Oil Surges Past $100: Iran War Disrupts Global Energy

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Mar 9, 2026

Oil has just crossed $100 a barrel as Iran's actions shut down the Strait of Hormuz amid ongoing war. Stocks are tumbling, and experts debate if this spike is temporary or the start of something bigger. What does it mean for your wallet?

Financial market analysis from 09/03/2026. Market conditions may have changed since publication.

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Wealth consists not in having great possessions, but in having few wants.
— Epictetus
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