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Wall Street Dips as Oil Prices Soar Amid Iran War

3/14/2026

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Story summary
  • Wall Street fell on March 13, 2026 as oil prices surged amid the war in Iran.
  • Brent crude closed at $103.14 per barrel, marking a 40% rise this month.
  • The International Energy Agency released 400 million barrels from reserves, a move seen as insufficient.
  • Inflation rose to 2.8% in January 2026, with consumer sentiment declining due to rising gasoline prices.
  • Job openings neared 7 million.