By Liz Moyer
Investors were bracing for futures to start trading later today, with the price of crude oil expected to jump in reaction to the outbreak of conflict in Iran this weekend.
Crude was already rising this year. Brent crude, the international standard, ended last week just under $73 a barrel, up 19% so far this year and up 23% from its 52-week low in December, according to Dow Jones Market Data.
West Texas Intermediate, the U.S. benchmark, ended last week at about $67 a barrel, up 16% this year and 21% from the 52-week low.
Global stock markets, and U.S. equities, are also expected to react to the U.S.-Israeli strikes on Iran, which resulted in the death of that country's leader the Ayatollah Ali Khamenei.
Stocks ended last week on a down note. The Dow Jones Industrial Average fell 522 points, or 1.1%, on Friday. The index rallied off its lows of the day, down more than 800 points, to close up slightly in February.
The S&P 500 fell 0.5%, while the Nasdaq Composite dropped 0.9%. Both indexes fell on the month.
Write to Liz Moyer at liz.moyer@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
March 01, 2026 10:12 ET (15:12 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments