Oil surges 35% this week for biggest gain in futures trading history dating back to 1983
The oil market is worried that Gulf countries will have to shut production if tankers are unable to pass through the Strait of Hormuz.

The oil market is worried that Gulf countries will have to shut production if tankers are unable to pass through the Strait of Hormuz.
Vinay Prasad is leaving his post as director of the Center for Biologics Evaluation and Research.
CBP told Judge Richard Eaton that the technology upgrades it plans would save more than 4 million man-hours in processing refunds for Trump's tariffs.
Palantir's stock had its best week since August and outperformed all of its large-cap tech peers after the U.S. attacked Iran.
The futures price of the global benchmark Brent crude oil rose, breaking $90 per barrel, after Trump posted his demand to Iran to end the war.
Robinhood's Venture Fund I plunged 11% in its debut on the New York Stock Exchange on Friday, casting doubt on investors' appetite for riskier investment.
Critics of paying college athletes say it undercuts schools' finances and their educational mandate.
President Trump said he met with CEOs of BAE Systems, Lockheed Martin, Northrop Grumman, RTX Corp., Boeing, Honeywell Aerospace and L3Harris Missile Solutions.
Miran said in a CNBC interview that the Fed should be focusing more on supporting the labor market than worrying about inflation.
The average IRS tax refund is up 10.6%, based on early filing data. Here's what you can expect.
The GOP's "big beautiful bill" made administrative tweaks expected to reduce enrollment in the Affordable Care Act marketplace by millions of people.
The economy is showing signs of slowing as the Iran war quickly pushes up gas prices.
Nonfarm payrolls were expected to increase 50,000 in February while the unemployment rate held steady at 4.3%.
Amazon joined Microsoft and Google in continue to offer Anthropic's Claude AI technology to customers after the Pentagon deemed it a "supply chain risk."
Cloud vendors are letting customers know that Anthropic's popular AI tools can still be accessed after the Department of Defense blacklisted the company.
Millions have claimed President Donald Trump's "no tax on overtime" deduction. But there could be filing mistakes, according to tax experts.
The U.S.-Israeli strikes on Iran over the weekend gave way to a week with topsy-turvy markets, spiking mortgage rates and higher prices at the pump.
Daly told CNBC on Friday that the weak February jobs report adds to a difficult policymaking environment.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Vast is betting on a "leapfrog strategy" to land a phase two NASA award for the International Space Station.
Men are more enthusiastic about AI, while women are more skeptical, according to CNBC's 5th annual SurveyMonkey Women at Work survey.
Marvell shares surged on Friday after the company beat earnings expectations and issued strong guidance on continuing AI demand.
While regional sales will be impacted, the closing of the Strait of Hormuz and rising oil prices will have ripple effects across the global automotive industry.
Investors are scrutinizing the prospects for some drugs in the pipeline following a string of recent rejections from the U.S. Food and Drug Administration.