I guess if you take away the worst case scenario, that's actually helpful for lower oil prices. A couple of things to consider, though. One, Ali McCrossin RBC said over the weekend that she would caution against that knee jerk reaction that, quote, The worst is behind us.Now, the other factor to consider here, irrespective of the supply issue that may or may not happen with Iran is the demand side. So there's been a lot of stockpiling by China, a lot of stockpiling by other countries within the West as well ...

Listen to CNBC wherever you get your podcasts. >> Oil prices spiked over the weekend. This following America's strikes on Iran, but now they're in the red.You can see that, of course. President Trump posted on Truth Social this morning. Everyone keep oil prices down.I'm watching. You're playing right into the hands of the enemy. Don't do it.Posted the president and to the Department of Energy. Drill, baby. Drill.And I mean now. Brian Sullivan is here at post nine. He's going to help us break those things do ...

Mr. . Secretary, welcome to the program, sir. We'd like to lean on your experience.The work to execute an operation like this one and your high level assessment of its success. Well, good morning. Look, it was clearly successful in terms of the execution.Our aircraft were able to make it in drop. But 14 GBU 57, the submarine's launched lambs from offshore. We were in out with impunity.Nobody was hurt. And I just I think it speaks to the skill and professionalism of the United States military. And now I thin ...

>> THE U.S. MILITARY CARRIED OUT PERSISTENT STRIKES ON THE THREE KEY NUCLEAR FACILITIES IN THE IRANIAN REGIME. >> WE ARE NOT DRAGGING AMERICA INTO A WAR AND WE ARE LEAVING IT TO THE PRESIDENT AND HIS TEAM. >> THE BOMBING OF NUCLEAR FACILITIES BY THE UNITED STATES MARKS A TURN IN A REGION THAT IS ALREADY REALLY -- REELING.DANI: IT IS 5:00 A. M. IN NEW YORK CITY.I AM DANI BURGER WITH YOUR "BLOOMBERG BRIEF." IRAN VOWS TO EVALUATE AND KEEPS UP ON ISRAEL FOLLOWING THE U.S. ATTACK ON ITS NUCLEAR FACILITIES. THE W ...

If you had asked anybody before this evening how Wall Street would react after the US decided to directly attack Iran, I'm guessing the thought would be more severe than this. I think that was the thought coming in. But remember, we had a taste of this when Israel first struck Iran back late June 12.Here in the United States. And I think the playbook that is going to play out tonight and into Monday could potentially be a repeat of that, a big knee jerk reaction where risk assets get sold off, haven assets ...

LISA: THANK YOU SO MUCH. JOINING US IS STEPHEN SHORCK. HOW LONG DO YOU THINK THAT THEY WILL LAST.IT WILL DEPEND ON FURTHER ESCALATION AND HOW LONG THE HOSTILITIES. WE ARE LOOKING AT A SITUATION OF A WAIT AND SEE. THE MARKET HAS PRICED IN GREATER VOLATILITY.WHAT WE SAW BEFORE LAST THURSDAY WAS A MARKET SWITCHING INTO THE BRENT AND WTI BEGINNING IN 2026 HAD SWITCHED TO A MARKET WHERE PRICES FOR JANUARY WERE CHEAPER THAN FEBRUARY AND SO FORTH. THIS IS A CLASSIC FUNDAMENTAL TELLTALE THAT THE MARKET IS PRICING I ...

[CC may contain inaccuracies] How important is the Strait of Hormuz right now. And even if we don't necessarily see a closure or just disruptions in that region. I mean, massively important, 20% of the world's oil is flowing there and the roughly equivalent amount of the world's gas.What is particularly challenging right now is some of the jamming that's happening on GPS devices and the like, which which is a concern. The Strait of Hormuz is, at the end of the day, the artery through which the world's energ ...

Joining me now are Haleem Croft from RBC Capital Markets and CNBC's Pipa Stevens. Hale Lima, there's a lot of talk about uh the straight of Hormuz very narrow passageway from the Persian Gulf out into the ocean. I think what something like a quarter of all Yeah.A fifth of all oil consumed globally passes through here. Iran might not shut it down, but why is it such an important choke point. I mean it is the key choke point for oil and I think a lot of the conversation today has been well Iran hasn't closed ...

And now oil prices are surging, as we've been talking about on the heels of these strikes by Israel. Joining us now, Will Kennedy. He's Bloomberg senior executive editor for energy and Commodities.You are seeing that Brent crude rise hold to a large degree. Ultimately, we talked a lot about the White House's response. But investors, of course, the world is watching for Iran's response.How might the oil markets respond based on what would have happened over the weekend and into next week. Yeah, that's exactl ...

Market Reaction to Geopolitical Events - Initial reports of no damage to Iranian oil infrastructure led to a price correction after Brent crude prices initially spiked by 13%, settling at a 7% increase [1] - The market is closely monitoring the potential impact on Iran's oil production, export capabilities, storage, and refining capacity [2] - The market is sensitive to the possibility of a larger conflict involving the Strait of Hormuz, despite the difficulties and potential detriment to Iran [3][4] - Potential self-sanctioning by ship owners avoiding the region due to prolonged conflict could reduce oil and gas supply [5] - The market is in a wait-and-see mode, closely observing Iran's response to the Israeli attack and Israel's subsequent actions [6] Supply and Demand Dynamics - The oil market is currently considered frothy and oversupplied, providing a buffer against potential supply disruptions [9] - Brent crude prices had risen to $78, after being at $60 at the beginning of May due to concerns about the trade war impacting demand [10] - Weaker oil demand, influenced by trade war concerns and lagging Chinese industrial output, mitigates the immediate impact of potential supply reductions [10][11] - Despite the oversupplied market, the potential disruption of the Strait of Hormuz, though a remote possibility, is causing price gains [12] Geopolitical Developments - Reports indicate a large-scale Israeli attack involving over 200 Air Force planes targeting 100 Iranian nuclear and missile facilities [7][8] - Iran's response includes a statement emphasizing the necessity of nuclear enrichment [7][8]