Returning to business as usual in the global oil market might now take months — not weeks — to achieve, according to TS Lombard.
DXY holds firm as Fed signals higher-for-longer rates, with rising yields and hot PPI reinforcing dollar strength while equities struggle under pressure.
Saudi Aramco and other producers in the region evacuated staff amid Iranian strikes.
The US central bank has raised its forecast for inflation as the Iran war-linked surge in global energy prices threatens self-inflicted damage on the world's largest economy.

What The Iran Conflict Means For Oil Markets

02:40pm, Wednesday, 18'th Mar 2026
Global energy markets react quickly to geopolitical risk, and the current conflict involving Iran is a reminder of just how interconnected energy supply and global stability really are.
US stock market falls as S&P 500 drops on hot PPI data and rising oil prices, while traders await Fed decision and Powell's outlook on inflation and rates.
Vice President JD Vance and Energy Secretary Chris Wright will meet Thursday with the oil industry. The White House will announce more actions to address fuel prices, Vance said.

French Finance Minister on predicting oil prices

01:00pm, Wednesday, 18'th Mar 2026
French Finance Minister Roland Lescure speaks to CNBC's Charlotte Reed about the challenge of predicting oil prices
President Donald Trump issued a 60-day waiver of a longstanding U.S. shipping law in an attempt to stabilize oil markets amid the Iran war, the White House confirmed to CNBC on Wednesday.
Mining company shares were under pressure on Wednesday afternoon as precious and industrial metals prices fell, seemingly in connection with the conflict in the Middle East.  On the FTSE 100, precio
Crude oil markets continue to see a bit of volatility, moving on the latest headlines coming out of the Middle East and the war in general.
It's "Fed Day," and while a rate change seems unlikely, the conversation is heating up around major economic dynamics. Yahoo Finance's Julie Hyman and Myles Udland break down the long-awaited Fed meet
President Donald Trump on Wednesday took the much-anticipated step of waiving a 1920 law known as the Jones Act in an effort to combat soaring prices for crude oil and other key commodities.
"The big action is going to be in the summary of economic projections and, of course, the press conference," says Joe Brusuelas on Wednesday's interest rate decision from the FOMC. He's leaning toward
Jeff Currie, chief strategy officer at Carlyle Energy Pathways, examines the disconnect between the paper and physical oil markets and the “bumpy ride” he expects as the market begins rebalancing
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