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Jones Act

Futures-options traders work on the floor at the New York Stock Exchange's NYSE American (AMEX) in New York City, U.S., March 9, 2026. REUTERS/Brendan McDermid
Mar 12, 2026

Wall St ends sharply lower as intensifying Iran war, soaring crude prompt selloff

U.S. stocks dropped sharply amid escalating Iran conflict and crude oil prices nearing $100 per barrel, raising inflation fears and market selloff.

FILE PHOTO: Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. REUTERS/Stringer/File Photo
Mar 12, 2026

Oil unlikely to hit $200 a barrel, US energy chief says

U.S. Energy Secretary Chris Wright says oil prices are unlikely to reach $200 a barrel despite disruptions in the Strait of Hormuz caused by the Iran conflict.

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