. Asian equities bounce on
Andy Burnham wins Makerfield by-election
Andy Burnham wins the Makerfield by-election, returning him to Parliament and setting up a leadership challenge against U.K. Prime Minister Keir Starmer. In geopolitics, U.S.-Iran talks today are called off after U.S. Vice President JD Vance cancels his trip to Switzerland, as the administration hits back at criticism of the deal from both sides of the aisle. Meanwhile, OPEC welcomes an i
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 right to retaliate should Tehran violate the deal. The Federal Reserve holds rates steady during Kevin Warsh’s first decision as chairman of the central bank, but officials say hikes loom later i
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 Evian, France where President Trump has said the deal also guaranteed Iran would no longer possess nuclear armament capabilities. A.I. and security are also in focus at the G7 with various top t
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 of Hormuz. Ukrainian President Volodomyr Zelenskyy is also at the summit and is due to meet leaders with EU membership discussions on the agenda. The BoJ lifts its benchmark interest rate to 1
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 the $80-mark as President Trump declares ‘let the oil flow’. Asian equities move firmly into the green with European and U.S. futures also set to move higher. The U.S. moves to limit access
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 could be signed as early as this weekend. Tehran has responded that a deal has not been finalised despite Trump’s claims it has the Ayatollah’s backing. Renewed talk of peace in the Gulf spark
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 stalling peace negotiations. Wall Street closes in the red as investors fret over A.I. valuations, tech and surging inflation. Asian equities and European futures have followed suit. A rate hi
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. Asian markets see the tech sell-off gathering pace with trade on South Korea’s KOSPI briefly pausing. The negative sentiment has infected European and American markets, which are due to start
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 success of larger companies will benefit his firm’s own growth. Israel and Iran announce they are halting attacks but leave the door open to a resumption in hostilities with President Trump sou
Israel and Iran trade missile strikes
Israel and Iran have exchanged fire for the first time since April which pushes oil futures higher and potentially jeopardizing a peace agreement. The A.I. sell-off on Friday continues into the new week with South Korea’s KOSPI tripping circuit breakers. A stellar U.S. jobs print raises the chance of a rate hike but President Trump remains committed to lowering interest rates. In Ita
SpaceX IPO roadshow launches
Bankers tap the extraordinary valuation of SpaceX ahead of its listing next week. Goldman Sachs has reportedly forecast a 100-fold revenue increase by 2030 for the company. However, S&P Dow Jones Indices has ruled out a fast-track to the S&P 500, diverging from rivals Nasdaq. The AI rally stutters with the Nasdaq suffering a second day of losses while in Asia, the KOSPI nosedives.
SpaceX targets $1.8tn valuation in record market debut
SpaceX eyes a valuation of almost $1.8tn at its listing next week. It has marketed more than half a billion shares at $135 which will make it the largest IPO of all time. The U.S. equity markets end a five-day winning streak with oil falling back. Renewed tensions in the Gulf come as negotiators attempt to broker a ceasefire agreement between Israel and Lebanon. Israeli PM Benjamin Netany
SpaceX targets $75bn IPO raise
SpaceX is reportedly planning a float share price of $135, eyeing around a $75bn IPO raise. However, Morningstar analysts believe the figure is hugely overpriced while Goldman Sachs CEO David Solomon tells our colleagues Stateside he believes that markets are living in a moment of ‘greed’. The U.S. proposes fresh tariffs on up to 60 countries it believes have failed to ban imports made wi
Anthropic files confidentially for U.S. listing
Anthropic is joining the A.I. IPO race, filing confidentially following last week’s latest funding session revealed the company being valued at close to $1tn. However, Open AI’s Sam Altman tells CNBC he is not rushing to list his company. We speak exclusively to Softbank CEO Masayoshi Son who says the A.I. revolution is the biggest mankind has ever experienced. President Trump tells CNB h
Softbank poised to make €75bn France A.I. investment
