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Volatility Heightens: Oil Spikes, Stock Futures Fall After U.S. & Israel Bomb Iran

8 min2 mars 2026

Strikes from U.S. and Israel killed Iran's Supreme Leader and other top members of its leadership. Stock futures fell while crude oil spiked 8% higher. Kevin Green analyzes the conflict's impact on the global energy supply as Iran moves to look to close the Strait of Hormuz and other Gulf countries that will cut energy production and shipping. Airline stocks are also falling while defense stocks move higher.


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