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Gas prices moved higher Friday as the conflict with Iran continued to roil global energy markets, pushing crude oil sharply upward and raising concerns about fuel supplies.

The national average price for regular gasoline rose to $3.32 per gallon on Friday, up from $3.25 on Thursday and $2.98 a week ago, according to AAA. Analysts say the increase reflects a surge in crude oil prices as geopolitical tensions intensify in the Middle East.

U.S. crude settled at $90.90 per barrel on Friday, a 12.2% jump on the day.

“Gasoline prices have been following crude prices higher as the closure of the Strait of Hormuz impacts supplies,” Andy Lipow, president of Lipow Oil Associates, told FOX Business in an email.

BURGUM SAYS US-VENEZUELA TIES MOVING AT ‘TRUMP SPEED,’ WILL HELP KEEP ENERGY COSTS DOWN FOR AMERICANS

A gas station attendant pumps diesel into a car at a filling station (Sean Gallup/Getty Images / Getty Images)

Oil markets have been on edge since the U.S. and Israel launched strikes on Iran last Saturday. Iran has since moved to block tanker traffic in the Strait of Hormuz — a critical shipping lane that handles roughly 20% of global oil flows, according to Reuters.

Lipow said the disruption has prevented tankers from loading in Iraq, Kuwait and Saudi Arabia, forcing some production shut-ins. 

Missile strikes have also hampered refinery operations in Israel, Bahrain and Saudi Arabia, tightening global gasoline and diesel supplies. Additional pressure is coming from China, which is limiting exports of refined petroleum products, according to Lipow.

“All this is leading to higher gasoline prices and the national average is likely to hit $3.50 per gallon [very] soon,” Lipow said.

CHEVRON WARNS NEWSOM’S ‘ADVERSARIAL’ ENERGY AGENDA WILL CRIPPLE CALIFORNIA ECONOMY, SEND GAS PRICES SOARING

Cars are pictured driving on the highway. (Jonas Walzberg/picture alliance via Getty Images / Getty Images)

FOX Business contributor Phil Flynn said futures markets suggest pump prices could continue rising in the near term, depending on how events unfold.

“We’re going to probably see some increases right now,” Flynn told FOX Business. “That may slow if we get good news out of Iran.”

Flynn noted that while prices have climbed quickly, the spike has not yet reached the levels seen during past geopolitical crises.

“I’m hopeful that we see the peak of gasoline next week,” Flynn said. “The reason why I say that is I have a lot of confidence in the US military and Israel, and I really think Iran is on its last legs right now.”

MAJOR TECH COMPANIES BACK TRUMP PLEDGE TO PAY MORE FOR DATA CENTER ELECTRICITY AHEAD OF SIGNING

A navy vessel is seen sailing in the Strait of Hormuz, a vital waterway through which much of the world’s oil and gas passes on March 1, 2026.  (Sahar AL ATTAR / AFP via Getty Images / Getty Images)

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President Donald Trump told Reuters on Thursday he was not concerned about the rise in prices.

“I don’t have any concern about it,” Trump told Reuters. “They’ll drop very rapidly when this is over, and if they rise, they rise, but this is far more important than having gasoline prices go up a little bit.”

Apple unveiled the MacBook Neo on March 4, 2026, its most affordable laptop ever at a starting price of $599, drawing widespread acclaim in early hands-on reviews for delivering premium aluminum construction, a vibrant Liquid Retina display and solid everyday performance powered by the A18 Pro chip — all while undercutting competitors in the sub-$600 category.

The 13-inch MacBook Neo, available for pre-order immediately and shipping March 11, targets students, first-time Mac buyers and budget-conscious users who want the Mac experience without the $1,099+ price tag of the refreshed M5 MacBook Air. Education pricing drops it to $499, positioning it aggressively against Chromebooks and entry-level Windows laptops.

Apple’s press release highlighted the Neo’s durable aluminum enclosure in four eye-catching colors — blush, indigo, silver and a new citrus — alongside a 13-inch Liquid Retina display with 2,408×1,506 resolution, 500 nits brightness and support for 1 billion colors. It supports up to 16 hours of battery life, a 1080p FaceTime HD camera with dual mics, side-firing speakers with Spatial Audio, the Magic Keyboard and a large Multi-Touch trackpad running macOS Tahoe with full Apple Intelligence features.

