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The oil industry's grim outlook for global oil and gas supplies stands in contrast to the Trump administration's promise that the disruption is short term.
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The White House has depicted the war in Iran online with videos that weave real life images of missile strikes and destruction with clips from video games, sports clips, and action movies.
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There has long been concern that the Houthis, an Iran-backed militia, could disrupt shipping in the Red Sea if they entered the broader war.
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The war has disrupted shipping routes, raised fuel and insurance prices, closed airports, and left aid groups with tons of essential supplies stuck in warehouses.
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As the war in Iran reaches the one-month mark, a Iranian strike on an air base in Saudi Arabia wounded several U.S. service members. On Saturday the Israeli military intercepted a missile launched from Yemen.
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On Feb. 28, the United States and Israel launched massive strikes on Iran in an operation targeting military and government sites.
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Oil markets have been sensitive to Donald Trump's comments on the war. But are traders growing less responsive?
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One month into the U.S.-Israeli war with Iran, we turn to our correspondents across the region to assess the conflict's impact.
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The combined missile and drone attack amounted to one of the most serious breaches of American air defenses in the course of the monthlong war with Iran.
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Two ships turned back after being warned not to pass through the Strait of Hormuz on Friday. Iran said strikes in the country had hit a uranium processing plant and industrial sites.
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Traffic through the strait has fallen by 90% since the start of the Iran war, sending global oil prices skyrocketing.
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;Resize=(620)) March 27, 2026 | CBC News has learned that Transport Canada warned WestJet its new, tighter seat configuration could pose a potential safety hazard after a tip from a flight attendant. Tiger Woods is arrested on suspicion of impaired driving after a Florida car crash. And the Toronto Blue Jays play their home opener.
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Gold prices have plunged 13% since the outbreak of war with Iran, betraying the yellow metal's reputation as a safe-haven asset.
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The S&P 500 is down nearly 9 percent from a January high. The weekly losing streak is its worst in roughly four years.
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U.S. stocks suffered their biggest loss since the war with Iran started, fueled by rising oil prices and fears over when the war will end. NBC News' Monica Alba and Matt Bradley detail Trump's latest comments and latest in the Strait of Hormuz.
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