Volatile day for stocks as uncertainty over Iran war, oil prices continue
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The Bottom Line
Stock markets were volatile due to uncertainty over the Iran war and rising oil prices, with gas up 14%.
How This Affects You
Gas prices have increased by 14% since the conflict began, directly raising your fuel costs.
AI Summary
Stock markets experienced a volatile day amid ongoing uncertainty surrounding the joint U.S.-Israel war with Iran. According to AAA, gas prices increased by 14% during the first week of the conflict. This rise in energy costs and geopolitical instability are contributing to market fluctuations. CBS News contributor J.D. Durkin provided analysis from the New York Stock Exchange. The situation highlights the immediate economic impact of the conflict on global markets and consumer costs.
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Trump Insists ‘I Have a Plan’ as Oil Prices Surge on Iran War - Bloomberg.com
This article is part of a story we're tracking:
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.
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FinanceCracks emerged in a resilient US economy before war in Iran sent oil prices rocketing - AP News
<a href="https://news.google.com/rss/articles/CBMitgFBVV95cUxNVGZxOGhaUlRKVUVIWkd3QUVubEZPTHFvc3hZeFBBZG1nVXlId1N1d2FlTmNLeVY5bHp0bW1SZ18zZndOa0ExSGZqT3hEQ1NqS0Y1RkgyTWV3ZUpNX2NxeEJmQUxBSDM0YWxTMll6WW1aVm91bGd1SENxa0Z6eWZtTDZyNk1qZjRFS0tJYmRLbVU5UE1KU0UwVzFvSTdYdjlzY3d2c01VNkdYSzlfYl9zMDVsOEtpUQ?oc=5" target="_blank">Cracks emerged in a resilient US economy before war in Iran sent oil prices rocketing</a> <font color="#6f6f6f">AP News</font>
FinanceOil jumps to $100 per barrel and stocks sink worldwide with no clear end in sight for the Iran war - AP News
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FinanceKey inflation gauge worsened in January, before Iran war lifted gas prices - AP News
<a href="https://news.google.com/rss/articles/CBMikwFBVV95cUxOSHY4OUo1LWRwWEh2VUtGZE5vX1EwQV9hdGwzMWE3RWlmdHo2cVU2Ml9xM1VlbGs0WW16NHd2ZU9FdW9aWjVZZEFkRmQ2bm5vS3VsWkY5T1pxWEltbzFsVVJaS185c2wtUzg2ekZMb2JvazhYQXRacnFUUHhYOUpJVE5BMGN5M0hEVENLX3B5VFd3QUk?oc=5" target="_blank">Key inflation gauge worsened in January, before Iran war lifted gas prices</a> <font color="#6f6f6f">AP News</font>
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 ...
PoliticsTrump dismisses soaring gas prices as 'a little glitch' of Iran war
President Trump is dismissing skyrocketing gas prices as Americans start to feel the economic ripple effects of his war with Iran.
Global‘I don’t give a shit about Iran. I don’t want to pay higher gas’: Motor City motorists feel pinch as gas prices surge
<p>Drivers in Detroit are unhappy with the spike in gas prices, even if reactions are mixed to the US-Israel war on Iran</p><p>On a rainy <a href="https://www.theguardian.com/us-news/detroit">Detroit</a> afternoon at a gas station off Interstate 75, Victor Rodriguez watched the pump tally tick up as he filled up his F-250 diesel pickup truck for $4.19 per gallon. It totaled $110. “Ridiculous,” he said.</p><p>The <a href="https://www.theguardian.com/world/us-israel-war-on-iran">US-Israel war on Iran</a> has <a href="https://www.theguardian.com/business/2026/mar/12/middle-east-war-creating-largest-supply-disruption-in-the-history-of-oil-markets">crippled major portions</a> of the oil supply chain, sending gas prices soaring as the conflict enters its third week. Rodriguez said he supports “getting rid of this thug”, referring to Iran’s <a href="https://www.theguardian.com/world/2026/mar/08/death-of-khamenei-seen-as-irans-berlin-wall-moment">Ayatollah Ali Khamenei</a>, who was killed b...
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