We are live in Paris where Japan’s Softbank has pledged up to €75bn for Europe’s largest A.I. data centre project. Asian chip stocks are in the green as investors eye potential meetings with Nvidia CEO Jensen Huang at the Computex trade show in Taipei. Brent crude inches higher on the news Israeli forces push deeper into Lebanon. France has called for an emergency meeting of the UN Securi
Oil falls back on renewed peace agreement optimism
Oil dips after a White House official says the U.S. and Iran are close to a temporary peace agreement. Vice President JD Vance says he feels ‘pretty good’ about how negotiations are progressing. Today’s fall in crude prices are close to 20 per cent on the month. Equities in the U.S. have ended a stellar month of May while European markets lag behind. A.I. giant Anthropic builds up its lat
Crude jumps after Iranian strike on Kuwait
Oil prices whipsaw with Brent up almost 3 per cent following an Iranian missile and drone attack on a U.S. air base in Kuwait. The strikes were followed by the U.S. targeting of a ground control station in Bandar-e-Abbas just hours after optimistic peace talks comments from U.S. Secretary of State Marco Rubio had pushed crude lower. Federal Reserve governors Neel Kashkari and Au
SK Hynix tops $1tn market value
SK Hynix becomes the latest company to be valued at $1tn due to investor enthusiasm for A.I.-linked semi-conductor stocks. Iran accuses the U.S. of breaching the ceasefire with President Trump set to hold a cabinet meeting with high-stake peace negotiations ongoing. New car registrations in the EU surge 5.1 per cent with high fuel costs prompting renewed interest in EVs. However, Ferrari
Iran peace deal 'will take a couple of days', says Rubio
U.S.-Iran peace talks remain undecided, keeping oil markets volatile. U.S. Secretary of State Marco Rubio is positive a good deal will be reached but settling all details will require more time. The UK market returns after the spring bank holiday while in Europe the Stoxx 600 hits its highest level in more than two months, clawing back losses since the start of the Gulf conflict. Ferrari
European equities set to end week in the green after record Dow session
European equities look set to enjoy a day in the green following the Dow’s record close yesterday. Bond yields also dip slightly after a volatile week. Crude prices inch up as Washington D.C. and Tehran remain at loggerheads over reopening the Strait of Hormuz and Iran’s nuclear enrichment programme. U.S. Secretary of State Marco Rubio slams reported suggestions of a permanent Iranian tol
Nvidia blows past Q1 estimates
Nvidia notches another stellar quarter with revenue soaring by 85 per cent to more than $80bn. The chip giant has also announced the same amount in share buy-backs. CEO Jensen Huang tells our colleagues Stateside that demand in the new era of A.I. is ‘sky-high’. SpaceX files its prospectus ahead of what will be the biggest listing of all time on Wall Street. The company is eyeing future d
European bond sell-off gathers pace
Fixed income continues to sell off across Europe which focuses investors’ minds on UK April inflation. Crude prices slip on news that several tankers were able to exit the Strait of Hormuz. There are mixed messages from Washington with U.S. President Trump warning of renewed strikes on Iran but Vice-President JD Vance claiming progress was being made in talks with Tehran. In tech news, Go
Europe facing 'stagflationary shock'
We are live in Paris at the G7 finance ministers’ meeting where European Commissioner Valdis Dombrovskis tells us that Europe is facing a stagflationary shock amid the energy crisis while French finance minister Roland Lescure says lawmakers need to work to reassure bond markets. Crude prices fall slightly after U.S. President Trump says he postponed fresh strikes on Iran, citing diplomat
Global bond markets sell-off deepens on inflation fears
Bond markets around the world spike with the U.S. 10-year Treasury yield hitting its highest level in 15 months as inflation concerns persist. We are live in Paris where G7 finance ministers and central bank governors are meeting with the global sell-off set to dominate discussions. Crude oil prices rise once again after U.S. President Donald Trump warns Iran ‘the clock is ticking’ over p
Trump hails China trade deals on final day of Beijing summit
President Trump and President Xi conclude their two-day summit in Beijing with U.S. officials touting deals aimed at maintaining the two nations’ trade truce. In the UK, Greater Manchester mayor Andy Burnham sets his sights on No.10 after the resignation of Health Secretary Wes Streeting. Sterling suffers its biggest drop in more than 3 months with gilts also set for losses. U.S. deep-lea
Trump and Xi hail bilat partnership and future relations
