Miner Company
S&P 500 Falls As Oil Prices Spike
The S&P 500 dropped another 1.6% during the second trading week of March 2026, closing at 6,632.19 on Friday, 13 March 2026. Stock prices continued falling during this week as oil prices surged over $100 per barrel because of the Islamic Republic of Iran's efforts to close the Hormuz Strait in response to U.S. and Israeli military action against its government.
The S&P 500 dropped another 1.6% during the second trading week of March 2026, closing at 6,632.19 on Friday, 13 March 2026. Stock prices continued falling during this week as oil prices surged over $100 per barrel because of the Islamic Republic of Iran's efforts to close the Hormuz Strait in response to U.S. and Israeli military action against its government.