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Global Stocks Plummet as Oil Prices Surge 10%

3/13/2026

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Story summary
  • Global stocks fell on March 12, 2026, as oil rose 10%, yields climbed, and the dollar strengthened, signaling worsening outlook.
  • Analysts shifted expectations, with no U.S. rate cuts anticipated for 2026.
  • The bond market sold off, with U.S. two-year yields at their highest since August.
  • Next week, central banks including the U.S. Federal Reserve and the Reserve Bank of Australia will meet, with possible rate hikes if oil stays elevated.