Saturday, March 07, 2026

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

Illustration of oil pump jacks at sunset overlaid with US dollar bills, symbolizing the oil and gas industry's financial aspect.
Oil prices just made their largest weekly percentage jump on record, raising worries about inflation. Photo: Getty Images/iStockphoto

 

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