Trump Cancels Meetings with Iran Officials, Oil Prices Surge 3%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2026
0mins
Should l Buy CL?
Source: CNBC
- Oil Price Surge: Following Trump's cancellation of all meetings with Iranian officials, U.S. crude oil prices rose by 3.29% to $61.46 per barrel, reflecting market concerns over potential supply disruptions.
- Global Benchmark Oil Rise: Brent crude increased by 3.12% to $65.86 per barrel, indicating heightened investor attention on Middle Eastern tensions that could impact the global energy supply chain.
- Escalating Protests: Iranian security forces have cracked down on large-scale demonstrations, reportedly resulting in hundreds of deaths, while the government has cut off internet access, complicating the verification of the evolving situation and increasing market uncertainty.
- Trump's Firm Stance: Trump stated on social media that he would intervene if Iran continues to kill protesters, emphasizing U.S. concern over the Iranian situation, which could affect the stability of international oil markets.
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Analyst Views on CL
Wall Street analysts forecast CL stock price to fall
15 Analyst Rating
10 Buy
4 Hold
1 Sell
Moderate Buy
Current: 90.300
Low
77.00
Averages
87.79
High
95.00
Current: 90.300
Low
77.00
Averages
87.79
High
95.00
About CL
Colgate-Palmolive Company is a growth company. It is focused on Oral Care, Personal Care, Home Care and Pet Nutrition, it sells its products under brands, such as Colgate, Palmolive, elmex, hello, meridol, Sorriso, Tom's of Maine, EltaMD, Filorga, Irish Spring, Lady Speed Stick, PCA SKIN, Protex, Sanex, Softsoap, Speed Stick, Ajax, Axion, Fabuloso, Murphy, Soupline and Suavitel, as well as Hill's Science Diet and Hill's Prescription Diet. Its Oral, Personal and Home Care product segment is managed geographically in five segments, such as North America, Latin America, Europe, Asia Pacific and Africa/Eurasia, all of which sell primarily to a variety of traditional and e-commerce retailers, wholesalers, distributors, dentists and skin health professionals. Its Pet Nutrition products include specialty pet nutrition products manufactured and marketed by Hill's Pet Nutrition. The customers for Pet Nutrition products are authorized pet supply retailers, veterinarians and e-commerce retailers.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Growth Forecast Downgrade: Analysts at Goldman Sachs predict that the surge in oil prices due to the Iran conflict could reduce global economic growth by approximately 0.3%, exerting pressure on economic recovery across nations.
- Inflationary Pressure: Rising energy prices are expected to increase global headline inflation by about 0.5 to 0.6 percentage points, with core inflation rising by a smaller margin of 0.1 to 0.2 percentage points, indicating that pressures in the energy market will directly impact consumers.
- Limited Supply Chain Impact: Goldman notes that despite the shock to energy markets, most major economies have limited trade exposure to non-energy goods from the Middle East, with non-energy exports from Gulf countries accounting for only about 1% of global trade, thus minimizing the risk of widespread supply chain disruptions.
- Risk Warning: Goldman warns that if the conflict escalates or if the Strait of Hormuz remains closed for an extended period, prolonged disruptions to energy supplies could further push oil prices higher, amplifying the drag on global growth while keeping inflation elevated.
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- Market Decline: Asian equities faced a sharp decline this week, with the MSCI Asia Pacific index dropping 2.1% as foreign investors liquidated $15 billion in emerging markets, indicating a significant loss of market confidence.
- Growth Forecast Downgrade: Goldman Sachs has revised down GDP growth forecasts for the Asia-Pacific region by 0.3 to 0.5 percentage points due to surging oil prices and an extended oil export disruption estimate from 10 to 21 days through the Strait of Hormuz, negatively impacting corporate earnings outlook.
- Increased Capital Flight: India and the Philippines, being oil-sensitive economies, saw their markets slide by 5%, prompting Goldman to cut 2026 earnings estimates for the MXAPJ index by 2%, reflecting diminished confidence in these economies.
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- Background of Oil Surge: Oil prices have surged above $100 per barrel due to the Iran war, significantly pressuring airline profitability, although the broader commercial aerospace cycle may remain resilient.
- Increased Supply Risks: The conflict in the Middle East has sharply altered the oil market outlook, shifting expectations from a supply surplus to a potential deficit, particularly raising concerns about supply risks linked to the Strait of Hormuz.
- Cost Challenges for Airlines: Airlines face higher fuel costs, as jet fuel is one of their largest operating expenses, and when oil prices rise due to supply shocks, carriers struggle to pass these costs onto passengers quickly enough, squeezing profit margins.
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- Celebrity Event Recap: The NYSE also recapped the visit of Olympic champions Madison Chock and Evan Bates, showcasing the exchange's connection with the sports community and enhancing its public image.
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- Market Update: The New York Stock Exchange (NYSE) issued a daily pre-market advisory on March 13, 2026, providing market insights aimed at helping investors make informed decisions before trading begins.
- Oil Price Impact: ICE Brent Crude oil prices remain above $100 per barrel, reflecting the potential market impact of the conflict in Iran, which poses risks of weekly losses for U.S. stock market indices.
- Sports and Finance Intersection: U.S. figure skaters Madison Chock and Evan Bates were interviewed at the NYSE, celebrating their gold and silver medals at the Milan Cortina Winter Games, showcasing the intersection of sports and financial markets.
- Corporate Highlights: ServiceNow CEO Bill McDermott opened the U.S. markets at the NYSE, marking the start of trading, while EltaMD Skin Care brand celebrated National Dermatologist Day, enhancing brand visibility.
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