Energy prices soar as stock and bond markets consider long Middle East war

Energy prices soar as stock and bond markets consider long Middle East war Submitted by Sean Mathews on Tue, 03/03/2026 - 16:58 Iraq and Qatar are shutting down oil and gas production with Strait of Hormuz closed, sparking concerns about inflation Tankers are seen at the Khor Fakkan container terminal in the UAE's Sharjah, along the Strait of Hormuz, a waterway through which one-fifth of global oil output passes, on 23 June 2025 (Giuseppe Cacace/AFP) Off The US stock market plunged, bonds sold off, and energy prices continued to soar on Tuesday, in a sign that markets are increasingly alarmed by the escalating war on Iran after an earlier muted reaction. The S&P 500 was down 2. 25 percent, and the tech-heavy Nasdaq Composite dropped 2.