The Iran Conflict Briefly Sent Oil Past $115. Here's 1 Way It's Quietly Reshaping the AI Trade.
2026-03-12 20:50:00 ET
Oil prices surged last week as geopolitical tensions in Iran and the surrounding regions continued to flare. In recent trading days, oil prices have reverted sharply, sliding from a temporary high of $115 per barrel on March 9 to around $80 per barrel today. Still, oil prices remain roughly 40% higher since the year began.
What do volatile, rising oil prices have to do with artificial intelligence (AI) stocks ? There's a sneaky angle tech investors should be aware of.
It's not just oil prices that are going up. Natural gas prices are also up more than 16% since the year began. That's a challenge when you consider that fossil fuels still supply data centers with around 60% of their power need per data from the International Energy Agency (IEA). Renewables supply around 27% of the required electricity, with nuclear contributing 15%.
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