Stocks Recoup Losses and Oil Pares Gains After Smashing Through $100 per Barrel

Stocks recoup losses and oil pares gains after smashing through $100 per barrel

By John Towfighi, CNN New York (CNN) — US stocks were lower and oil prices hit their highest level since 2022 as investors Monday grappled with a potential energy crisis caused by the war with Iran. The Dow was down 375 points, or 0.8%, as of the afternoon. The S&P 500 fell 0.4%, and the Nasdaq Composite was 0.1% lower, all partially recovering from steeper losses earlier in the day. US crude oil was up 2%, to $93 per barrel, paring gains after …

Shares plunge as oil prices rocket to four year high

The global economy is facing its biggest shock since the depths of the pandemic as oil prices soar to almost US$120 a barrel. It’s wiped billions off equity markets. Fears are growing that the war against Iran could plunge the United States and many other economies into recession. Overnight, oil prices eased back to just under US$100 after finance ministers from G7 countries including the US, UK and Canada said they would take “all necessary” me…

Trump Dismisses Oil Spike Fears and Calls Critics 'Fools' as Other Countries Scramble for Oil Reserves

President Donald Trump has sparked backlash after branding concerns over skyrocketing energy costs as 'foolish', even as global markets reel from the most violent oil price swing since 2022. Following a series of US and Israeli airstrikes on Iranian infrastructure, Brent crude surged by 25% on 9 March 2026, briefly touching $119.50 a barrel. While the G7 and the International Energy Agency (IEA) convened an emergency session to coordinate a mass…

Wall Street Follows Global Markets Lower As Iran War Briefly Pushes Crude Prices Near $120 A Barrel

Wall Street followed global markets lower and oil prices briefly spiked to nearly $120 per barrel as the Iran war intensified, threatening production and shipping in the Middle East.

Fidelity’s Market Week: Tom Stevenson comments as shares and bonds fall in response to a surge in the oil price

With investors warning of the risk that prolonged disruption through the Strait of Hormuz could add to inflation pressures and weigh on global growth, Tom Stevenson, Investment Director, Fidelity International has shared his analysis. In his weekly outlook, Stevenson comments on what’s driving markets this week and outlines some potential scenarios as to how things might play out depending on what happens in the Gulf in the days and weeks ahead.…

2 defense stocks to buy this week amid U.S.

Traditionally, conflict has been a profitable endeavor for the U.S. defense industry, with the nation’s production capacity expansion during the Second World War doing much to secure the country’s global dominance in the last 80 years. In 2026, the situation remains similar, despite many observers turning cynical on the phenomenon, and most major companies that belong to the military-industrial complex have seen significant stock market gains si…