It is the second round of strikes the U.S. launched this week — marking a renewed exchange of fire between the two countries after a weekslong pause in fighting. Tuesday’s str

In the largest escalation in the conflict for more than a month, the US has launched more than six hours of strikes against Iran overnight. US Central Command says it was targeting military installations,

The U.S. and ​Iran found themselves back in a war footing on Wednesday after the most significant exchange in weeks, with Washington threatening even more devastating strikes while ‌Iran protested an attack that it said killed five and wounded dozens of civilians at a wedding.

The global bond sell-off gathered pace . Japan’s ten-year government bond yields rose to 3%, their highest since 1996. Several other countries, including America, saw their borrowing costs grow, too.

Oil hovered around $95 a barrel as the U.S. and Iran exchanged fresh strikes, putting further pressure on bond yields as a rout in sovereign debt extended in early European trade.

Energy and gas prices are up again after the U.S. resumed strikes on Iran. CBS News' Kelly O'Grady has more on the economic outlook.

Oil prices have climbed and Asian shares have wavered as recurring violence in the Iran war heightens uncertainty over the future of the conflict.

Oil prices have climbed and Asian shares have wavered as recurring violence in the Iran war heightens uncertainty over the future of the conflict

President Donald Trump’s unusual Venezuela oil deal is coming into fuller view, but his plan to use the proceeds to replenish America’s diminished emergency energy supplies remains a head-scratcher.

"It's not going to result in cheaper gasoline, diesel or jet fuel prices over the next five days, five weeks or five months. It's just not," Tom Kloza, the chief energy adviser for the oil company, Gulf Oil said in an interview.

The White House says it’s partnering with North American Blue Energy Partners in a deal that will give the Pentagon a stake in Venezuela’s vast oil reserves

President Trump is downplaying concerns about a new oil reserve agreement with Venezuela that experts say could take years to get up and running. CBS News' Lilia Luciano has more.

At gathering of G20 finance ministers, the Treasury secretary accused Canada’s prime minister of starting a “political shouting match” over U.S. trade policies.

Canadian Prime Minister Mark Carney vowed “dollar-for-dollar” tariffs in response to the United States’ 50% tariffs on $20 billion in Canadian goods after the two sides failed to reach a trade deal. Carney’s tit-for-tat measures,

There’s a smart use of tariffs. This ain’t it. This is a vanity war,” the Democratic Senate candidate in Michigan said.

Ever since talks collapsed on Aug. 21, Canadian and American officials have been blaming each other for making too many last-minute requests. Both sides are now jostling for credibility as reliable narrators,

How could Warsh’s policy signals reshape FX markets? Learn how to access executable spot prices, tap deep liquidity and trade larger sizes with the FX trading grid.

Circle Squared Alternative Investments founder Jeff Sica discusses Fed Chair Kevin Warsh’s hawkish rate outlook and the housing market on ‘Varney & Co.’

Last week, Kevin Warsh delivered a much-anticipated speech at his first Jackson Hole, Wyoming, conference as Federal Reserve chair. While he, as expected, declined to offer forward guidance, he did express concern about stubbornly high inflation,

In his keenly anticipated speech at the recent Jackson Hole conference, Federal Reserve Chairman Kevin Warsh struck a decidedly hawkish tone and assured investors he’s committed to getting inflation under control.

Shares in fast-fashion online retail giant Shein have begun trading on Hong Kong’s stock exchange after a long delay

Shares in fast-fashion online retail giant Shein fell as much as 10% after they began trading on Hong Kong's stock market Tuesday, after a long delay in the company's plans to list its shares publicly.

Shein shares fell more than 5% on Wednesday, extending a disappointing start to trading in Hong Kong after the fast-fashion retailer completed its long-awaited initial public offering. The stock closed at HK$46 on

CNBC's Eunice Yoon reports on the details of Shein's IPO debut.