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Hey, listeners.
It's Saturday, March 14th.
I'm Xavier Martinez for The Wall Street Journal, and this is What's News in Markets,
our look at the biggest stock moves of the week and the news that drove them.
Let's get into it.
This week, the oil markets largely determined where stocks went, and the direction kept changing.
Oil hit $100 a barrel Sunday night for the first time in nearly four years.
But it fell sharply after President Trump suggested that the war with Iran may be close to an end.
That, in turn, lifted major indexes, which started the week on the upswing.
But that optimism didn't last.
Iran escalated its attacks on the Strait of Hormuz,