I'm Taylor Riggs and this is the Fox Business Rundown.

Monday, March 2nd, 2026.

Oil markets are on edge today as Operation Epic Fury continues and conflict in the Middle East escalates.

Could we see $100 a barrel oil prices again?

They could shut the straight down, and that would be significant. But that perks them too,

because what funds their operations? Their oil being sold to China on the black market.

And I think China's a really big piece of this oil story.

Oil prices are surging following this weekend's U.S. and Israeli strikes on Iran.

Fears mount that the conflict could drag on four weeks.

Compounding that concern are reports that Iran is moving to restrict passage in the Strait of Hormuz,

the world's most critical oil export

route. A prolonged blockade and the potential targeting of oil facilities could create a severe

global supply crunch. The destabilization of the region is also impacting other industries,

including travel and banking.

Meanwhile, gold and the dollar sought a balance as investors moved to safety, fearing the military

operation could be prolonged. So while there are jitters today, what can we expect in the coming

days, weeks and months when it comes to the price of oil,

the markets, and the cost of filling up your car?

Jackie DeAngelis is the co-host of The Big Money Show on the Fox Business Network.

Jackie's always so great to have you.

Thank you. Okay.

You know, we could do the stock market.

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