Chinese President Xi welcomes U.S. President Trump to an eagerly anticipated summit in Beijing with both leaders hailing a new chapter in bilateral relations for the world’s two largest economies. UK Health Secretary Wes Streeting is reportedly planning to resign from his post and trigger a leadership contest against Prime Minister Sir Keir Starmer as soon as this morning. Conservative pa
Starmer clings on at No.10 daring rivals to come forward
UK Prime Minister Sir Keir Starmer survives another day in office after essentially challenging rivals to ‘put up or shut up’ during a key Cabinet meeting. A potential contender for Starmer’s job, Health Secretary Wes Streeting, is set to meet with the Prime Minister at Downing Street for talks ahead of the King’s speech later this morning. President Trump is on his way to Beijing for a h
More than 70 Labour MPs call for Starmer departure
UK Prime Minister Sir Keir Starmer’s leadership hangs by a thread with now more than 70 Labour MPs calling for him to resign following last Thursday’s devastating local and regional election results. We hear from London Mayor Sadiq Khan who says a change of leadership at this point is not the answer to the government’s problems. U.S. President Donald Trump rubbishes Tehran’s response to A
Trump slams Tehran's peace plan response
President Trump dismisses the Iranian response to a U.S. peace proposal as ‘totally unacceptable’. Brent crude prices nudge past the $100-mark on the news. Beijing prepares to welcome President Trump on a two-day visit later this week with the agenda focusing on multiple topics including Iran, A.I. policy as well as trade and rare earth restrictions. UK Prime Minister Sir Keir Starmer is
Gilt yields hold high as election losses hit U.K.'s Starmer
U.K. stocks have dropped and gilt yields hold near multi-decade highs, after U.K. Prime Minister Keir Starmer and his Labour Party see bruising losses in local elections, with Farage’s Reform UK making substantial gains. The U.S. and Iran exchange fire around the Strait of Hormuz, as Washington waits on a response to its proposal to end the war. But President Trump insists the latest inci
Iran mulls U.S. proposals to end war
Iran says it is considering U.S. proposal to end the conflict as well reportedly begins talks to re-open the Strait of Hormuz and the future of its nuclear programme. President Trump is optimistic an agreement can be reached. European equities close more than two per cent higher on hopes of a peace deal while Wall Street sees fresh record highs. Meanwhile Asian markets continue the rally
Trump slams brakes on 'Project Freedom' as talks progress
President Trump pauses the ‘Project Freedom’ operation after revealing that progress has been achieved on a potential deal with Tehran to end the conflict. U.S. Secretary of State Marco Rubio says reopening the Strait of Hormuz is paramount, not military action. Equity markets respond positively to the news. In Asia, south Korea’s KOSPI rallies by more than 7 per cent with A.I. and chips
U.S. and Iran exchange fire in Strait of Hormuz
The U.S.-Iranian ceasefire agreement is in danger of falling apart after Tehran targets ships in the Strait of Hormuz. The flare-up sees the UAE also engage Iranian missile and drone fire. Unicredit hikes its guidance after delivering its highest quarterly profit ever. Investor focus is now on the Italian lender’s tender off for Commerzbank due from 11am today. CEO Andrea Orcel tells CNBC
U.S. navy to guide stricken tankers through Strait of Hormuz
U.S. President Donald Trump pledges to help guide stranded tankers through the Strait of Hormuz, using as many as 15,000 troops and 100 aircraft. The European Commission is mulling a response after President Trump threatened to hike tariffs on European cars to 25 per cent after accusing the bloc of non-compliance with the trade deal struck last July. European leaders arrive in Yerevan, Ar
ECB, BoE hold rates steady in face of inflation threat
Both the ECB and the BoE decided to hold interest rates steady but warn that a June hike could be on the cards should inflation pressures connected to the Iran crisis escalate. The S&P 500 and Nasdaq notch their strongest month for six years as investors look beyond the Middle East and bet on Big Tech’s A.I. progression. Apple shares are up in after-hours trade following a top and bot
Brent surges to 4-year high as Trump eyes blockade extension, strikes
Brent crude oil hits a war-time record of more than $123 per barrel after Axios reports U.S. President Trump is to be briefed on potential further strikes on Iran after rejecting Tehran’s offer to re-open the Strait of Hormuz. The ECB and BoE are both expected to hold rates steady later today, following on from the Federal Reserve’s decision to keep rates steady. Chairman Jerome Powell is
Deutsche Bank and UBS post record quarterly results
Two of Europe’s key lenders enjoy stellar quarterly results on the back of market volatility. Deutsche Bank hikes revenue guidance after record profits while UBS notches a profit increase of 80 per cent to $3bn. CEO Sergio Ermotti said the Iranian conflict has not materially shifted client flows. The UAE shocks energy markets by announcing it is quitting Opec to free itself to ramp up pro
Trump slams Iranian moves to postpone nuclear talks
U.S. President Donald Trump voices displeasure at Iran’s proposal to postpone nuclear talks until after the conflict ends. Meanwhile, German Chancellor Friedrich Merz slams U.S. strategic aims in Iran. Swiss pharma giant Novartis misses quarterly sales targets, blaming generic drugs for its double-digit fall in operating profit. We hear from former NATO Secretary-General and currently Nor
Trump urges Iran to reopen talks
President Trump says Iran can pick up the phone after cancelling his envoys’ negotiation trip to Pakistan. Axios reports Tehran is to table a new proposal to end the conflict and reopen the Strait of Hormuz should nuclear discussions be postponed. A gunman rushes a checkpoint at the Washington Hilton hosting the White House Correspondents’ Association dinner, raising criticisms of Preside
Trump heralds Israel-Lebanon ceasefire extension
U.S. President Donald Trump hails a three-week ceasefire extension between Israel and Lebanon and that he is willing to wait until an appropriate deal is reached with Iran in order to re-open the Strait of Hormuz. EU leaders meet at an informal summit in Cyprus for a second day with the Gulf crisis, energy security and the bloc’s budget top of the agenda. Leaders also celebrated agreement
Podcast summary: European Q1 earnings in focus
Nestlé and Heineken both post Q1 earnings beats with LSEG and Roche results out today as well. Tesla also beats in the first quarter however it misses its revenue target and hikes capex expenditure. CEO Elon Musk says his latest mass chip-building project, Terafab, will use Intel’s latest technology, pushing the company’s shares higher in after-hours trade. European futures are firml
U.S.-Iran ceasefire extended but Strait of Hormuz remains shut
U.S. President Trump extends the ceasefire with Iran in order to allow for further peace talks to be organised. However, the Strait of Hormuz remains blockaded by both sides with global markets in limbo. Federal Reserve Chair nominee Kevin Warsh insists he has made no promises to President Trump on rate cuts and will remain an ‘independent actor’ on future decisions should he be confirmed
Cook to step down as Apple CEO
Apple CEO Tim Cook steps down from the role with hardware chief John Ternus chosen to assume the helm from September. Cook, who oversaw a $3.6tn increase in the company’s market cap during his 15-year tenure will become executive chairman. Iran is reportedly due to send a delegation team to Pakistan for a second round of peace talks. The news lifts Asian equities and pushes crude prices d
U.S. Navy seizes Iranian cargo ship
The U.S. Navy fires on and seizes an Iranian cargo vessel in the Gulf of Oman with both countries reinstating blockades through the Strait of Hormuz. President Trump says his delegation lead by Steve Witkoff and Jared Kushner are en route to Pakistan for further peace talks but Tehran says it will not be attending. The U.S.-Iranian ceasefire is due to expire tomorrow. Crude prices surge a
Israel-Lebanon 10-day truce begins
A 10-day ceasefire between Israel and Lebanon comes into effect. U.S. President Trump says he sees the conflict with Iran ending soon. Bank of Israel governor Amir Yaron tells CNBC that he expects a deal to be done but maintains it is a ‘working assumption’. Investor hopes of peace in the Middle East rise with equities notching new record highs Stateside. The Nasdaq is on course to post i
Wall Street surges as Iran peace hopes rise
The S&P 500 and Nasdaq post new record highs as investors signal hopes for an end to the ran conflict. The positive sentiment has also affected Asian equities with the Nikkei leading gains. The U.S. and Iran are expected to resume peace talks in Pakistan next week with Israeli and Lebanese leaders set for ceasefire discussions later today. We hear from a slew of European policy makers
Trump eyes resumption of Iran talks
U.S. President Trump says peace talks with the Iranian regime could resume in Pakistan within days. Speaking to CNBC at the IMF spring meetings, Pakistani finance minister Muhammed Aurangzeb said he was optimistic for a diplomatic solution to the crisis. The IMF has slashed its global growth forecast outlining three scenarios – weaker, worse or severe. IMF chief economist Pierre-Olivier G
U.S. navy launches blockade of Iranian ports
