Oil Surges 35% After Iran Escalation: Market Impact, Inflation Risks & Tax Filing Traps (3/7/2026)

A surge in oil prices following escalating tensions between the U.S., Israel, and Iran sent energy markets sharply higher, raising new questions about inflation, interest rates, and how investors should respond. Jeremiah Bates and Alex Lundgren break down what a 35% spike in oil could mean for gas prices, consumer spending, and Federal Reserve policy, while explaining why reacting emotionally to geopolitical headlines can lead investors into costly mistakes. They discuss how markets historically digest global conflicts, why short-term volatility doesn't necessarily change long-term strategy, and how proper portfolio structure and liquidity planning can help investors avoid panic decisions during uncertain periods. The show also dives into timely tax-season issues investors should watch closely. Jeremiah and Alex explain why 1099 forms aren't always correct, common errors involving Roth conversions and IRA distributions, and why Form 8606 is critical for documenting nondeductible IRA contributions. They also discuss refund delays tied to new tax law implementation, how HSA contributions can still reduce taxable income before the filing deadline, and what self-employed investors need to know about solo 401(k) reporting requirements.   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com Hosts Jeremiah Bates & Alex Lundgren ————————————————————— Ataraxis PEO https://ataraxispeo.com Tree City Advisors of Apollon: https://www.treecityadvisors.com Apollon Wealth Management: https://apollonwealthmanagement.com/ —————————————————————