Iran and Oil

March 2, 2026


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  • Iran produces about 3.3 million barrels of oil per day, roughly 3% of global supply, and sits along the Strait of Hormuz, a chokepoint for about one-fifth of global crude flows. 1


  • The number of U.S. private companies valued at $1B+ (“unicorns”) rose from 114 ten years ago to 857 by 2025, an annualized growth rate of about 25%. *2


  • AI data centers can use 50 to 100 times as much electricity as the Empire State Building, straining grids in regions where 8 of 13 U.S. regions already have limited spare capacity. The average US residential electricity bill is up by more than 30% since 2020. 3


  • Credit and debit card spending rose 2.5% year over year among higher-income households in January, versus just 0.3% for lower-income households. 2




Sources:

  1. Bloomberg – “What’s at Stake for Oil Markets as Trump Strikes Iran”
  2. MFS – “Beyond the News”
  3. Barron’s – “Tech Giants Are Paying Up to Power AI. These Utilities Will Be Big Winners.”

*Past performance is not indicative of future performance

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Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter.

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