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Bloomberg MarketsAfrica Faces Fertilizer Supply ShockBloomberg MarketsUS Stocks Futures Hold Steady as Oil Rises With Conflict UneaseFinancial TimesTrump’s Armageddon-Taco shuffleBloomberg MarketsGoldman Sees Oil Risks Skewed to Tightness, ‘Higher Higher’ PricesBloomberg MarketsTurkey Mulls Tapping $135 Billion Gold Reserves for Lira DefenseBloomberg MarketsGulf Energy Industry Will Take Years to Recover From Iran WarBloomberg MarketsPhilippines' Marcos on China Relations, Iran War, EconomyBloomberg MarketsIran War: Kuwait, Bahrain Hit by Iran Strikes As Optimism Fades | The Opening Trade 3/24/2026Bloomberg MarketsMemory Is Wall Street’s Favorite Tech Trade as Mag 7 DisappointsBloomberg MarketsAngola to Buy Back $1.75 Billion of Bonds, Plans Eurobond SaleBloomberg MarketsStay Disciplined With Technicals Amid Volatility, Says Newedge’s DawsonBloomberg MarketsRussia Curbs Some Nitrogen Fertilizer Exports as War Hits SupplyBloomberg MarketsInvestors Doubt Trump’s Ability to Jawbone Markets to More GainsBloomberg MarketsLondonMetric and Schroder REIT Venture Eyes Landlord PictonBloomberg MarketsWar Knocks Global Economy With Dual Shock to Growth and PricesBloomberg MarketsAfrica Faces Fertilizer Supply ShockBloomberg MarketsUS Stocks Futures Hold Steady as Oil Rises With Conflict UneaseFinancial TimesTrump’s Armageddon-Taco shuffleBloomberg MarketsGoldman Sees Oil Risks Skewed to Tightness, ‘Higher Higher’ PricesBloomberg MarketsTurkey Mulls Tapping $135 Billion Gold Reserves for Lira DefenseBloomberg MarketsGulf Energy Industry Will Take Years to Recover From Iran WarBloomberg MarketsPhilippines' Marcos on China Relations, Iran War, EconomyBloomberg MarketsIran War: Kuwait, Bahrain Hit by Iran Strikes As Optimism Fades | The Opening Trade 3/24/2026Bloomberg MarketsMemory Is Wall Street’s Favorite Tech Trade as Mag 7 DisappointsBloomberg MarketsAngola to Buy Back $1.75 Billion of Bonds, Plans Eurobond SaleBloomberg MarketsStay Disciplined With Technicals Amid Volatility, Says Newedge’s DawsonBloomberg MarketsRussia Curbs Some Nitrogen Fertilizer Exports as War Hits SupplyBloomberg MarketsInvestors Doubt Trump’s Ability to Jawbone Markets to More GainsBloomberg MarketsLondonMetric and Schroder REIT Venture Eyes Landlord PictonBloomberg MarketsWar Knocks Global Economy With Dual Shock to Growth and Prices
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MarketWatch Top Storiesmarkets

Oil rises as Saudi Arabia and UAE reportedly weigh joining Iran war

MarketWatch Top Stories
Tuesday, March 24, 2026 at 10:23 AM
~4 min read
InflationEnergy

Original Report

Energy prices are once again moving higher after a big decline on Monday.

Glass House Analysis

Inflation is the silent tax that erodes purchasing power, hitting hardest those who can least afford it. When grocery bills rise faster than wages, families face impossible choices between food, medicine, and rent. Unlike market volatility that mainly affects investors, inflation touches everyone who buys groceries, fills a gas tank, or pays rent.

Energy prices affect virtually every aspect of daily life—from commuting costs to heating bills to the price of groceries (which must be transported). For working families, energy represents one of the most volatile and impactful line items in their budgets. Energy policy decisions ripple through the economy, affecting everything from manufacturing competitiveness to household financial stress.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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Economic Context

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