PRICE HIKES FOR EVERYTHING

Commodities Corner

Spike in oil prices triggers talk of an economic doomsday scenario

President Trump calling for an ‘unconditional surrender’ by Iran didn’t help oil markets Friday

By

Myra P. Saefong

Published: March 7, 2026 at 8:30 a.m. ET

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Oil prices just made their largest weekly percentage jump on record, raising worries about inflation. Photo: Getty Images/iStockphoto

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