📈 Stocks & Economy🌐 Global
US-Iran Fighting Sends Oil Prices Surging — and Markets on Edge
MarketWatch·Monday, 20 July 2026
Oil prices jumped sharply on Sunday as fighting between the US and Iran intensified in the Middle East. US stock futures were largely flat despite the escalation. Investors are also bracing for major tech earnings this week.
Why It Matters
Higher oil prices hit everyone — they push up fuel costs, inflation, and the price of almost everything that gets transported. For a country like India that imports most of its oil, this is a direct hit to household budgets and government finances.
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