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Brent crude tops $107 as Iran rejects ceasefire, pushing stocks down and gold lower amid inflation fears.

Market News
26 Mar 2026
Piero Cingari
View Source
Bearish
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Brent crude oil surged above $107 per barrel after Iran rejected a U.S. ceasefire proposal, escalating tensions and driving energy prices higher. This geopolitical impasse led to a retreat in U.S. stocks, with major indices like the S&P 500 and Nasdaq falling, while gold prices dropped due to rising energy costs and inflation concerns. The market now prices in a prolonged conflict, impacting sectors differently—energy stocks rose, while technology and semiconductor shares declined amid fears of reduced demand. Investors face uncertainty as talks remain stalled and inflation worries persist.

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