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Three cargo ships struck off Iran's coast, UK says, including one in Strait of Hormuz

The incidents mark the latest in a string of reported attacks in or near to the Strait of Hormuz, where shipping traffic has virtually ground to a halt.

49m agoRead at CNBC →

Google NewsWar & Conflict

Oil rises back above $90 as traders shrug off prospect of historic reserve release

Oil prices moved higher on Wednesday morning as markets continue to watch developments in the U.S.-Iran war.

58m ago

Middle East crisis live: New supreme leader ‘safe’ despite war injuries, says president’s son; Iran retaliates as Israel pounds Lebanon - The Guardian

Middle East crisis live: New supreme leader ‘safe’ despite war injuries, says president’s son; Iran retaliates as Israel pounds Lebanon The GuardianIsrael believes Iran’s new leader was lightly wounded in attacks, senior official says The Times of IsraelIranians deeply divided over Mojtaba Khamenei's rise to power BBCN Korea ‘respects’ Iran’s selection of Mojtaba Khamenei as supreme leader Al JazeeraIran’s new ayatollah owns luxury flats next to Israeli embassy in London The Telegraph

CNBC Daily Open: Oil jitters persist as U.S. targets Iranian ships near Strait of Hormuz

Oil was slightly higher as traders expect a group of countries to tap emergency crude reserves to mitigate disruption caused by the war in the Middle East.

Deutsche says these two sectors could benefit from larger German fiscal spending

Cyclicals and software stocks are poised to benefit from Germany's increased fiscal outlay after recent falls, according to analysts at Deutsche Bank.

Google NewsWar & Conflict

Cargo Ship Hit by Projectile in Strait of Hormuz, UK Navy Says - Bloomberg.com

Cargo Ship Hit by Projectile in Strait of Hormuz, UK Navy Says Bloomberg.comCargo ship struck by a projectile in the Strait of Hormuz, UK says CNBCShip on fire in Strait of Hormuz as Israel renews strikes on Iran and Lebanon | ITV News ITVXCargo ship hit by projectile in Strait of Hormuz, crew evacuates ReutersCargo ship hit by projectile near Dubai as drones fall in vicinity of airport The Independent

CNBCScience & Tech

Toyota recalls 550,000 vehicles in U.S. over seat-back defect, NHTSA says

The recall includes certain 2021-2024 Highlander and Highlander Hybrid vehicles.

BBC NewsPolitics

Al Quds Day march to be banned after government approves Met request

The government grants a request from the Metropolitan Police to ban a march due to take place in London on Sunday.

Google NewsWar & Conflict

Treasury yields are higher as investors await key inflation report

U.S. Treasury yields moved higher on Wednesday as investors awaited February's inflation report and monitored developments on the US-Iran war front.

2h ago

US attacks Iran’s mine-laying boats in strait of Hormuz as tensions rise over oil - The Guardian

US attacks Iran’s mine-laying boats in strait of Hormuz as tensions rise over oil The GuardianIran latest: Cargo ships hit in Strait of Hormuz The TimesMiddle East war live: US says it destroyed 16 minelayers near Strait of Hormuz Financial TimesIran begins laying mines in Strait of Hormuz, sources say CNNCNBC Daily Open: Oil jitters persist as U.S. targets Iranian ships near Strait of Hormuz CNBC

2h ago

Opinion & Analysis

Sam Altman Testified Before Congress About AI Safety Then Sold Autonomous Weapons to the Pentagon — And Nobody Blinked

The AI safety movement's only measurable output is a LinkedIn content pipeline for ex-researchers who resigned 'on principle' and changed absolutely nothing. The Pentagon thanks them for their service.

Raj Patel · Digital Assets Correspondent

Your Pension Fund Is Sleepwalking Into a War Zone and Nobody Cares

The S&P 500 is near all-time highs while American jets flatten Iranian oil infrastructure. Algorithms can't price 'World War III' because it wasn't in the training data. Sleep well.

Daniel Kofi Asante · Consumer Finance Reporter

Britain Is America's Emotional Support Ally and Everyone Knows It

The 'special relationship' is what happens when a country pawns its strategic autonomy in 1956, never goes back for it, and spends seventy years pretending this was a choice. Starmer's Iran humiliation is just the latest episode.

Marcus Webb · Technology & Recruitment Editor

Iran Just Became a Monarchy Again and Every Think-Tank in Washington Is Pretending Not to Notice

A supreme leader installed his own son as successor and the foreign policy establishment's response was four op-eds about 'cautious engagement.' These people cannot be helped. They can only be replaced.

Priya Sharma · Senior Fintech Reporter