The Stock Market's New Fear Is an 11-Letter Word That Crushed the Economy in the '70s - Barron's

Oil price at two-year high after Qatar warns all Gulf production could stop within days

Israel-Iran War Drives Oil Price Spike Across Global Markets - Sigma Earth

Brent crude surged

on Friday, March 6, 2026, marking its highest level in months due to escalating conflict in the Middle East. Prices jumped over

, driven by fears of supply disruptions in the Strait of Hormuz following reports of attacks on ships and key energy infrastructure in Iran.

Price Surge: Brent crude futures for May 2026 settled at
per barrel, while West Texas Intermediate (WTI) passed
per barrel.
Conflict Impact: The rise followed major military actions by the U.S. and Israel against Iran starting on Feb. 28, 2026.
Supply Risks: Significant disruptions occurred in the Strait of Hormuz, with reports of shuttered oil fields in Kuwait and a "near-total" halt of traffic through the key waterway.
Market Reaction: This was the largest weekly gain for oil since 2020, with experts warning of potential, further spikes towards
per barrel if the conflict continues.

A Week of Turmoil Leaves Stocks in Negative Territory for 2026 - The New York Times