Rebecca Feng

Two tankers carrying Saudi oil were hit by rockets and other munitions within minutes of each other while trying to make a midnight crossing of the Strait of Hormuz, maritime security firms said.

The U.S. and Iran exchanged fire Tuesday as the two countries continued to battle for control of the Strait of Hormuz.

Berkshire Hathaway CEO Greg Abel said that none of the five Japanese trading houses his company has stakes in has noted the country’s record-high interest rates as a “fundamental challenge.” “I think they see it as very manageable,” Abel told CNBC from Japan, where he is currently traveling. Berks

Berkshire Hathaway CEO Greg Abel said he sees significant opportunities in providing power to America’s power-hungry data centers. “I've sort of always had a strong view that energy would be the constraint,” he said in a CNBC interview, speaking about the data-center buildout across the U.S. Last

Bond-market turmoil and war are top of mind for investors Wednesday.

Bond yields and oil prices are still in the spotlight on Wall Street.

Brent crude spiked above $99 a barrel before paring gains.

American investors are ready to shrug off the Iran war. The march toward $100-a-barrel oil is making that difficult.

In early March, most traders and analysts expected the conflict in the Middle East to resolve within a month. To pick out a few examples from early in the conflict, Allianz had the baseline scenario of a peace deal within four weeks; Jefferies expected operations to last three to four weeks; Sociét

Oil output from Saudi Arabia plummeted to the lowest level in more than three decades last month due to attacks by Yemen’s Houthi militants on its energy infrastructure, according to the International Energy Agency. The kingdom’s oil production fell to just 6 million barrels a day, the Paris-based