Oil prices whipped from nearly $120 per barrel, their highest since 2022, back toward $90. If oil prices stay very high for very long, households’ budgets already stretched by high inflation could break under the pressure. AdvertisementTrump’s comments came after he said late Sunday that high oil prices at the moment were worth the cost. Worries about high inflation and oil prices are pushing upward on Treasury yields, and the 10-year yield briefly rose above 4.20% early Monday. Yields then slid late in the day when oil prices eased.

Source: Huffington Post March 09, 2026 14:58 UTC