As Trump’s Iran deadline looms, the physical oil market is flashing something far more serious than currently reflected in futures contracts.

Bob McNally, Rapidan Energy, joins 'Power Lunch' to discuss the state of energy markets, China's role in the war in Iran and much more.

Unless Strait of Hormuz transit resumes, the stress in refined products and the shortages we’re seeing across Asia will spread, and quickly.”

The Iran conflict highlights how geopolitical shocks drive divergence across crude oil and natural gas benchmarks. Widening regional spreads underscore the value of diversified exposure across global energy benchmarks.

The city of Cincinnati's program to lock in electrical prices has a better rate than last year, but only for six months.

President Trump's comments about the geopolitical conflict in the Middle East provided little guidance for investors.

The European Union is preparing emergency energy measures, including demand cuts and market interventions, as the Iran war disrupts global supply and drives prices higher.

Crystal Energy's Carole Nakhle says oil markets should normalize as prices are currently being driven by geopolitical risk rather than fundamentals. She notes Asia can offset some of the disruption to LNG supplies with coal and attempt to manage demand,

The e-commerce giant called the surcharge "temporary" but couldn't give a date for when the policy would be retired.

Since the US-Israel attacks against Iran broke out just over a month ago, most global energy markets have rallied on concerns over supply disruptions. But in West Texas, natural gas prices are dirt cheap — and now look set to stay lower for longer.

The Strait of Hormuz reopened Wednesday, but Iran later closed it again, saying the U.S. violated ceasefire terms. CBS News New York's Lisa Rozner reports.