The U.S. navy begins its blockade of Iranian ports in the Strait of Hormuz. However, there are signs of further dialogue which have helped crude prices to drop back under $100 per barrel. President Trump says the “appropriate people” in Tehran have communicated that they want to strike a deal. The optimism is felt on Wall Street with the S&P 500 erasing its losses since the start of t
U.S. moves to blockade Strait of Hormuz
Following failed U.S.-Iran peace talks in Islamabad over the weekend, Washington moves to blockade ships exiting or entering Iranian ports in the Strait of Hormuz. Oil prices surge on the news while Asian markets move into the red. President Trump says the blockade is aimed at eliminating Iranian crude exports from the market. Hungarian Prime Minister Viktor Orban is ousted after 16 years
Trump accuses Tehran of ceasefire breach
U.S. President Trump accuses Tehran of not honouring the ceasefire with the Strait of Hormuz remaining firmly shut. Israel has said it was willing to hold peace talks with Lebanon, despite continuing to target Hezbollah sites in the country. Crude prices remain below the $100-mark despite Saudi Arabia claiming Iranian attacks on its Red Sea pipeline have erased up to 700,000 barrels a day
Iran blames U.S. for ceasefire cracks
Iran accuses the U.S. of violating the new ceasefire agreed on Tuesday with Israel continuing to target Hezbollah sites in Lebanon. U.S. Vice-President JD Vance is to lead peace talks in Islamabad, Pakistan this weekend, saying early ceasefire ‘choppiness’ is expected. Oil prices rebound from yesterday’s relief rally optimism with Asian markets in the red. European futures are slightly ne
U.S. and Iran agree to two-week ceasefire
President Trump announces that the U.S. and Iran have agreed to a two-week ceasefire on the condition Tehran opens the Strait of Hormuz to commercial shipping. WTI and Brent sink back under the $100-mark as a result and the Kospi and Nikkei leading gains in Asian markets. The rally is due to extend in Europe and the U.S. with the Stoxx 50 and Nasdaq futures set for gains of 5 per cent and
Trump deadline to reopen Strait of Hormuz ticks down
U.S. President Donald Trump has cranked up the pressure on the Iranian regime to strike a deal to reopen the Strait of Hormuz, threatening to target civilian and energy infrastructure should tonight’s deadline not be met. Oil futures rise on the comments but European equities remain sanguine following the extended Easter trading break. We hear exclusively from Danone CEO Antoine de Saint-
Trump tells Americans Iran war due to end 'very shortly'
President Trump addresses the nation and says the war in Iran is nearing its end but offers no hint of de-escalation, adding that the U.S. will continue to strike the country. Markets surge on the news with WTI and Brent nudging past $100 per barrel. Asian equities start today off in the red with European futures looking to follow suit. Trump also advises European allies to ‘build up dela
Equities surge on renewed hops of de-escalation in the Gulf
Hopes of a de-escalation in the U.S.-Iran conflict help push all three Wall Street majors into the green with the Nikkei and Kospi leading Asian stocks gains. U.S. President Trump has indicated he is ready to finish the conflict in Iran with ‘two or three weeks’ even without a deal on re-opening the Strait of Hormuz. However, Trump slammed NATO allies for refusing to provide aid in t
Brent on track to post record monthly gains
Brent is on course for its biggest monthly gain ever but has dipped overnight after a WSJ report that President Trump could be willing to halt the conflict without reopening the Strait of Hormuz by force. Iran strikes a fully laden Kuwaiti oil tanker. The White House says that Trump is still willing to strike a deal with the Iranian regime despite claims he could target energy infrastruct
Brent on course for record gains as Iran conflict enters fifth week
Oil prices continue to surge as the Iran conflict enters its fifth week. Brent is set for its largest monthly gain ever with the Strait of Hormuz still largely closed. Asian markets are selling off while European futures also point south. President Trump tells the FT he is eyeing Iran’s oil reserves and has signalled he is willing to take over the vital export terminal of Kharg Island. Ho
Trump extends deadline to attack Iran
President Trump extends his deadline for attacks on Iran's energy infrastructure until April 6th, as talks reportedly continue. The US leader insists Tehran is desperate to end the war, even as it rejects the first US proposal. Oil prices ease and Asian stocks come well off session lows, as investors digest Trump's deadline extension and Iran's move to allow some tankers through the
Iran denies negotiations with U.S.
