economy
March 9, 2026
Stocks down as oil prices soar amid war with Iran, hit four-year high
Oil prices have soared as the war against Iran continues on its 10th day, hitting $100 per barrel for the first time since July 2022. Kristin Myers, the ETF editor-in-chief for Asset TV, breaks down the economic impact. Salvatore R. Mercogliano, an adjunct professor at U.S. Merchant Marine Academy, breaks down where things stand with the Strait of Hormuz.
TL;DR
- Oil prices have reached $100 per barrel.
- This is the highest price since July 2022.
- The increase is due to the ongoing war against Iran, now in its 10th day.
- Kristin Myers will discuss the economic impact.
- Salvatore R. Mercogliano will provide details on the Strait of Hormuz situation.
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