Emirates Iran War

Fishing boats dot the sea as cargo ships, in the background, sail through the Arabian Gulf toward the Strait of Hormuz off the United Arab Emirates, Friday, March 27, 2026.

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Stocks recover from early losses and close with a weekly gain. US oil tops $110 a barrel

Stocks recover from early losses and close with a weekly gain. US oil tops $110 a barrel

Stocks overcame early losses to finish with slim gains and close out their first winning week since the start of the Iran war. Oil prices remained elevated, however, having soared after a national address late Wednesday from President Donald Trump, where he vowed the U.S. will continue to attack Iran and failed to offer a clear timetable for ending the conflict in the Middle East. A barrel of U.S. crude oil rose to $111.54. Tesla shares fell more than 5% after its deliveries for the first quarter fell short of estimates. Stock markets will be closed for Good Friday.