21-March-2026
Economy News
 
Iran War Escalation Wakes Markets up to Risks of Deeper Economic Pain
20-Mar-2026

Investors reassessing the potential for deeper economic pain from the war in Iran are selling assets across the globe, from government bonds to stocks and gold, reigniting fears that markets may become vulnerable to a bigger dislocation. Oil prices jumped to as high as $119 a barrel on Thursday as Iran attacked energy facilities across the Middle East following Israel's strike on its South Pars gas field in the biggest escalation of the conflict yet. Oil prices dropped in the New York afternoon, leaving Brent around $108, following comments by Israeli Prime Minister Benjamin Netanyahu and a U.S. move to allow the sale of some Russian oil.

News Source:- https://money.usnews.com/investing/news/articles/2026-03-19/iran-war-escalation-wakes-markets-up-to-risks-of-deeper-economic-pain