> Vanguard says more Americans are draining their 401(k)s early

March 9, 2026 

Another Monday, another decline. U.S. oil prices topped $111 after futures began trading yesterday, sending global stock markets plummeting. Today, on news that G-7 countries might weigh a release of their strategic petroleum reserves, oil has paled back. That hasn't been enough to save U.S. markets today, though. The Nasdaq remains almost flat on the day, while other indexes like the S&P 500, Russell 2000, and Dow are off closer to half a percentage point.

> Live Blog: Iran incursion continues, tanking global markets

Oil prices opened up double-digits to start the week as the Iran conflict continued without a clear offramp, at one point, even flirting with $120/bbl before a modest pullback.

However, short of a complete cessation of the conflict in the Middle East, there could be even more pep in oil's step. As countries shut down production and investment banks like Goldman Sachs warn on higher oil prices, there is a real risk that a "48 hour operation" turns into a year-long inflation disaster.

We've touched on this might affect energy and food prices, even if a solution comes soon, but it also stands to ensnare another facet of Americans' lives: their spring and summer travel plans.

Read on TheStreet: Rising jet fuel costs mean higher airfare prices: Here's how to save your summer travel plans

> TheStreet Pro: Time to Short Big Oil? It's Not as Crazy as You Might Think

> Serious Investors Reset in the Spring: Join TheStreet Pro today for $299 (50% off) and get real-time trade alerts, defined entry and exit levels, and disciplined market insight.

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