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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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Prices are up 21% from a month ago with the oil market roiled by the U.S.-Iran war.
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Stock Market Today: Dow Claws Higher; Micron Pops While Pharma Name Breaks Out (Live Coverage) Investor's Business DailyOil prices dive as Trump says Iran war will end ‘very soon' CNNTrump Hears the Markets' Fears About Iran War Bloomberg.comUS stocks hold steadier as Wall Street waits for the next signal on how long war with Iran may last AP NewsOil Prices Offer Up a Stunning Reversal | What's News for March 9 WSJ
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China's Exports Surge in First Two Months of Year WSJChina exports surge despite Trump tariffs BBCChina exports sharply beat expectations as trade surplus in the first two months surges to highest on record CNBCChinese Exports Soared 22% Before Middle East War Broke Out Bloomberg.com
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The Gulf conflict has led to higher fuel prices, and the cost of operating a plane has sharply increased. For travelers, that likely means higher fares.
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Oil prices climbed on Monday, but finished below Monday's highs near $120 a barrel following talk by the Group of Seven nations of a potential emergency release of crude reserves.
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