Read this market recap—for free: The past week was dominated by escalating conflict involving Iran, which drove a sharp surge in oil prices, renewed inflation concerns, and rising volatility across global financial markets.

Weekly Market Recap—Read for Free

  • Escalating geopolitical tensions in the Middle East pushed oil prices sharply higher, increasing concerns that energy-driven inflation could reaccelerate in the coming months.
  • Economic data showed signs of softening momentum as non-farm payrolls contracted, raising questions about how higher energy costs may impact growth and consumer spending.
  • Despite volatility, the broader market remains only modestly below its January peak, suggesting investors still see a fundamentally solid U.S. economy with recession risks limited in 2026.
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Investors in 'Risk-Off' Mode But Not Extremely Fearful

Chart

Source: CNN Fear and Greed Index, as of 1:00 pm, March 6, 2026

 

Inflation Fears Rise With Oil, Stocks Resilient

Escalating geopolitical tensions dominated market developments this week as the conflict involving Iran intensified, raising concerns about global energy supplies and inflation. Oil prices surged sharply amid disruptions to shipping and refinery operations across the Middle East, with crude jumping nearly 30% this week alone as markets priced in supply risks tied to the Strait of Hormuz, a critical route for roughly one-fifth of global oil shipments.

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