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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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Oil futures fell sharply on Tuesday, extending losses from the overnight session, as world leaders consider releasing emergency crude supplies as the Iran conflict stretches into an 11th day.
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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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JPMorgan delivers a stark message for investors in stocks thestreet.comStock market today: Dow, S&P 500, Nasdaq futures fall, oil slides after volatile day on Wall Street Yahoo FinanceInvestors and Trump Face an Iran Dilemma The New York TimesCalm returns to Wall Street as oil prices retreat below $90 per barrel AP News5 Irrefutable
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As War Sends Gas Prices Soaring, Americans Wince: ‘Harder to Exist.' The New York TimesTrump administration starts to panic over rapidly rising oil costs CNNTrump Faces Pressure to Tame Surging Gasoline Prices BloombergTrump's War in Iran, and Rising Gas Prices, Collide With Midterm Agenda The New York Times‘We've got to pay attention': GOP anxiety spikes over rising energy prices Politico
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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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Australia grants asylum to 5 Iranian soccer players after Trump pressure The Washington PostFive Iranian footballers granted Australian visas after anthem protest BBCMore members of the Iranian women's soccer team seek asylum as most of squad leaves Australia CNNIran's Women's Soccer Team Offered Asylum by President Trump The New York Times5 members of the Iranian women's soccer team granted asylum in Australia NBC News
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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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Missile in Deadly Iranian School Strike Appears to Be U.S.-Made, Photos Taken by Iran Show The New York TimesTrump gives conflicting answers on how long the Iran war will last CNNTrump says he's 'willing to live with' final US report on deadly missile strike near Iranian girls' school abcnews.comUS missile hit military base near Iran school, video analysis shows BBC
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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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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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