Oil prices fall, stocks rise as Trump says military goals ‘pretty well complete’
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The Bottom Line
Oil prices fell and stocks rose after President Trump said U.S. military goals in Iran were “pretty well complete.”
How This Affects You
Lower oil prices could lead to reduced gas prices, potentially saving you money on transportation costs.
AI Summary
Global oil prices declined and stock markets rose following President Trump's statement that U.S. military objectives in Iran were "pretty well complete." This suggests a potential de-escalation or conclusion to the conflict, impacting market stability. However, the Strait of Hormuz remains largely closed to tanker traffic, prompting the administration to consider strategies for reopening the vital shipping lane and mitigating domestic consumer impact. Concurrently, Venezuela is preparing to open its mining sector to U.S. companies, signaling potential new economic opportunities.
What's Being Done
The administration is considering strategies for reopening the Strait of Hormuz and mitigating domestic consumer impact.
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Iran & Middle East Conflict
Tracking the evolving military and diplomatic situation across the Middle East, including US-Iran tensions, Israeli operations, proxy conflicts, and the broader geopolitical implications for the region.
Economy & Markets
Monitoring the US and global economy including inflation, employment, Federal Reserve policy, trade tensions, market volatility, housing affordability, and the financial pressures facing American households.
Trump's Influence on US Politics and Foreign Policy
Former President Donald Trump continues to exert significant influence on US politics, from taunting foreign leaders and shaping primary elections to making controversial statements on immigration and foreign policy, including his stance on the ongoing Iran conflict.
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FinanceMost U.S. stocks fall as oil prices get back to rising
Since the start of the Iran war, sharp moves for oil prices have triggered swings up and down for financial markets worldwide, sometimes by the hour.
PoliticsExclusive: Trump reviews options to curb energy prices as Iran strikes roil markets - Reuters
<a href="https://news.google.com/rss/articles/CBMiugFBVV95cUxQT0Z5U1Z0Tkp2RmVmdGlWMWRuVm5GaXdER25ZdnA3X0V5eHBZTlI2YlhWWmlDME9mblVaV2JZNFh5QVJiTDAxRlpMNWRqbUNWLXN0V0pJUTB4NWEtX3V2Q3hYN0hoSDFkOVQ5MzlFVm5fbnBoZ3lZNkVsRElDVk8tcU9wdktDb2xfRzlpc1F1bU5kU1R1bjZQZkNWSGdwZjRiem9LU0JhMlUzSnYxM1pzZVlRQko3Z2FBa3c?oc=5" target="_blank">Exclusive: Trump reviews options to curb energy prices as Iran strikes roil markets</a> <font color="#6f6f6f">Reuters</font>
PoliticsTrump a lot more concern about how war and oil prices will affect midterms
Since the war has started, fourteen ships have been hit in the Strait of Hormuz, as Iran vows to carry out an 'oil blockade'. Although oil prices have gone down after sharply increasing, concern remains. French President Emmanuel Macron is calling on G7 leaders to work together to reestablish 'freedom of navigation' in the region as soon as possible. FRANCE 24's Philip Turle looks at the politics of this crisis, and the US strategy.
PoliticsScoop: Trump eases Venezuela sanctions on oil, fertilizer to blunt Iran war costs
<p>The Treasury Department made it easier Friday for U.S. businesses and farmers to buy Venezuelan fertilizer and oil as their prices rise because of the <a href="https://www.axios.com/world/iran" target="_blank">Iran war,</a> Axios has learned.</p><p><strong>Why it matters</strong>: The bottleneck of tankers in the Persian Gulf because of Iranian attacks has caused the costs of oil and fertilizer, a petrochemical product, to jump. It threatens to spike inflation and raise the <a href="https://www.dw.com/en/iran-us-israel-war-food-crisis-prices-fertilizer-energy-costs-inflation/a-76286348" target="_blank">cost </a>of food in the U.S.</p><hr><ul><li>By reducing sanctions on oil-rich Venezuela, <a href="https://www.axios.com/2026/03/13/iran-war-trump-officials-ship-escorts-hormuz-strait" target="_blank">Treasury Secretary Scott Bessent</a> hopes to increase supplies in the U.S. and lower prices.</li></ul><p><strong>Zoom in:</strong> The Office of Foreign Assets Control, which manages ...
PoliticsOil Prices Rise Despite Trump’s Decision to Lift Russia Sanctions - The New York Times
FinanceEmergency oil reserves could be tapped - but few would bet on prices falling
A big intervention is being discussed in the oil markets, but as yet, we do not know how big the problem will be.
Change in Data Sources Led to Lower Inflation Reading
A methodological change contributed to a better-than-expected inflation report, prompting questions from some economists.
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