Industry News and Headlines

Oil Surged Past $100 Before Coming Back to Earth. Wall Street Is Bracing for What Comes Next.

Oil prices surged past the $100‑a‑barrel benchmark over the weekend as tensions escalated in Iran, prompting panic across markets. G7 nations quickly pledged to tap strategic reserves and President Trump’s reassurance helped pull prices back, allowing major indexes to close in the green. Analysts such as Ed Yardeni warned that the episode could raise the probability of a broader stock market correction and even spark stagflation concerns. Economists from Pantheon and Daniel Yergin argue the inflationary impact may be limited unless the Strait of Hormuz remains disrupted.