Chevron Corporation

Exxon Mobil Corporation

Occidental Petroleum Corporation

Shell plc

The Iranian crisis is worse than the two oil crises of the 1970s combined, argues IEA head Fatih Birol

Goldman Sachs has raised its oil forecast. The worst-case scenario allows prices to soar to $135

Nebius Group N.V.

Meta Platforms, Inc.

Micron Technology, Inc.

Escalation in the Middle East has triggered a spike in oil and gas prices and heightened the risks of a prolonged energy shock. Regulators and governments are looking for ways to contain prices, from easing sanctions on Iranian oil to temporarily repealing the Jones Act in the US. Meanwhile, hotels in Dubai are cutting prices - occupancy in the emirate has fallen from 90% to 16% due to the shelling. Against this backdrop, central banks are keeping rates on hold, but signaling rising inflation risks and high uncertainty. The main events from March 16 to 20 - in our review.

Highlights of the week: energy prices spike, Fed pause, Dubai hotels cut prices

NVIDIA Corporation

Tesla, Inc.

Trump rejected the likelihood of a cease-fire, and was vague about a plan to seize Iran's most important oil hub

Dow and Nasdaq close to correction, S&amp;P 500 at six-month low: results of 21 days of war

Iran refuses to discuss resumption of shipping in the Strait of Hormuz

Brent exceeded $113: US stocks accelerated decline, Nasdaq down more than 2%

The war with Iran has caused an oil supply disruption that has already exceeded similar disruptions during the crises of the 1970s; it will take at least six months to restore oil and gas supplies from the Persian Gulf, Fatih Birol, head of the International Energy Agency (IEA), <a href="https://www.ft.com/content/09524a74-db3c-4aef-b4f7-51eda3068320?syn-25a6b1a6=1">told</a> the Financial Times.

Middle East oil supply disruption surpasses losses from 1970s crises - IEA

The U.S. presidential administration is considering a forceful scenario of deblocking the Strait of Hormuz - for this purpose the U.S. may occupy the Iranian island of Kharq, writes Axios

Oil rose to $110. Goldman Sachs warned: it may be expensive throughout 2027

U.S. Treasury Secretary Scott Bessent said the U.S. may ease sanctions on Iranian oil already at sea in the coming days to ease pressure from rising energy prices caused by the war in the Middle East. He <a href="https://www.foxbusiness.com/economy/bessent-rules-out-government-intervention-oil-futures-market-during-iran-war">said</a> this in an interview with Fox Business television channel.

The U.S. allowed the easing of sanctions against Iranian oil. Brent fell to $109

Saudi Arabian Oil Company

On March 19, futures for the benchmark Mark Brent crude oil <a href="https://www.cnbc.com/quotes/@LCO.1">rose by</a> more than 10%, exceeding the $119 per barrel mark in the course of trading. Then the growth slowed down a bit, at the time of publication of this text Brent was trading above $116 per barrel.

Oil price jumps 10% after Saudi Aramco refinery and Qatar LNG plant hit

Only two scenarios - and both are unlikely, according to Rapidan Energy President Bob McNally - can curb price increases

More expensive than in 2008: ex-White House adviser predicts oil price spike

Three major U.S. indexes declined on Wednesday, March 18, after oil rose in price due to Iran's new threats to the oil infrastructure of neighboring countries. The cost of Brent jumped 6% in trading and approached $110. The U.S. Federal Reserve kept its key rate at the current level and said that "the implications of events in the Middle East for the economy remain uncertain" and the sustainability of inflation could prevent rate cuts.

Dow at its lowest since November, Brent close to $110, Fed warning: results of the 19th day of war

Oil shocks have preceded nearly every economic downturn in the world's largest economy over the past 80 years

'Counting on weeks': Moody's warned of imminent US recession with expensive oil

SK hynix Inc.

Samsung Electronics Co., Ltd.

Alibaba Group Holding Limited

Brent crude oil prices jumped 3.8% amid continued uncertainty surrounding the US-led coalition to secure shipping in the Strait of Hormuz. Asia-Pacific markets rose on Tuesday, March 17, thanks in part to momentum from new Nvidia forecasts and partnerships. OpenAI is preparing a U-turn on code and business products. These and other topics are in our roundup of key events for the morning of March 17.