What on earth is going on with the oil price?
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The Bottom Line
Oil prices are experiencing sharp swings due to the Iran conflict.
How This Affects You
Your fuel and energy costs may fluctuate unpredictably due to the conflict.
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The article content provided contains only a headline and subheading without any substantive information about oil price movements, Iran conflict details, or specific data. The source material is insufficient to write a factual summary meeting the required standards.
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‘We cut down the menu’: Cooking gas crisis hit restaurants in India amid war in Iran
This article is part of a story we're tracking:
Economy & Markets
Monitoring the US and global economy including inflation, employment, Federal Reserve policy, trade tensions, market volatility, housing affordability, and the financial pressures facing American households.
Iran & Middle East Conflict
Tracking the evolving military and diplomatic situation across the Middle East, including US-Iran tensions, Israeli operations, proxy conflicts, and the broader geopolitical implications for the region.
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Global'Volatile: Oil market much more resilient than in 1970s' as conflict speculation drives price swings
Peter O'Brien is pleased to welcome Dan Marks, Research Fellow in energy security at the Royal United Services Institute. He views the global oil system as significantly more resilient than in past crises, in stark contrast to the 1970's. The current oil price movements being driven less by immediate physical disruptions and more by evolving expectations around the trajectory of conflict. While recent signals from political actors have temporarily eased fears of direct strikes on key facilities, volatility remains rooted in uncertainty rather than material scarcity.
GlobalWhy it's so hard for world leaders to bring down oil and gasoline prices
From waiving the Jones Act to rerouting oil through the Red Sea, governments are doing their best to make up for the crisis in the Strait of Hormuz, but prices are still rising.
FinanceOil prices ease and stocks jump after Trump says Iran is talking with the US, despite Iran's denials - AP News
<a href="https://news.google.com/rss/articles/CBMikwFBVV95cUxOSXF2TnlFRWR1aDRqRXY4NFllT3pYTnI2QnBHM3FzaEpmMWQ4QW9TVmFGMGp3OTFWTGpsMmQtZHJ0X1hGZVUwQUdmQ0wxWjlfaHNWNThJTTlhSVBKUFBqQVBWUHJncFVOTUhza3hDN3NLNHhPbGV3ZGZuNUdzRlhjUUtqSFNDSTJmRGJ2MnpQSms4cGs?oc=5" target="_blank">Global shares decline as hopes dim for resolution in Iran after Trump’s latest comments</a> <font color="#6f6f6f">AP News</font>
PoliticsUS may remove sanctions on Iranian oil stranded in tankers, treasury secretary says
<p>US treasury secretary says actions will increase oil supply and bring down prices, but long-term effects in question</p><p>The US may soon remove sanctions on Iranian oil stranded on tankers at sea, the treasury secretary, Scott Bessent, said on Thursday as Washington seeks to curb prices soaring over Iran’s closure of the strait of Hormuz.</p><p>“In the coming days, we may un-sanction the Iranian oil that’s on the water. It’s about 140m barrels,” Bessent said during an appearance on Fox Business Network’s Mornings with Maria.</p> <a href="https://www.theguardian.com/us-news/2026/mar/19/us-sanctions-iranian-oil-hormuz">Continue reading...</a>
GlobalUS stocks slip, but markets worldwide hold steadier after oil prices ease a bit - AP News
<a href="https://news.google.com/rss/articles/CBMimAFBVV95cUxQb212V0FGeWZNZWV3ak50THZNajRJczNGOVJNSWxUVUoyeG1fUklGNUFEX1VtZjRyVWhjOFZEeUtNdVNkdldJZ1FRcmFhY1NSWXdYNE9uZm82bTZmWExJUDdaTzJlT1AwUENvZ1ZfTmlVMHZjRW9TcENWUVNld2JNRThxU29SY0FKTjRJVi11U2p1cmJ1Mkg3UQ?oc=5" target="_blank">Oil steadies and global shares are mixed as Iran war fuels energy supply concerns</a> <font color="#6f6f6f">AP News</font>
GlobalIran War Fallout: Southeast Asia Hard Hit by Skyrocketing Fuel Prices
Across Southeast Asia, a region heavily dependent on energy exports brought via the Strait of Hormuz, lives are being upended by higher oil and gas prices.
Mysterious trading patterns follow Trump into war
<div>Data: Yahoo Finance; Chart: Erin Davis/Axios Visuals</div><p>An epidemic of suspicious trading has emerged around President Trump's <a href="https://www.axios.com/2026/03/23/trump-iran-economy-bonds" target="_blank">most consequential decisions</a> — each time, just minutes or hours before he rattles global markets, according to exchange data.</p><p><strong>Why it matters:</strong> As the <a href="https://www.axios.com/world/iran" target="_blank">Iran war</a> sends prices soaring for ordinary Americans, a select few appear to be profiting in plain sight. It's precisely the kind of alleged corruption Trump built his political career <a href="https://www.politico.com/story/2016/07/full-transcript-donald-trump-nomination-acceptance-speech-at-rnc-225974" target="_blank">railing against</a>.</p><hr><ul><li>Democrats, favored to win the House in November, already are <a href="https://democrats-financialservices.house.gov/news/documentsingle.aspx?DocumentID=415221" target="_blank">lay...
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