Marketplace Morning Report Oil prices and war in the Middle East
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Mar 9, 2026 Carlos Morales, a Marketplace reporter on-the-ground in Texas, describes the New World screwworm threat to cattle. Nancy Marshall-Genzer, an energy policy reporter, covers IEA talks about coordinated reserve releases. Julia Coronado, macro economist and professor, discusses oil price spikes and the pinch on consumers. The conversation jumps between market moves, policy coordination, and agricultural risk.
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Oil Spike Directly Hits Consumer Budgets
- Oil at around $100 a barrel quickly translates into materially higher pump prices and squeezes household budgets.
- Julia Coronado warns rising gasoline costs (AAA: $3.25 average, up 27¢ in a week) will bite discretionary spending and can damp growth.
Coordinated Reserve Releases On The Table
- Nations are considering coordinated releases from strategic oil reserves to increase supply and lower prices.
- Nancy Marshall-Genzer notes talks involve releasing 300–400 million barrels, about 25–30% of U.S. reserves, coordinated by the IEA.
Ranchers Remember The Screwworm Smell
- Ranchers recall the screwworm era as obvious and horrifying: infected animals smell and larvae dig into living flesh.
- Carlos Morales reports Texas ranchers and USDA are prepping sterile-fly programs and new facilities to combat the parasite.