Markets drop as gas prices, mortgage rates rise

Markets are on a four week losing streak and getting very close to a correction, which would be a ten percent drop from recent highs. The war with Iran is driving oil and gas prices up - the economic turmoil also sending mortgage rates, which had been declining recently, higher. NBC News’ Christine Romans reports.

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SearchSearchFacebookTwitterEmailSMSBlue SkyWhatsappPrintRedditFlipboardPinterestLinkedinLatest StoriesPoliticsU.S. NewsWorldSportsShoppingTiplineCultureScienceHealthBusinessMarkets drop as gas prices, mortgage rates riseMarch 20, 202600:53Now PlayingMarkets drop as gas prices, mortgage rates rise00:53UP NEXTCost of war in Iran hits America’s heartland02:31Strike hits Jerusalem’s Old City02:01Trump weighs deploying ground troops01:45Action hero Chuck Norris dies at 8602:01Thousands ordered to evacuate as dam nears failure on Oahu01:50Urgent manhunt underway to find suspect who killed Chicago college student01:29Lines at TSA checkpoints grow longer amid spring break travel rush01:57U.S. speeding up Marine deployment to Mideast01:48Emotional moment high school senior wins hockey state championship after unthinkable tragedy01:31Some DHS contractors say they were asked to pay Trump ally Corey Lewandowski01:16Trump says he’s not sending ground troops to Iran02:05Missing American student found dead in Spain01:31Long airport security lines worsening, as TSA officers continue working without pay01:57Oil prices surge after attacks on energy sites02:53Second graders offer heartwarming marriage advice to their teacher 01:27One dead after gondola crash at Swiss ski resort01:16U.S. college student goes missing in Spain01:27Potentially record-setting heat wave scorches western United States01:46Women allege labor rights icon Cesar Chavez sexually assaulted them02:09Nightly NewsMarkets drop as gas prices, mortgage rates rise00:53CopiedMarkets are on a four week losing streak and getting very close to a correction, which would be a ten percent drop from recent highs. The war with Iran is driving oil and gas prices up - the economic turmoil also sending mortgage rates, which had been declining recently, higher. NBC News’ Christine Romans reports.March 20, 2026

onNow PlayingMarkets drop as gas prices, mortgage rates rise00:53UP NEXTCost of war in Iran hits America’s heartland02:31Strike hits Jerusalem’s Old City02:01Trump weighs deploying ground troops01:45Action hero Chuck Norris dies at 8602:01Thousands ordered to evacuate as dam nears failure on Oahu01:50Get more newsLiveonBest of NBC News