All posts tagged: Exxon Mobil Corp

U.S. has violated ceasefire agreement, Iran parliamentary speaker says

U.S. has violated ceasefire agreement, Iran parliamentary speaker says

Iran’s parliamentary speaker, Mohammad Bagher Ghalibaf, accused the U.S. on Wednesday of violating the two-week ceasefire agreement. “The deep historical distrust we hold toward the United States stems from its repeated violations of all forms of commitments — a pattern that has regrettably been repeated once again,” Ghalibaf said in a statement posted on social media. Three parts of Iran’s 10-point ceasefire proposal have been violated, Ghalibaf said. The violations are Israel’s continued attacks on Lebanon, the entry of a drone into Iranian airspace, and the denial of the Islamic Republic’s right to enrich uranium, he said. “In such situation, a bilateral ceasefire or negotiations is unreasonable,” the parliamentary speaker said. President Donald Trump said Tuesday that Iran’s proposal was a workable basis for negotiations. Vice President JD Vance addressed Ghalibaf’s allegations while traveling in Hungary on Wednesday. “Ceasefires are always messy,” Vance said in response to the alleged drone incursion into Iran’s airspace. The vice president said the U.S. position is that Iran cannot enrich uranium. The ceasefire extending to Lebanon was never part …

Ritchie Torres calls for probe into trades ahead of March Iran news

Ritchie Torres calls for probe into trades ahead of March Iran news

U.S. Rep. Ritchie Torres, a Democrat from New York, during an interview in New York, Jan. 28, 2025. Victor J. Blue | Bloomberg | Getty Images U.S. Rep. Ritchie Torres, D-N.Y., on Wednesday called for a federal probe into suspicious trading activity in oil and equity futures markets just before President Donald Trump’s announcement of a five-day delay in attacks on Iran’s energy infrastructure in March. In a letter to Securities and Exchange Commission Chair Paul Atkins and Commodity Futures Trading Commission Chair Michael Selig first obtained by CNBC, Torres cites reports on a series of irregular and well-timed trades in the minutes ahead of Trump calling a pause on hostilities. “What kind of trader would make a massive trade at 6:49 a.m., 15 minutes before a market-moving presidential announcement with billions of dollars at stake and without a hedge?” Torres said in an interview Wednesday. “The only plausible answer to that question is an insider trader. Any other alternative is a statistical impossibility.” More than $500 million in crude oil futures trades were made …

Trump-Iran agree to two-week ceasefire, plan to open Strait of Hormuz

Trump-Iran agree to two-week ceasefire, plan to open Strait of Hormuz

President Donald Trump pauses as he finishes speaking about the Iran war from the Cross Hall of the White House on Wednesday, April 1, 2026, in Washington. Alex Brandon | Getty Images President Donald Trump on Tuesday said he agreed to suspend planned attacks on Iranian infrastructure for two weeks, backing off his shocking threats to imminently order the destruction of Iran’s “whole civilization.” The move, more than five weeks after the U.S. and Israel launched the war, was “subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz,” he wrote on Truth Social. The decision was “based on conversations with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, of Pakistan,” Trump wrote. “This will be a double sided CEASEFIRE!” he declared. Oil prices plunged as much as 16% following the announcement, while U.S. stock futures shot up. Iran Foreign Minister Abbas Araghchi said in a separate statement that ships will be able to safely pass through the strait for the two-week interval “via …

Israel says it has killed Iran navy chief

Israel says it has killed Iran navy chief

FILE PHOTO: In this photo released by the Iranian Presidency Office, President Ebrahim Raisi waves as he visits an exhibition of the Revolutionary Guard navy capabilities while accompanied by the guard’s navy commander Alireza Tangsiri, in the southern port city of Bandar Abbas, Iran, Friday, Feb. 2, 2024. Iranian Presidency Office | AP Israel’s Defense Forces said Thursday that Iranian naval commander Alireza Tangsiri had been killed in a “precise strike” in the port city of Bandar Abbas, accusing him of being responsible for efforts to close the strategically vital Strait of Hormuz. The IDF said in a social media post that Tangsiri “oversaw maritime terrorism carried out against countries in the Middle East, as well as against U.S. and other nations’ energy infrastructure.” U.S. Central Command later confirmed Tangsiri’s death in a post on X. Tangsiri’s death from the Israeli airstrike “makes the region safer,” said the commander of CentCom, Adm. Brad Cooper, adding that strikes on the Iranian navy would continue. Iran has not yet commented on the report. Shipping traffic through the …

DCCC launches digital ad campaign hitting GOP for gas prices

DCCC launches digital ad campaign hitting GOP for gas prices

Prices are posted at a gas station in Downtown Brooklyn on March 18, 2026, in New York, United States. Matthew Hoen | Nurphoto | Getty Images The Democratic Congressional Campaign Committee on Tuesday is launching a digital ad campaign targeting President Donald Trump and Republicans for rising gas prices amid the war in Iran. The six-second ad, shared first with CNBC, shows the price at a gas pump going up and a final image saying “D.C. Republicans Did That!” The ads will run on Meta platforms Facebook and Instagram and are geotargeted to show up when viewers are at or near gas stations in all 44 of the DCCC’s “Districts in Play.” “Another day, another broken promise from Trump and House Republicans,” DCCC Communications Director Courtney Rice said in a statement. “Now, when voters fill up at the pump, they’ll have yet another reminder that D.C. Republicans are squarely to blame for the price of gas, and everything else, being too damn high.” Read more CNBC politics coverage Both Democrats and Republicans have hammered home …

