Episode

Oil markets scramble after new strikes in the Middle East

Podcast: Marketplace Morning Report
Published: Jun 8, 2026
Duration seconds: 392
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Canonical source: https://www.marketplace.org/episode/2026/06/08/oil-markets-scramble-after-new-strikes-in-the-middle-east
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Summary

Oil prices are still heading up this morning, but a bit more slowly after tensions in the Middle East appear to be easing. Earlier today, Israel and Iran attacked each other for the first time since the ceasefire in April. What’s behind these rising oil prices, and why are traders bidding up crude? Also in the show: a preview of May inflation data and encouragement to work from home in World Cup host cities.