Oil gains over 2% as Mideast tensions and Hormuz toll prospects raise supply worries
Oil prices rose on Tuesday after U.S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz.

Oil prices rose on Tuesday after U.S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz.
The U.S. has completed a third consecutive night of strikes against Iran, as Tehran targets U.S. military facilities in the region.
China's trade growth accelerated far more than expected in June, as booming global demand for AI hardware and a rush by exporters to beat anticipated tariff hikes turbocharged shipments.
The death of Sen. Lindsey Graham ignited a scramble among South Carolina Republicans to prepare for a special primary election to replace him on the GOP ticket.
President Donald Trump's plan to impose a 20% fee on cargo passing through the Strait of Hormuz is threatening the global oil surplus.
The Strait of Hormuz is a major oil shipping route and the epicenter of the U.S. and Israel's ongoing war with Iran.
Trump's lawsuit against the IRS was settled by the Justice Department with an agreement to create a $1.8 billion "lawfare" fund that has since been scrapped.
JGBs have been selling off amid policy normalization and concerns over Tokyo's spending plans, but experts say that they deserve another look from investors.
Economy is one of the most important categories in CNBC’s annual America’s Top States for Business rankings. Several states stand out for economic strength.
Economy is a key category in CNBC’s America’s Top States for Business study, and some states stand out for the wrong reasons.
Shenzhen-based LimX Dynamics is the latest humanoid company in China to raise capital in recent weeks as investors eye IPO exits.
Cyclospora, a parasitic infection that can cause weeks of severe diarrhea, is spreading in the U.S. Here's what to know about the disease, and how to stay safe.
CNBC's Jim Cramer said tech stocks continue to offer the market's biggest upside.
Trump said he will make a "Speech to the Nation on Thursday evening, at 9 P.M. Eastern," without providing further details.
The coastal Chinese city of Shenzhen has become a hub for tech hardware that U.S. firms can't ignore.
Fast casual chain Chipotle announced Monday that it is opening its first location in Mexico in the Monterrey area.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
The security situation in Hormuz has deteriorated since Iran attacked multiple commercial ships transiting the strait over the past week.
The growth figure was higher than the 5.5% expected, but lower than the revised 6.3% in the first quarter.
A group of states, including California, filed a lawsuit to block the merger between Paramount and Warner Bros. Discovery.
The Fed governor said inflation has expanded beyond the often-cited drivers such as the energy price spike in tariffs.
Federal bank regulators issued guidance Monday seeking to curb mortgages, auto loans and other consumer credit to immigrants without U.S. work authorization.
SpaceX went public a month ago in a record IPO. Elon Musk's space and AI company was added to the Nasdaq-100 last week.
Chances of a rate hike in July by the Federal Reserve rose as oil prices jumped on the latest developments in the Strait of Hormuz.