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Prices are up 21% from a month ago with the oil market roiled by the U.S.-Iran war.
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Live updates: US will end war with Iran ‘on our timeline,' Hegseth says CNNWATCH: Hegseth says Tuesday will be 'most intense day of strikes' on Iran PBSTrump Sends Mixed Signals On When Iran War Might End: Live Updates The New York TimesUS and Iran dig in and ramp up threats as war rages with no end in sight AP News
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China's oil imports rose nearly 16 percent in the first two months of 2026, adding to its growing energy stockpile.
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The U.S.-Israeli attacks on Iran have intensified and the conflict has widened, shaking global energy markets.
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Businesses Ask the TACO Question About Iran The New York TimesThe thing that everyone expected to happen has happened Financial TimesWhy the US stock market may have been right about Iran all along CNNIran War: The White House Is Still Flirting With Financial Chaos BloombergHow to trade Trump 2.0 Robin J Brooks | Substack
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Bank of America's equity-derivatives strategists, led by Nitin Saksena, say it's too early to celebrate.
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The price of oil had spiked to nearly $120 a barrel on Monday, drawing remarks by President Trump that he believed the war on Iran was "very complete."
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Oil Drops as Trump Signals Iran Conflict Near End: Markets Wrap BloombergOil extends slide as investors assess Trump comments on Iran war, Strait of Hormuz CNBCOil prices fall and stocks rise after Trump says Iran war 'very complete' BBCThe 24 Hours When Oil Markets Went Wild WSJThe Wild 24-Hour Rise and Fall of Oil Prices The Atlantic
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Iran war's oil shock fuels GOP political anxiety The Washington PostTrump administration starts to panic over rapidly rising oil costs CNNGas price spikes are slamming Senate battleground states Axios‘We've got to pay attention': GOP anxiety spikes over rising energy prices PoliticoDivided on so many things, Americans find unity in frustration at higher gas prices PBS
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Investors now expect that the Fed will delay a rate cut until September instead of July, as they had before the war in Iran began.
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Seattle Opera, PNB throw pointed, playful jabs at Timothée Chalamet after actor's dismissive comments The Seattle TimesTimothée Chalamet Has a Point About Ballet The New York TimesAcademy wars: how did this season's Oscars discourse get so toxic? The GuardianPatton Oswalt Takes Aim at Timothée Chalamet's Ballet and Opera Comments With Punchy Monologue The Hollywood Reporter
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War with Iran delivers another shock to the global economy AP NewsTrump administration starts to panic over rapidly rising oil costs CNNPendulum swings back on economy amid Iran conflict The HillHow the Iran War Could Hit Americans' Wallets The New York TimesTrump weighs easing Russia sanctions, other measures to cool oil prices Reuters
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U.S. and Western Allies Turn to Reserves to Counteract Gulf Oil Crisis WSJG7 energy ministers to meet Tuesday morning to discuss release of oil reserves, sources say CNBCG7 ready to take ‘necessary measures' over economic impact of Iran war The GuardianCan Tapping Oil Reserves Tame the Iran War Price Shock? Bloomberg
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President Trump insists the conflict will be brief, but world leaders are preparing for severe economic blowback.
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The jump was a sign of growing concern that the war in the Middle East will take a toll on energy supplies.
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Take part in a live Q&A with economics leader writer Tej Parikh and European economics commentator Martin Sandbu on Wednesday March 11 at 1pm GMT
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Markets suggest the ramifications are likely to drag on and spread
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