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1 revisions for "The $100 Barrel: How the Iran War Triggered the Biggest Oil Shock in a Generation — and Wall Street's Wild Ride Back"

Anonymous25 days ago

Crude oil briefly smashed through $100 per barrel on March 9, 2026 — the first time since Russia's 2022 invasion of Ukraine — as the U.S.-Israeli war on Iran effectively shut down the Strait of Hormuz, choking off 20% of global oil supply. Markets staged a dramatic intraday reversal after President Trump suggested the conflict could end soon, with the Dow swinging nearly 1,100 points from its session low and WTI crude plunging as much as 17% from its peak above $100 to under $84.