President Trump left the G7 meeting early to focus on the conflict between Israel and Iran. And the president says he's looking for something uh in his words better than a ceasefire. Joining us now, former Biden senior adviser Amos Hawkin.He's a managing partner at TWWG Global. And I assume you uh Amos, and it's good to see. I I assume you have a pretty good idea of um how the world is supplied right now with oil.And you can explain why we did see a little a move higher, but we certainly didn't see the any ...

Dan, it is great to see you. So, let's dive right into this, Dan. So, a historic geopolitical moment here, Israel, Iran, that war going red-hot.One question front and center, Dan, is just how long we think this conflict could last. When clients ask you, what are you telling them, Dan, and what are the what are the variables that depends on. Uh, thanks, Josh.Good to see you. So, uh, it's an excellent question. How long does the war last and what does it depend on.I I think it will take anywhere from a few da ...

[Music] Hello and welcome to Market Domination. I'm Julie Hyman. That's Josh Lipton. Live from our New York City headquarters, we are giving you the ultimate investing playbook to help tune out the noise and make the right moves for your money. And here's Headline Blitz, getting you up to speed 1 hour before the closing bell rings on Wall Street. First, I think what we're going to see at the meeting is we got these updated projections and we expect the Fed to go from two cuts this year to one and just ackno ...

Welcome to Wealth. I'm Alec Canal and this is Yahoo Finance's guide to building your financial footprint. Our community of experts will give you the resources, tools, tips, and tricks you need to grow your money.On today's show, we'll check in on oil prices after they jump to their highest level since January. Our very own Nes Fay will explain how that could impact your prices at the pump and more Americans are claiming social security benefits. A financial planner will break down how you should look at tho ...

Well, Israel uh has uh struck Iranian oil storage facilities and parts of Iran's biggest natural gas field as well this weekend, but that's not having an impact on the price of oil. Uh perhaps something of a surprise. Let's get to Brian Sullivan, of course, who covers all of these markets and so much more for us.Brian, what's your take in terms of the moves here we've seen uh in the commodity itself given all the news. the the take guys is that and by the way let's hope that what Megan was talking about som ...

Bring in Schwab's Lisanne Saunders now. She joins us on the CNBC news. Good to have you on as well, Lisanne.Welcome back. Your thoughts on these markets. Yeah, I mean it's it's not a it's not a huge huge reaction down.We've had obviously worst days just tied to trade news, but um you know if you if you look historically at other surprise um military attacks, you do tend to see a big downward move on the day the two biggest ever were most recently September 11th, maybe no surprise there, and then when North ...

Market Overview - Energy sector is the only sector performing well today due to rising oil prices following Israel's air strikes against Iran [1] - Crude oil prices are up approximately 7% [1][7] Iran's Energy Sector and Oil Exports - Iran exports about 17 million barrels of oil per day, with over 90% of these exports originating from Car Island [2][10] - Car Island, a small island in the northern Persian Gulf, is the primary export point for Iranian crude oil [2][9][10] - Israel's decision not to target Car Island is noteworthy [8][10] - Iran's oil exports are now almost entirely directed to China [8] Strait of Hormuz - The Strait of Hormuz is a crucial artery for global energy trade, only 21 miles wide at its narrowest point [4] - Approximately 20 million barrels of oil pass through the Strait of Hormuz daily, accounting for about 20% of global oil and product demand [4] - The Strait handles 34% of the global seaborne oil trade [5] - About a third of the oil passing through the Strait is destined for China [5] - Saudi Arabia, the UAE, and Kuwait also export crude oil through the Strait [5] - The Strait is the sole export route for Qatar and the UAE, which together account for about 20% of global LNG supply [6] - Energy firm Kepler suggests that a closure of the Strait could push Brent crude oil prices above $100 per barrel [6] Market Reaction - WTI crude oil initially rallied 14% overnight but is now up a more modest 7% [7] - The market is focusing on the fact that no oil supply has been disrupted [7] - Traders are exhibiting a more measured response, possibly due to past experiences where geopolitical events did not significantly impact oil supply [7]

Market Impact of Geopolitical Tensions - Oil prices are surging following strikes by Israel, with the market closely watching Iran's response [1] - The Strait of Hormuz is a key chokepoint, with Iran potentially disrupting a quarter of the world's oil supply [3] - JPMorgan simulations assign a 7% probability to a worst-case scenario of oil reaching $130 per barrel [6] Potential Disruptions and Risks - A worst-case scenario could see oil prices rise to $120 per barrel due to Strait of Hormuz closure [4] - Lower-level actions by Iran, such as harassing shipping, could increase shipping rates and cause tanker shortages [4] - Traders are buying call options to protect against potential escalation [5] Iranian Oil Supply - Sanctions could be reimposed, potentially removing Iranian barrels from the market [8] - The market needs to prepare for the possibility of Iranian barrels being removed from the market, even without military action [9]

Oil futures spiking, seeing their biggest gain in three years. And as we're monitoring the violence that's breaking out between Iran and Israel, this is prompting concerns around the outlook for supply in the region. Joining us now on the outlook for energy sector here.We've got Fernando Valet who is the hedgei risk management energy analyst. Good to have you here. Taking some time this morning.just walk us through where this immediately kind of initiates some of your attention to flow into especially when ...

The results of the CNBC NRF retail monitor for May just released. Let's get to Steve Leeman. He has more on this.Hi, Steve. Hey, Becky. Consumer spending growth slowed in May.Apparent payback from strong April outlays that were propelled by consumers pulling forward purchases ahead of tariffs. And consumers of course could now face new challenges after developments overnight in the Middle East. Uh the CNBC NRF retail monitor.It's powered by real credit card spending data from Affinity Solutions showed a 0.5 ...