The core innovation lies in the processor: the A18 Pro, borrowed from the 2024 iPhone 16 Pro lineup, features a six-core CPU (two performance cores, four efficiency cores) and five-core GPU. Apple claims it’s up to 50% faster for everyday tasks like web browsing and up to 3x faster for on-device AI workloads — such as photo effects — compared to the bestselling PC with the latest Intel Core Ultra 5.

Hands-on impressions from outlets like CNET, PCMag, Ars Technica and Daring Fireball emphasized the Neo’s surprising quality for the price. Reviewers described it as feeling “every bit like a MacBook” with solid aluminum build, a comfortable (though non-backlit) keyboard using the same mechanism as recent models, a responsive trackpad and surprisingly good side-firing speakers. The display earned praise for crispness and outdoor usability at 500 nits, matching the MacBook Air.

CNET called it a “premium laptop for $599” with “just the right feature mix,” noting its nearly Air-like thinness and fun color options that make it stand out. PCMag dubbed it “2026’s breakout budget laptop,” highlighting how it fills the gap left by the discontinued low-end M1 Air while offering better value than expected.

Ars Technica noted the Neo preserves Apple’s premium feel despite compromises: base model includes 8GB unified memory and 256GB storage (no Touch ID), with a $699 option adding Touch ID and 512GB. It has two USB-C ports (one USB 3, one USB 2), a 3.5mm jack and lacks True Tone or Force Touch trackpad. The A18 Pro, while capable for browsing, streaming, light editing and AI tasks, trails the M5’s 10-core CPU and up to 10-core GPU in heavier workloads.

Daring Fireball’s John Gruber called the $599 price (or $499 education) a “slam dunk,” arguing it’s vastly superior to typical budget Windows or Chromebooks. He praised the bright display, good speakers and overall polish, suggesting the Neo could dominate the sub-$1,000 segment.

Comparisons to the M5 MacBook Air (starting $1,099 with 512GB and 16GB RAM) show clear trade-offs: the Air offers superior performance for demanding tasks, Wi-Fi 7, a slightly larger 13.6-inch screen and more ports. Yet reviewers like 9to5Mac argue the Neo suits “most people” for common uses — web, email, streaming, schoolwork and light creative hobbies — especially with Apple Intelligence integration.

Critics noted potential limitations: 8GB RAM may feel constrained for multitasking or future-proofing, and the A18 Pro’s efficiency shines in battery life but lacks the M-series’ raw power for pro apps. Some questioned longevity versus higher-end models, though Apple’s ecosystem and software updates mitigate concerns.

The launch generated buzz as Apple’s boldest entry-level play in over a decade, challenging Chromebooks head-on while maintaining Mac quality. Early sentiment across forums and YouTube leaned positive, with many calling it a “reincarnation” of the classic budget Mac ethos.

As pre-orders roll in and full reviews emerge post-March 11 launch, the MacBook Neo appears poised to reshape the budget laptop landscape, offering accessible Apple silicon performance and premium design at an unprecedented price point.

McDonald’s Corp. (NYSE: MCD) shares declined modestly in trading on March 6, 2026, reaching $324.27, down $3.09 or 0.94% from the previous close, amid broader market fluctuations and profit-taking following a near-record peak earlier in the week.

The fast-food leader’s stock has traded in a 52-week range of $283.47 to $341.75, with the recent high hit around March 2, 2026. Intraday trading saw the shares range from approximately $321.35 to $326.29, with volume around 1 million shares in early sessions, below the average of over 3 million.

McDonald’s market capitalization stands near $231 billion to $233 billion, depending on intraday fluctuations, maintaining its status as a mega-cap stock with a low beta of about 0.50, indicating lower volatility compared to the broader market. The forward price-to-earnings ratio hovers in the mid-20s, while the dividend yield remains attractive at roughly 2.2% to 2.3%, supported by a forward annual dividend of $7.44.

The dip follows a strong close to 2025 and positive momentum into the new year. On February 11, 2026, McDonald’s reported fourth-quarter and full-year 2025 results that exceeded Wall Street expectations. Global comparable sales increased 5.7% in the fourth quarter, with positive traffic and performance across all geographic segments. U.S. comparable sales rose 6.8%, driven by value-oriented promotions and digital channels.

Consolidated revenues climbed 10% year-over-year to $7.01 billion, surpassing estimates of around $6.85 billion to $6.81 billion. In constant currencies, growth was 6%. Systemwide sales grew 11% (8% in constant currencies) for the quarter, pushing full-year systemwide sales above $139 billion, up 7% (5% in constant currencies) and adding nearly $9 billion in incremental growth.

