{"id":11086,"date":"2026-03-09T14:53:16","date_gmt":"2026-03-09T14:53:16","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/11086\/"},"modified":"2026-03-09T14:53:16","modified_gmt":"2026-03-09T14:53:16","slug":"stocks-slump-as-iran-war-sends-oil-prices-surging-above-100-a-barrel","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/11086\/","title":{"rendered":"Stocks slump as Iran war sends oil prices surging above $100 a barrel"},"content":{"rendered":"<p>U.S. stocks tumbled in early trading on Monday after oil prices topped $100 a barrel over the weekend and the <a href=\"https:\/\/www.cbsnews.com\/live-updates\/us-iran-war-israel-stock-prices-down-oil-prices-up-despite-trump-reassurance\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\" rel=\"nofollow noopener\">war in Iran<\/a> showed no signs of abating.<\/p>\n<p>The S&amp;P 500 slid 88 points, or 1.3%, to 6,652 in early trading, while the Dow Jones Industrial Average plunged 632 points, or 1.3%, to 46,870. The Nasdaq Composite fell 1.3%.<\/p>\n<p>Financial markets have been extremely volatile since the war in the Middle East started last week. The turbulence continued into Monday, after oil surpassed $100 for the first time since 2022, when Russia&#8217;s invasion of Ukraine pushed up global energy prices.\u00a0<\/p>\n<p>Brent crude, the international standard, on Monday hit $102, while West Texas Intermediate, the U.S. benchmark, reached $99.49 per barrel, according to FactSet. Higher energy prices are leading Americans to <a href=\"https:\/\/www.cbsnews.com\/news\/why-gas-prices-are-going-up-iran-war-chart\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\" rel=\"nofollow noopener\">pay more at the pump<\/a> and renewing fears of inflation.<\/p>\n<p>Oil prices are higher because shipping through the <a href=\"https:\/\/www.cbsnews.com\/news\/strait-of-hormuz-iran-oil-prices-us\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\" rel=\"nofollow noopener\">Strait of Hormuz<\/a>, a vital waterway for oil tankers, is at a near standstill. About 20% of the world&#8217;s oil supply flows through the Strait. That supply hit is affecting motorists around the world and risks affecting a range of other industries, from agriculture to petrochemicals, according to economists.<\/p>\n<p>The national gas price average in the U.S. rose to $3.48 on Monday, up from about $3 a week ago and $2.90 a month ago, according to\u00a0<a href=\"https:\/\/gasprices.aaa.com\/\" target=\"_blank\" rel=\"nofollow noopener\">AAA<\/a>.<\/p>\n<p>&#8220;This oil shock won&#8217;t end until ships can sail freely through the Strait,&#8221; Ed Yardeni of Yardeni Research told investors in a report on Monday. &#8220;Until then, the financial markets are likely to become increasingly concerned about a 1970s-style stagflation scenario.&#8221;<\/p>\n<p class=\"content__meta--editors\">\n      Edited by<\/p>\n<p>                                  <a href=\"https:\/\/www.cbsnews.com\/team\/alain-sherter\/\" class=\"byline__author__link\" data-invalid-url-rewritten-http=\"\" rel=\"nofollow noopener\" target=\"_blank\">Alain  Sherter<\/a>\n                      <\/p>\n<p>\n          More from CBS News\n        <\/p>\n<p>\n                Go deeper with The Free Press\n              <\/p>\n<p class=\"content__tags__label\">In:<\/p>\n","protected":false},"excerpt":{"rendered":"U.S. stocks tumbled in early trading on Monday after oil prices topped $100 a barrel over the weekend&hellip;\n","protected":false},"author":2,"featured_media":642,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[865,34,6342,866],"class_list":{"0":"post-11086","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-iran","8":"tag-dow-jones","9":"tag-iran","10":"tag-nasdaq","11":"tag-sampp-500"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116199791838323805","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/11086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=11086"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/11086\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/642"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=11086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=11086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=11086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}