US stock markets close on high after Iran war drove oil prices above $100 a barrel https://ift.tt/dIx7Q0Z Jillian Ambrose Energy correspondent and Lauren Aratani in New York Markets settled after Trump claimed US-Israel war with Iran is ‘very complete’, bringing oil prices down to $85 a barrel How high could oil prices go – and what might the global economic fallout be? US stock markets closed on a high after oil prices swung wildly on Monday, reaching a four-year high in the morning that rattled Asian and European markets before settling down once Donald Trump said the US-Israel war with Iran is “very complete”. After surging past $100 a barrel on Monday morning, oil prices came down to $85 a barrel by the time that US stock markets closed in the afternoon. US stocks leaped at a report from a CBS News reporter that Trump thinks “the war is very complete, pretty much” because “they have no navy, no communications, they’ve got no air force”. Continue reading... https://ift.tt/P0Nifdg March 9, 2026 at 11:07PM

Markets settled after Trump claimed US-Israel war with Iran is ‘very complete’, bringing oil prices down to $85 a barrel

• How high could oil prices go – and what might the global economic fallout be?

US stock markets closed on a high after oil prices swung wildly on Monday, reaching a four-year high in the morning that rattled Asian and European markets before settling down once Donald Trump said the US-Israel war with Iran is “very complete”.

After surging past $100 a barrel on Monday morning, oil prices came down to $85 a barrel by the time that US stock markets closed in the afternoon. US stocks leaped at a report from a CBS News reporter that Trump thinks “the war is very complete, pretty much” because “they have no navy, no communications, they’ve got no air force”.

Continue reading...

from The Guardian https://ift.tt/dIx7Q0Z