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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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The S&P 500 ended slightly higher on Monday as investors interpreted President Trump's comments as a signal that the conflict could end soon.
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Anthropic sues Trump administration amid AI dispute with Pentagon NBC NewsAnthropic sues the Trump administration over 'supply chain risk' label NPRAnthropic Claims Pentagon Feud Could Cost It Billions WIREDHow AI Is Turbocharging the War in Iran WSJAnthropic
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The president insists conflict with Iran will be brief, but world leaders are preparing for severe economic blowback.
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U.S. Gasoline Prices, Rising Again, Hit $3.48 a Gallon The New York TimesMiddle East turmoil sends Cleveland gas prices soaring AxiosAAA Fuel Prices AAA Fuel PricesGas prices surge as oil spikes amid Iran war. Here's how much Americans are paying. CBS NewsCalifornia gas prices rise above $5 a gallon amid US war with Iran The Guardi
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World leaders are scrambling to confront the surging cost of oil, as its fallout also threatens to revive inflation in an array of other products.
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Dow futures tumble 500 points as oil tops $100 a barrel, raising stagflation fear: Live updates CNBCWall Street follows global markets lower as Iran war briefly pushes crude prices near $120 a barrel Pittsburgh Post-GazetteStock market today: Dow, S&P 500, Nasdaq futures sell off as oil prices surge to over $110 a barrel Yahoo FinanceGlobal Stocks Sink as Oil Prices Surge The New York Times
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Oil Tops $100 as War Rages, US Stock Futures Drop: Markets Wrap BloombergG7 to discuss joint release of emergency oil reserves, FT reports ReutersG7 to discuss joint release of emergency oil reserves Financial TimesG7 to discuss joint release of emergency oil reserves - report The Times of Israel
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Fears that AI advances will upend the software industry have driven demand for new ways to place wagers
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Oil prices soar, Trump sends warning, Iran names leader. War updates. USA TodayPentagon Announces Seventh U.S. Death in War With Iran The New York TimesThe U.S. names its 7th dead soldier and oil prices spike on Day 10 of the Iran war NPRSeventh US service member dies in Iran conflict The Hill
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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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How the Iran energy shock could bring lasting geopolitical change AxiosThe Guardian view on the Iran crisis exposing Britain's energy vulnerability: clean power offers protection | Editorial The GuardianAs Iran war shakes energy system, some see powerful argument for renewable energy AP NewsIran War Tests Whether Clean Tech Learned Any Lessons From 2022 Bloomberg.com
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War chokes the Strait of Hormuz, leaving hundreds of oil tankers and container ships stranded and raising alarms of a looming global energy shock and food shortages across the Gulf and beyond.
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Markets suggest the ramifications are likely to drag on and spread
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Global oil price surge past $110 per barrel as the Middle East's largest producers curb their output and the war in Iran continues
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Higher prices will push inflation upward in 2025, limiting the Federal Reserve's ability to cushion the soft U.S. labor market, said former Pimco CEO Mohamed El-Erian.
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The conflict has hit Europe and Asia harder than the United States, with rising shipping costs and energy prices.
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