NASDAQ:PHOE 31 January 2026 - 1 February 2026

March 14, 2026, 2:07 PM EDT. The Iran conflict triggered an oil price spike, with Brent crude surpassing $100 for the first time since 2022, pressuring the S&P 500 into its first three-week losing streak in about a year. The S&P 500 fell 1.6% last week as nine of 11 sectors declined, though energy and utilities marked gains. Market adviser Jim Cramer cautioned against full stock market exits amid ongoing Middle East tensions, highlighting the risk of missing subsequent rebounds. The team added to staples like Procter & Gamble and Alphabet as the S&P Short Range Oscillator indicated oversold conditions. Meanwhile, rising oil clouds inflation outlook, reigniting stagflation fears reminiscent of the 1970s, dampening hopes for Fed rate cuts in the near term.