By Sam Goldfarb
Markets are relatively calm Sunday evening, with oil and stock futures bouncing between small gains and losses.
U.S. crude futures opened higher but were recently down 0.9% at $97.34 a barrel, while Brent, the global gauge, lost 0.2% to around $112 a barrel. Futures tied to the Dow Jones Industrial Average were recently up less than 0.1% and those tied to the S&P 500 were down less than 0.1%
Major U.S. stock indexes have slid for four consecutive weeks, with investors worrying that higher energy prices spurred by the Iran war will drive up inflation and drag on global economic growth.
President Trump said after markets closed on Friday that the U.S. was considering "winding down" its Iran operations. However, he later threatened to "obliterate" Iranian power plants unless Iran doesn't reopen the Strait of Hormuz, prompting a defiant response from Iran's military.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
March 22, 2026 18:42 ET (22:42 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments