Oil still rules the stock market — plus, a possible Iran-linked cyberattack
By Jeff Marks
Published on March 11, 2026.
The CNBC Investing Club with Jim Cramer has updated the stock market with an update on the status of the Iran war and the ability for oil tankers to pass through the Strait of Hormuz. Stocks were lower on Wednesday as U.S. oil prices rose by over 5% and traded back in the high-$80s, but the S & P 500 moved in a much tighter range. The club also bought more Procter & Gamble after a recent dip in the stock. Early reports suggest that a cyber attack may have already occurred, which highlights the importance of cybersecurity spending. No significant earnings are expected after the closing bell, and housing starts and building permits are also anticipated.
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