Oil hits $90 per barrel, stocks continue to drop as escalating Iran war shocks markets [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
Oil prices continued soaring Friday, putting them on track to record their biggest jump since early 2020 as the escalating Iran war threatens global energy supplies. U.S. crude oil spiked more than 9% in early trading to more than $91 per barrel, its highest price since October 2023. Brent, the international oil benchmark, broke $90 per barrel as it jumped more than 6% to its highest level since April 2024. The move in prices came amid growing fears that the Iran war could lead to long-term energy supply issues. A report from The Wall Street Journal said that Kuwait had "begun cutting production at some oil fields after running out of room to store its bottled-up crude." NBC News was not immediately able to verify the report, but industry analysts have been warning of the possibility in recent days. Shortly after that report, President Donald Trump took to Truth Social , posting that "There will be no deal with Iran except UNCONDITIONAL SURRENDER!" Stocks also sharply dropp
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JPM
Earnings
- 1/13/26 - Miss
JPM
Sec Filings
- 3/6/26 - Form 424B2
- 3/6/26 - Form 424B2
- 3/6/26 - Form FWP
- JPM's page on the SEC website