Cruise Stocks Continue to Fall as Oil Prices Jump

Dow Jones03-09

By Connor Hart

Cruise stocks continued their multi-day losing streaks as fighting in the Middle East pushed oil prices above $100 a barrel.

Carnival sank 3.6% in premarket trading Monday. Royal Caribbean slipped 3.2%, while Norwegian Cruise Line was off 3.1%.

The conflict in the Middle East has largely shuttered traffic through the Strait of Hormuz and has led some Gulf oil producers to cut production as their facilities come under attack. That has pushed oil prices up to their highest point since 2022, raising fears about a painful economic fallout from the war.

Fuel poses a large cost for cruise lines, meaning the runup in prices is expected to dent profit.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

March 09, 2026 07:39 ET (11:39 GMT)

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