Trump postpones strikes on Iran power plants, energy infrastructure

Trump postpones strikes on Iran power plants, energy infrastructure

U.S. President Donald Trump on Monday said he would order the military to postpone strikes on Iran’s power plants and energy infrastructure for five days following “productive” dialogue regarding “total resolution” of hostilities in the Middle East. Trump said in a post on his Truth Social platform that the U.S. and Iran had “VERY GOOD AND PRODUCTIVE CONVERSATIONS REGARDING A COMPLETE AND TOTAL RESOLUTION OF OUR HOSTILITIES IN THE MIDDLE EAST.” The U.S. president said these talks would continue through the week. Oil prices tumbled on the news. U.S. President Donald Trump speaks during a meeting with Japanese Prime Minister Sanae Takaichi (not pictured) in the Oval Office at the White House in Washington, D.C., U.S., March 19, 2026. Evelyn Hockstein | Reuters His comments come shortly after he had given Iran 48 hours to reopen the strategically vital Strait of Hormuz. The narrow waterway is a key maritime corridor that connects the Persian Gulf and the Gulf of Oman. Roughly 20% of global oil and gas typically passes through it. This is breaking news. …

As Trump eyes Cuba, I remember me how different things used to be

As Trump eyes Cuba, I remember me how different things used to be

Cuba suffered a widespread power cut on March 16, 2026, according to the national electricity company, against the backdrop of a severe crisis on the island caused by the US energy blockade. Yamil Lage | Afp | Getty Images The White House has choked off Cuba’s oil supply and threatened a “friendly takeover” of the communist-run island, against a backdrop of military operations in Venezuela and Iran. U.S. President Donald Trump is implying the country is his next target, saying: “Whether I free it, take it,  I think I can do anything I want with it. They’re a very weakened nation right now.” The oil shortage is bringing Cuba’s economy to the brink. But I’ve found myself thinking back when, not that long ago, it briefly looked like the two nations would normalize relations after decades of hostility. I first landed in Havana in March 2012 to cover Pope Benedict XVI’s visit. The airport was small. I had to repeatedly explain to immigration officials that we were there as journalists, that we had permission, and …

Trump waives U.S. shipping law for 60 days to steady oil market

Trump waives U.S. shipping law for 60 days to steady oil market

President Donald Trump issued a 60-day waiver of a longstanding U.S. shipping law in an attempt to stabilize oil markets amid the Iran war, the White House confirmed to CNBC on Wednesday. The temporary suspension of the Jones Act “will allow vital resources like oil, natural gas, fertilizer, and coal to flow freely to U.S. ports for sixty days,” White House press secretary Karoline Leavitt said in a statement. The Trump administration “remains committed to continuing to strengthen our critical supply chains,” Leavitt said. The Jones Act, signed into law in 1920 by then-President Woodrow Wilson, requires that the transport of goods between U.S. ports must be conducted by U.S. vessels. The law was intended as an effort to grow the domestic shipping industry after World War I. The statute has been criticized as a form of protectionism, and some economists have recently argued that it impedes domestic trade. Trump’s two-month waiver was announced as oil prices resumed their rise due to the Iran war, in which major energy infrastructure has come under attack and …

Trump-Takaichi meeting: Iran war looms large

Trump-Takaichi meeting: Iran war looms large

U.S. President Donald Trump (L) and Japanese Prime Minister Sanae Takaichi (R) hold up signed documents for a critical minerals/rare earth deal with Japan during a meeting at Akasaka Palace on October 28, 2025 in Tokyo, Japan. Trump is on a visit to Asia that takes in the ASEAN summit in Malaysia, followed by a trip to Japan and South Korea ahead of the APEC meetings. Andrew Harnik | Getty Images News | Getty Images As Japan’s Prime Minister Sanae Takaichi travels to Washington for her first summit with U.S. President Donald Trump stateside, the Iran conflict will loom large over their meeting. The Japanese PM’s meeting with Trump on Thursday will be her first after she led the ruling Liberal Democratic Party to victory in February, its largest electoral win since World War II. Stephen Nagy, professor of politics and international studies at Tokyo’s International Christian University (ICU) told CNBC over email that “Takaichi will do what all Japanese PMs do, reaffirm that the Japan-U.S. alliance is the cornerstone of Japan’s security but also …

Trump-Xi China summit may be delayed: Bessent

Trump-Xi China summit may be delayed: Bessent

Treasury Secretary Scott Bessent said Monday that the meeting between President Donald Trump and Chinese Leader Xi Jinping could be delayed for logistical reasons. Bessent spoke during an appearance on CNBC’s “Squawk Box.” Trump suggested Sunday that the summit could be delayed as the U.S. pressures China to help reopen the Strait of Hormuz. Bessent walked those comments back on Monday, arguing the summit would be delayed if Trump chooses to stay in Washington to coordinate the war effort in Iran. “If the meetings are delayed, it wouldn’t be delayed because the president demanded that China police the Strait of Hormuz,” Bessent said in an interview with CNBC’s Brian Sullivan in Paris. “If the meeting, for some reason, is rescheduled, it would be rescheduled because of logistics.” “It would be a decision the president made as commander in chief to stay in the White House or to stay in the United States while this war is being prosecuted,” he said. The comments also indicate that the White House is anticipating the war — which Trump …