Crude oil prices will soon reflect the extent of this energy supply crisis, IEA warns

Crude oil prices are not yet reflecting the severity of the supply crisis caused by the Iran war, but they soon will, International Energy Agency's Executive Director Fatih Birol has warned. Birol said that nearly 13 million barrels a day of oil supply has been shut due to the conflict and closure of the Strait of Hormuz.

US President Donald Trump said the ongoing conflict between the United States and Iran is "very close" to ending, even as Washington maintains pressure following a temporary ceasefire. In addition, it also veing reported that Lebanon and Israel are set to start direct talks.

More than 20 commercial vessels have passed through the strategically vital Strait of Hormuz in the past 24 hours despite a United States naval blockade targeting Iranian ports. The Wall Street Journal (WSJ) reported citing two US officials that over 20 ships passed.

Anthropic PBC, the company at the centre-stage of the new wave of AI revolution, has received many proposals from investors for a new round of funding that could value the artificial intelligence business at roughly $800 billion or higher.

The Dow Jones ended with gains of another 300 points, adding to a 300-point surge on Monday as well. The S&P 500 has gained 150 points in the last two sessions, while the Nasdaq has outperformed its peers with a surge of over 700 points across Monday and Tuesday.

Trump aims to restore tariffs to pre-court levels by July via Section 301, Bessent says growth may top 3 as core inflation falls, but headline inflation and fuel costs are rising. According to the Treasury Secretary, corporate executives can now begin planning and making decisions regarding capital expenditures.

Over the last ten days, Nvidia's stock has increased by more than 18%. Since another ten-day surge in 2023, this is the artificial intelligence chip giant's longest winning streak. After accounting for a 10-for-1 stock split that took place in 2024, shares increased 3.8% on Tuesday but are currently trading roughly 8% below October's all-time high of $212.19.

US President Donald Trump has urged the United Kingdom to ramp up oil and gas production in the North Sea, intensifying pressure on Prime Minister Keir Starmer's government amid a worsening global energy crisis.

Fertiliser shortages due to the Iran war are a pressing concern for developing countries and gains from rising oil and gas prices for developing world producers are likely to be short-lived, the head of the United Nations trade agency said on Tuesday.

The Dhurandhar franchise has become the first Indian film series to cross the ₹3,000 crore mark in worldwide box office collections, driven by the combined performance of its two instalments led by Ranveer Singh.

Oil-to-metals conglomerate Vedanta Ltd on Tuesday (April 14) reported that 10 workers have died and 24 workmen have been affected following an incident at the Unit-1 boiler of its Athena Power plant located at Singhitarai in Chhattisgarh. The incident involved personnel of its subcontractor, NGSL.

Israel-Lebanon talks, Return of Trump's tariffs, Anthropic's $800 billion valuation, Nasdaq's jump and more - CNBC TV18