Iran says it is reviewing a U.S. ceasefire proposal but firmly denies President Trump's claims that talks are underway with Tehran desperate to strike a deal. Stocks fall and oil rises as investors reassess the odds of a ceasefire with former Goldman Sachs CEO Lloyd Blankfein telling CNBC investors should tread carefully. G7 foreign ministers arrive for a key summit in France, as conflict
U.S. government hands Tehran peace plan proposal
The U.S. government has reportedly provided Iran with a peace proposal even though Tehran continuously denies direct talks are happening. President Trump voices optimism that a deal can be struck. Oil prices fall as a result with Brent settling near the $100-mark while European and U.S. futures move to the green on hopes of de-escalation in the Gulf. Shell CEO Wael Sawan has warned t
Iran and U.S. trade mixed messages on peace talks
Iran denies it is in negotiations with Washington as President Trump announces he has postponed airstrikes on critical power plants and energy facilities in the country for five days and claims a peace deal could be close. Oil prices rebound following an initial drop in the price of Brent to below $100 for the first time in almost a fortnight on the back of Trump’s comments. US and Europe
Trump threatens to target power stations over Strait of Hormuz closure
U.S. and Iran trade threats with President Trump warning he will target power stations should the Strait of Hormuz not be reopened. The Iranian leadership has hit back saying it will target energy and water supply facilities in the Gulf. South Korea’s KOSPI leads losses in Asia while European futures are in the read. Crude prices continue to rise with WTI surpassing the $100-mark once aga
Israel claims to have eliminated Iranian nuclear threat
Israel continues to increase air strike on Iran overnight. Prime Minister Benjamin Netanyahu says the country’s uranium enrichment capabilities have been destroyed but signals the possibility of a ground invasion. Central banks across Europe defer any possibility of rate cuts with the ECB and BoE warning that the Middle East conflict has blurred the inflation outlook and will push up ener
Iran strikes Qatar's largest LNG export site
Iran strikes Qatar’s main LNG facility – one of the world’s biggest – following an Israeli attack on the giant South Pars gas field. President Trump has warned of stern intervention should retaliatory strikes continue. Equities in Europe are back in the red following a two-day winning streak. The Federal Reserve holds rates steady and signalling a single cut to come this year. Chairm
France hints at aid to secure Strait of Hormuz
We hear exclusively from French finance minister Roland Lescure who says his country would be willing to aid the U.S. in securing the Strait of Hormuz but would require the conflict to de-escalate first. UK Chancellor of the Exchequer Rachel Reeves has warned the nation faces the possibility of higher inflation and borrowing costs due to the Iran war but tells CNBC it is on a far stronger
President Trump says his focus is on the conflict in the Middle East as he looks to postpone China trip
President Trump looks to postpone his China trip, saying his focus remains on the conflict in the Middle East. The U.S. leader also hits out at European allies after several reject his demand to help escort tankers through the Strait of Hormuz. And in markets, futures point to a day in the red on Wall Street, with Trump again calling on the Fed to cut rates ahead of its meeting starting t
Trump calls for Strait of Hormuz support
President Trump calls on allies to help secure the Strait of Hormuz with exports through the vital oil chokepoint remaining effectively halted, while European foreign policy chief Kaja Kallas criticizes the U.S. government’s decision to lift some energy sanctions on Russia. Oil prices tick higher as the disruption continues, with traders looking to navigate price volatility. Investors loo
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 li
Oil markets on high alert despite record IEA stockpile release
Oil prices have pulled back from $100 a barrel following several attacks on merchant vessels in the Gulf. Two tankers have been reportedly attacked overnight in Iraqi waters. The IEA announces its largest strategic reserve release of 400m barrels but energy markets remain wary. President Trump and the IEA’s Fatih Birol vow to keep oil flowing. The White House launches a probe into several
Oil whipsaws on tanker escort confusion
Oil prices swing after the White House says the U.S. Navy did not escort a tanker through the Strait of Hormuz. The denial corrected a now-deleted social media post by Energy Secretary Chris Wright. The IEA reportedly proposes the largest-ever release of oil reserves as the Iran conflict continues to restrict the movement of global supplies. In autos news, Porsche narrowly misses FY sales
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