Wall Street’s losses deepened as the ongoing fallout from the war in Iran keeps pushing oil prices higher, ratcheting up inflationary pressure on the global economy Wall Street’s losses deepened as the ongoing fallout from the war in Iran keeps pushing oil prices higher, ratcheting up inflationary pressure on the global economy. After briefly easing […]
How major US stock indexes fared Friday 3/13/2026 Read More »
Home Market News Dow Jones Today | US Stock Market Highlights: S&P 500 falls to new low for year on Iran oil crisis, posts third-straight losing week Dow Jones Today | US Stock Market Highlights: The S&P 500 fell on Friday (March 13), while oil prices extended their gains as investors awaited further developments in
By Julianne Geiger – Mar 13, 2026, 1:02 PM CDT Bank of America is warning investors not to chase oil prices higher if crude climbs above $100 per barrel, arguing that prices at those levels tend to trigger government and central bank responses aimed at cooling the economy. The bank said oil has already been
Bank of America: Sell Oil Above $100 Read More »
Oil drilling rigs Oil markets are closely watching prices as Middle East tensions continue to threaten crude flows through the Strait of Hormuz, disrupting global supply and pushing prices higher. Brent crude closed above $100 per barrel yesterday for the first time since August 2022. During the week, prices briefly surpassed $120 per barrel. In
Poll: What’s next for oil prices? Read More »
Gold futures for April delivery edges down 0.5% to $5,100.4 per ounce Gold and silver futures fell on Friday as the US dollar strengthened, while the ongoing conflict in the Middle East kept oil prices above $100 per barrel. Gold futures for April delivery declined 0.5%, or $25.4, to $5,100.4 per ounce as of 9:30
Gold futures fall, head for 2nd weekly loss Read More »
Greater Bay Airlines announced on Friday that fuel surcharges for non-mainland services would almost double from March 18 due to higher oil prices as a result of the Middle East conflict. This came after similar moves by Cathay Pacific and Hong Kong Airlines. For flights to the Maldives, the surcharge will rise from HK$284 to
Greater Bay Airlines surcharges double from Wednesday Read More »
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As the US–Israel war on Iran escalates, so too does the global oil crisis. The effective closure of the Strait of Hormuz, through which roughly 20% of the world’s oil and natural gas flows, and the targeting of oil production facilities in the Middle East have lifted the oil price by 34%. The price of
Oil, petrol, gasoline: a chemical engineer explains how crude turns into fuel Read More »
Goldman Sachs expects Brent crude to reach $71 per barrel in Q4 2026 Goldman Sachs raised its forecasts for oil prices in Q4 2026, citing expectations that disruptions to crude flows through the Strait of Hormuz will persist for a longer period amid the US-Israeli war on Iran. The US bank now expects Brent crude
Goldman Sachs lifts oil price forecasts Read More »
Oil prices surge despite global move to release strategic reserves as geopolitical risks mount Global oil prices have surged rapidly despite a record-breaking agreement by the International Energy Agency (IEA) and the United States to release massive quantities of strategic oil reserves in an attempt to curb the impact of the war in Iran. Brent
