Iran Conflict Jolts Markets

2026-03-07 02:50:00 ET

Energy prices move sharply higher

Energy markets drove this week’s market volatility, with the conflict in Iran triggering a sharp rise in oil and natural gas prices. Through Thursday’s close, West Texas Intermediate crude oil was up roughly 17% from last Friday, pushing prices close to $80 per barrel. Moves in natural gas were even more pronounced, with Dutch TTF — a benchmark for European gas prices — climbing more than 50% over the same period....

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