The Fox News Rundown Business Rundown: Oil, Iran & How Strikes Will Impact Prices at the Pump
Mar 2, 2026
Jackie DeAngelis, Fox Business Network co-host and markets and energy commentator, breaks down soaring oil prices after US and Israeli strikes on Iran. She assesses risks to the Strait of Hormuz and potential supply disruptions. Jackie outlines how short versus prolonged conflict could shape pump prices, market reactions, and broader industry fallout.
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Strikes on Iran Trigger Immediate Oil Market Jitters
- Oil prices jumped after U.S. and Israeli strikes on Iran as markets fear a prolonged conflict.
- Reports that Iran may restrict passage through the Strait of Hormuz raised concerns about a potential severe global supply crunch.
An Iranian American's View On Targeted Strikes
- Jackie DeAngelis shared her personal perspective as an Iranian-American observing historic events and U.S. strikes.
- She described pride that the intelligence was precise and that actions support Iranian protesters and nuclear non-proliferation goals.
Strait Of Hormuz Disruption Would Hurt Iran Too
- The Strait of Hormuz handles about 20% of global oil supply, so disruptions there would be highly significant.
- Jackie DeAngelis warned that shutting the strait would hurt Iran as well because their oil revenues (largely sold to China) fund operations.