All posts tagged: United States Oil Fund

‘I don’t care’ if Iran negotiations are over

‘I don’t care’ if Iran negotiations are over

Asked if he believed it was time to formally end the U.S.-Iran ceasefire that is nominally still in place, Trump said, “Let’s say I knew exactly what you’re asking … and I sort of do. Why would I tell you?” He also said that the U.S.’ NATO allies “should come in and help us out” because they rely on the oil that flows through the Hormuz Strait more than the U.S. does. “We don’t need it, we have a lot of oil,” he said. But when asked if he has reached out to NATO to participate in reopening the strait, Trump said, “They would if I wanted them to, but I’m not sure I want them to.” “We don’t need them. We don’t need NATO. They were very, very weak and very sad, what they said,” Trump said. “They said, ‘We’ll help you as soon as the war is over.’” PRESIDENT TRUMP Hello. EAMON JAVERS Hello, Mr. President. It’s Eamon Javers here with CNBC. How are you, sir?  PRESIDENT TRUMP Hello, Eamon. What’s going on, …

Republicans stare down inflation abyss with midterms fast approaching

Republicans stare down inflation abyss with midterms fast approaching

Rep. Brian Fitzpatrick, R-Pa., talks with a reporter in the U.S. Capitol’s Statuary Hall on Friday, March 27, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images Republicans have said for months that inflation is former President Joe Biden’s problem. Now, they’re staring down the barrel of an inflation crisis of their own making just in time for the midterm election, and the blame game is just getting started. Inflation ticked up to 3.8% year-over-year in April, the highest mark since 2023. Much of that spike is coming on the back of soaring energy prices, which have persisted since President Donald Trump launched a war in Iran. Trump and congressional Republicans swept into power in 2024 by promising to defeat the inflation that dogged Biden’s presidency. But they now risk getting trounced in the 2026 midterm election due to their own inflation crisis, and they are struggling to find a clear message to battle high prices as the president pushes for a $400 million White House ballroom and a $1.8 billion taxpayer-funded legal relief …

U.S. and Iran at odds over uranium enrichment, Strait of Hormuz tolls

U.S. and Iran at odds over uranium enrichment, Strait of Hormuz tolls

An Iranian flag flutters in the wind as ships remain anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran. Majid Saeedi | Getty Images News | Getty Images The U.S. and Iran have signaled progress in talks to end the war, but the combatants remain at loggerheads over Tehran’s enriched uranium stockpile and tolls on the strategically vital Strait of Hormuz. U.S. Secretary of State Marco Rubio on Thursday said there were “good signs” that an agreement to end the conflict is in sight, but warned any such deal would be “unfeasible” if Iran pursues measures to permanently control shipping through the Strait of Hormuz. “No one in the world is in favor of a tolling system. It can’t happen [and] it would be unacceptable,” Rubio told reporters in Miami, Florida. “If we can’t get a good deal, the president’s been clear he has other options,” Rubio said, without elaborating. It comes shortly after Iran said the latest proposal from the U.S. had brought the two warring sides closer to …

China to buy U.S. oil to feed its ‘insatiable appetite,’ Trump tells Fox News

China to buy U.S. oil to feed its ‘insatiable appetite,’ Trump tells Fox News

BEIJING, CHINA – MAY 15: U.S. President Donald Trump and Chinese President Xi Jinping tour the Zhongnanhai leadership compound on May 15, 2026 in Beijing, China. Mark Schiefelbein-Pool | Getty Images News | Getty Images U.S. President Donald Trump said China has agreed to buy American oil, in a pre-recorded interview with Fox News that aired Thursday evening stateside, as the two nations push for concrete trade and business wins at their ongoing bilateral summit. “They’ve agreed they want to buy oil from the United States, they’re going to go to Texas, we’re going to start sending Chinese ships to Texas and to Louisiana and to Alaska,” Trump said in the interview that was conducted after his meeting with Chinese President Xi Jinping in Beijing on Thursday. China also agreed to help with Iran negotiations and not to supply military equipment to Tehran, Trump said, adding that the Chinese leader would like to see the Strait of Hormuz open and free of tolls. “They have an insatiable appetite for energy, and we have unlimited energy,” …

Iran war hangs over Trump’s China trip: Analysis

Iran war hangs over Trump’s China trip: Analysis

As President Donald Trump prepares to head to China for crucial negotiations with the leader of the No. 2 global power, it is becoming clear that the political and economic damage unleashed by the Iran war can’t be easily left behind. Even if a deal to get oil tankers moving again were reached tomorrow — and there is little sign of that — Americans are facing the prospect of months or more of new inflation worries. The question now isn’t whether Trump will secure his war aims with dignity. It is whether his presidency can ever recover from the war’s body blow.  Trump is banking little political goodwill from the stock market that keeps grinding to records. The S&P 500 has risen 7.3% since Feb. 27, just before the U.S. and Israel attacked Iran. Meanwhile Trump’s net approval rating has fallen to the lowest of his two terms, according to CNBC’s All-America Economic Survey. Stocks are rising on faith in artificial intelligence and traders’ well-earned sense that Trump will find a way to get out …

Trump says Iran ceasefire ‘on life support’ after rejecting Tehran’s counterproposal

Trump says Iran ceasefire ‘on life support’ after rejecting Tehran’s counterproposal

President Donald Trump on Monday said that what remains of the U.S. ceasefire with Iran is “on life support” after Tehran sent an “unacceptable” counter to Washington’s proposal to end the war. The state of the month-old truce is “unbelievably weak,” Trump told reporters in the Oval Office. “I would call it the weakest, right now, after reading that piece of garbage they sent us — I didn’t even finish reading it,” Trump said. “I would say the ceasefire is on massive life support, where the doctor walks in and says, ‘Sir, your loved one has approximately a 1% chance of living,’” he said. The testy ceasefire began on April 8, on the heels of Trump threatening to destroy Iran’s “whole civilization” if no deal was struck. It was originally slated to last just two weeks, but Trump unilaterally extended it on April 21. The ceasefire has been on shaky ground from its earliest days, as each side has accused the other of violating its terms. Trump, in announcing the truce on April 7, said …

Iran reviewing U.S. proposal, Trump says war will end soon: Reports

Iran reviewing U.S. proposal, Trump says war will end soon: Reports

President Donald Trump speaks to reporters as he departs the White House in Washington, May 1, 2026. Kevin Lamarque | Reuters Iran is “currently reviewing” messages from the U.S. that it received via Pakistani mediators, but it has yet to reach a conclusion or deliver a reply, an Iranian official said Thursday, state media outlets reported. The comments attributed to Iran’s Ministry of Foreign Affairs spokesman Esmaeil Baqaei came one day after Axios and other outlets reported that the U.S. and Iran were nearing a 14-point memorandum of understanding to end the war and tee up further nuclear talks. President Donald Trump later said at the White House that the Iranians want to “make a deal very much, and we’ll see whether or not they can make a deal that’s satisfactory to us.” At an event Wednesday evening to support Georgia Republican gubernatorial candidate Burt Jones, Trump predicted the war will “be over quickly,” CBS News reported. The latest signals that the 2-plus-month-old war could be ending sent stocks higher and oil prices lower on …

Trump says Iran will be bombed ‘at much higher level’ if they don’t agree to peace deal

Trump says Iran will be bombed ‘at much higher level’ if they don’t agree to peace deal

U.S. President Donald Trump said that Iran will be bombed “at a much higher level” if it doesn’t agree to a peace deal. The president said the war “will be at an end” if Iran agrees to the proposals, meaning the Strait of Hormuz “will be open to all.” His post on Truth Social came after markets reacted to an Axios report that the U.S. and Iran were close to an agreement that would bring their two-month war to an end. The outlet reported on Wednesday that Washington expects responses from Tehran on several key points to form the basis of a one-page memo within the next 48 hours. Oil prices fell sharply in response, while U.S. stock futures, equities listed in Europe and global sovereign bonds rallied. In his Truth Social post, the president warned that if Iran did not agree to a deal, “the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before.” Before the post, a Pakistan government official told MS Now: “The …

Markets on edge as fresh U.S.-Iran attacks dent optimism over a peace deal

Markets on edge as fresh U.S.-Iran attacks dent optimism over a peace deal

Veiled pro-government supporters stand in a line under a banner depicting portraits of Iran’s late Supreme Leader Ayatollah Ali Khamenei and Ayatollah Mojtaba Khamenei, as they wait to receive donated meals during a state-run religious rally in downtown Tehran, Iran, on April 29, 2026. Nurphoto | Nurphoto | Getty Images Up until the weekend, global markets had been betting on a fragile ceasefire between the U.S. and Iran turning into a longer-term peace deal. But escalatory rhetoric, action over the Strait of Hormuz, and fresh Iranian attacks on the United Arab Emirates over the past 48 hours, have led experts to warn war could be back. Market analysts said the latest developments could mark an inflection point in the war and a critical moment for financial markets and global energy supplies, which are dwindling as the Strait of Hormuz remains largely closed. “It’s an incredibly delicate moment,” Ben Powell, chief investment strategist for APAC at BlackRock, told CNBC Tuesday. “It’s very unsettling to have our first missile warnings here in Abu Dhabi for several weeks. …

UAE says Iran launched missile attack despite ceasefire

UAE says Iran launched missile attack despite ceasefire

Women stand looking at the Dubai skyline, with the Burj Khalifa, the world’s tallest building, seen from Creek Harbour on April 3, 2026. Fadel Senna | AFP | Getty Images An already shaky ceasefire between the United States and Iran appeared to be on the verge of collapse Monday, as the United Arab Emirates came under attack from Iranian drones and missiles and the U.S. said it sank Iranian boats in the Strait of Hormuz. President Donald Trump, in a Fox News interview later Monday, warned Iran that it will be “blown off the face of the earth” if it targets U.S. ships that are protecting commercial vessels transiting the strait. Trump also said in a Truth Social post that a South Korean cargo ship had come under fire from Iran in the waterway. “Perhaps it’s time for South Korea to come and join the mission!” Trump wrote in the post. Stock market indices closed sharply lower and oil prices rose on Monday, as investors’ fears grew that the war’s impact on the global economy …