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This Weekend | Oil Surges Above $90 Amid Iran Conflict

Bloomberg

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⚡ Quantum Brief

Oil prices surged above $90 per barrel on March 7, 2026, as escalating Iran conflict disrupted global energy markets, triggering immediate volatility. US stock indexes—Dow, S&P 500, and Nasdaq—each fell roughly 1% amid the oil spike, reflecting investor concerns over inflation and geopolitical instability. Federal Reserve Governor Waller downplayed long-term inflation risks, stating the Iran conflict is "unlikely to cause sustained inflation," despite short-term price pressures. Former President Trump is evaluating policy options to mitigate oil price spikes, including potential strategic reserve releases or diplomatic interventions. OpenAI and Oracle halted expansion of a major Texas AI data center, citing economic uncertainty tied to energy costs and geopolitical tensions.

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Mar 7th, 2026This Weekend | Oil Surges Above $90 Amid Iran ConflictMichael McKee, Bloomberg News Economics Editor, discusses the recent market volatility as all three major US stock indexes dropped about 1% amid a sharp rise in oil and gas prices. He speaks with Bloomberg’s David Gura and Christina Ruffini on “Bloomberg This Weekend.” Duration:2:48Iran War: Where Things Stand After Almost One WeekDuration:2:07OpenAI, Oracle Won't Expand Flagship AI Data Center in TexasDuration:1:39NEC's Hassett Calls the Feb.

Jobs Report Loss an 'Outlier'Duration:2:55BlackRock’s Rick Rieder Says US Economy Is ‘Doing Fine’Duration:2:52Goolsbee Hopeful Fed Rate Cuts Can Start by End of YearDuration:2:15Fed’s Waller Says Iran War ‘Unlikely to Cause Sustained Inflation’Duration:2:34Trump Weighs Range of Options to Counter Oil Price SpikeDaybreak: EuropeDuration:5:15Kristi Noem Out at DHS After Months of ControversyBusinessweek Daily Available on:Listen onApple TVListen onRokuListen onSamsung TVListen onFire TVListen onAndroid TVListen onRakuten TVListen onHaystack NewsWatch BTV in your area:Channel Finder

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Source: Bloomberg

Website: https://feeds.bloomberg.com/markets/news.rss

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