American Automobile Association

Company

Last mentioned: Mar 9, 2026

Timeline

  1. Consumer Impact

    AAA reports national gas prices hit $3.41/gal as Goldman Sachs warns of $100/bbl oil.

  2. Record Gains

    U.S. crude records its largest weekly gain since 1983, settling near $91/bbl.

  3. Hormuz Shutdown

    Tehran targets shipping in the Strait of Hormuz, effectively closing the passage for 20% of global supply.

  4. Conflict Begins

    U.S.-Israeli operations against Iran commence, triggering immediate oil price volatility.

Stories mentioning American Automobile Association 1

Markets Bearish

Iran-Israel Conflict Triggers Energy Crisis as Oil Prices Surge 25%

The escalating conflict between a U.S.-Israeli coalition and Iran has disrupted one-fifth of global energy supplies, driving crude oil to its largest weekly gain since 1983. With the Strait of Hormuz effectively closed, analysts warn of a prolonged inflationary shock that could push oil prices above $100 per barrel.

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