Just over a week into the U.S.-Israeli war on Iran, Wall Street has started to price in a prolonged conflict, as hopes for a swift endgame have been crushed. With no signs of de-escalation, both sides are instead upping the ante, expanding targets to critical infrastructure and risking greater retaliation in the process. U.S. oil futures shot up 17.2% to $106.57 a barrel, and Brent crude gained 15.2% to $106.81. Over the weekend, President Donald Trump downplayed the possibility of releasing oil from the Strategic Petroleum Reserve to ease price pressure. “Short term oil prices, which will dro
Just over a week into the U.S.-Israeli war on Iran, Wall Street has started to price in a prolonged conflict, as hopes for a swift endgame have been crushed. With no signs of de-escalation, both sides are instead upping the ante, expanding targets to critical infrastructure and risking greater retaliation in the process. U.S. oil futures shot up 17.2% to $106.57 a barrel, and Brent crude gained 15.2% to $106.81. Over the weekend, President Donald Trump downplayed the possibility of releasing oil from the Strategic Petroleum Reserve to ease price pressure. “Short term oil prices, which will dro