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War Premium Returns: $100 Oil Forces Stock Markets to Finally Take the US-Iran Conflict Seriously
CNBCยทSunday, 26 July 2026

Global equity markets had largely shrugged off the escalating US-Iran war, but that changed when oil prices crossed $100 per barrel, triggering a sharp selloff in stocks on Thursday. Investors and analysts say the $100 level is a psychological threshold that is too hard to ignore. Equities that had stayed flat through earlier stages of the conflict tumbled as energy costs became impossible to dismiss.
Why It Matters
Oil at $100 per barrel affects everything from transport costs to food prices globally, and any sustained global slowdown caused by energy inflation will hit trade and investment flows worldwide.
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