Oil prices surged about 20% on Monday as the U.S.-Israeli war with Iran continued, raising fears of prolonged disruptions to energy supplies. Anton Petrus | Moment | Getty Images Oil prices plunged 10% Tuesday after U.S. President Donald Trump warned that Tehran would be hit “twenty times harder” if it attempted to halt oil flows through the…
A currency dealer monitors exchange rates in front of a big screen showing South Korea’s benchmark stock index (C) and the Korean won/USD exchange rate (R) in a foreign exchange dealing room at the Hana Bank headquarters in Seoul on April 9, 2025. Jung Yeon-je | Afp | Getty Images South Korea’s Kospi opened more…
My top 10 things to watch Monday, March 9 1. No end in sight to Iran war: Oil is surging again this morning, with both U.S. benchmark WTI and global standard Brent trading in the low-to-mid $100s a barrel. The Financial Times reported that G7 officials are discussing tapping their strategic oil reserves, which helped…
Signs display prices for gasoline at stations on March 2, 2026 in Chicago, Illinois. Scott Olson | Getty Images U.S. Treasury yields climbed higher on Monday as oil prices soared past $100 a barrel and increased inflation fears among investors. The benchmark 10-year Treasury yields rose more than 4 basis points to 4.175%, and the…
Traders work at the New York Stock Exchange on March 2, 2026. NYSE What you need to know today Crude oil finally did what analysts have been warning about in the past week: it blew past $100 per barrel on Sunday as Iran continues its closure of the critical Strait of Hormuz. It was the…
Smoke rises from the site of airstrikes in a central area of the Iranian capital Tehran on March 6, 2026. Atta Kenare | Afp | Getty Images The U.S. government ordered non-emergency government employees to leave Saudi Arabia as the war engulfing Iran widened across the Middle East, pushing oil prices above $110 per barrel…
Fire breaks out at the Shahran oil depot after U.S. and Israeli attacks, leaving numerous fuel tankers and vehicles in the area unusable in Tehran, Iran, on March 8, 2026. Anadolu | Anadolu | Getty Images Japan’s Nikkei 225 and South Korea’s Kospi both plunged over 6% in early trade Monday, leading a broader regional…
Crude oil prices surged above $100 per barrel on Sunday, after major Middle East producers cut output because the critical Strait of Hormuz remains closed due to the Iran war. West Texas Intermediate jumped 18.98%, or $17.25, to $108.15 per barrel by 6:12 p.m. ET. Global benchmark Brent advanced 16.19%, or $15.01, to $107.70. U.S….
U.S. Energy Secretary Chris Wright pumps gas at a gas station in Corpus Christi, Texas, U.S., February 27, 2026. Sheila Dang | Reuters Energy Secretary Chris Wright said oil and gas prices will begin to fall when the U.S. begins to knock out Iran’s ability to hinder tanker traffic through the Strait of Hormuz, as…
The Texas Voyager oil tanker sits anchored off the coast of Chevron’s El Segundo Refinery in El Segundo, California on March 4, 2026. Patrick T. Fallon | Afp | Getty Images The Trump administration on Friday announced a $20 billion reinsurance program for oil tankers and other maritime traffic in an effort to get vessels…