Adjusted earnings per share came in at $3.12 for the quarter, beating consensus forecasts of $3.05. Net income reached $2.16 billion, or $3.03 per share, up from the prior year. Loyalty program strength was a key highlight, with sales to loyalty members surging 20% to nearly $37 billion across 70 markets. The company ended 2025 with close to 210 million 90-day active loyalty users.

CEO Chris Kempczinski emphasized the success of value strategies in a press release and earnings call. “Our focus on delivering unbeatable value has resonated with guests,” he said, crediting consistent pricing, app-exclusive deals and limited-time offers for traffic gains amid economic pressures.

For 2026, McDonald’s executives noted the year is “off to a strong start” but anticipated more moderate comparable sales growth in the first quarter compared to the fourth quarter’s robust performance. The company plans significant expansion, targeting about 2,600 new restaurant openings globally, with net additions of around 2,100. This is expected to drive roughly 2.5% systemwide sales growth, excluding currency effects.

Capital expenditures are forecasted at $3.7 billion to $3.9 billion, funding new builds, remodels, technology enhancements and supply chain improvements. Menu innovation continues, with plans to introduce new beverages later in 2026, including energy drinks, fruity refreshers and crafted sodas in the U.S. and select international markets. These draw from insights gained through the CosMc’s test and prior beverage trials.

Analysts largely maintain optimism on MCD. Consensus price targets range from about $338 to $349, with some higher calls reaching $354 (KeyCorp), $370 (Truist), $375 (Jefferies) and up to $385 (Tigress Financial). Recent adjustments include KeyCorp raising its target to $354 from $340 on March 3, 2026, while maintaining an overweight rating. Other firms like Argus upgraded to buy, citing digital investments and new launches.

The overall analyst consensus leans toward “Buy” or “Moderate Buy,” with roughly 16 to 17 buy ratings, 13 holds and a few sells. This reflects confidence in McDonald’s defensive positioning, global scale and ability to navigate consumer challenges through value and digital strategies.

Shares have gained about 7% to 8% year-to-date in 2026, building on resilience in a mixed economic environment. The franchise model generates steady royalty and rent revenue, while digital ordering, delivery partnerships and loyalty programs bolster growth. International markets, including foundational and emerging regions, provide diversification against U.S. softness.

Recent news includes McDonald’s ambitious goal to reach 50,000 restaurants by 2027, underscoring long-term expansion plans. Partnerships, such as renewed tech collaborations with Capgemini, aim to enhance digital capabilities. The company also faced lighthearted industry banter over promotional videos but remains focused on core execution.

As a bellwether for quick-service dining trends, McDonald’s continues to draw investor attention for its stability, dividend reliability and growth potential. With value initiatives proving effective and expansion on track, the stock appears poised for steady performance despite short-term pullbacks.

Asia’s stock markets declined sharply, with South Korea experiencing a 12% plunge—its worst since the pandemic—and Thailand facing its biggest sell-off. Concerns over an oil shock and escalating Iran tensions are fueling fears that these conflicts could harm the region’s economies. South Korea’s currency also hit a 17-year low amid these uncertainties.

Rising Oil Prices and Stock Market Declines in Asia

Oil prices are steadily increasing as Asian stock markets continue to decline, with South Korea experiencing a sharper plunge than during the 2008 global financial crisis. This sharp decline is largely due to the region’s heavy dependence on Middle Eastern crude oil imports, making the economies vulnerable to ongoing conflicts in the Middle East. If the war persists, South Korea’s economy could face severe deterioration, already evidenced by long queues at fuel stations.

Economic Risks and Government Responses

The international situation has caused concerns over fuel shortages and rising costs, especially as Asian countries do not produce sufficient oil domestically. The rising dollar exchange rate adds to the worry, leading to increased fuel prices and economic strain. Governments are trying to reassure their populations, with some nations stockpiling oil reserves to mitigate short-term disruptions. South Korea and Japan are actively working on diversification strategies to reduce dependency on Middle Eastern oil.

Global Implications and Future Outlook

A disruption in the supply chain, particularly if the Strait of Hummer remains closed, could significantly impact global inflation and economic growth. Alternative oil supplies will likely be more expensive due to soaring shipping costs. China has been pressing Iran to reopen key maritime routes, which could ease supply pressures. However, a prolonged conflict may deepen economic pain in Asia, underscoring uncertainties ahead as global tensions and energy prices remain volatile.

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