March 13, 2026
Article from Yahoo Finance by Jake Conley
Article Synopsis
Oil prices surged above $100 per barrel as tensions escalated in the Middle East after Donald Trump warned the U.S. would strike Iran “very hard” in the coming week. The threat heightened fears of disruptions to global oil supplies, particularly around the Strait of Hormuz, a key route for energy shipments. Rising geopolitical risk has increased volatility in energy markets and added pressure on global financial markets.
