Disruptions

• A STAT national survey reveals NIH funding interruptions are causing layoffs, lab closures, and driving early-career scientists away from research careers due to federal budget and priority changes. • Harvard researcher Josiemer Mattei had her diabetes prevention trial in Puerto Rico terminated in May 2025 when the administration cut over $2.8 billion in grants across the university, forcing her to scramble to relocate the study to avoid losing patients and data. • The NIH remains committed to fully spending its 2026 budget but lags significantly behind prior years in grant awards and disbursements, with researchers reporting taking 95% pay cuts to avoid staff layoffs.

• Brent crude oil prices rose 3.2% to USD 103.42 per barrel, while US oil prices increased 2.9% to USD 96.21 per barrel due to Strait of Hormuz tensions and reduced vessel movement. • The Trump administration plans to ease sanctions on Venezuela's oil sector by issuing permits for foreign companies, aiming to boost crude production and counter soaring prices. • Global oil markets remain volatile as the Strait of Hormuz, through which 13 million barrels pass daily, faces ongoing disruptions from the Iran conflict.

• Research firm IDC significantly lowered its 2026 PC shipment forecast to an 11.3% decline, compared to the previous projection of a 2.4% drop, driven by ongoing memory shortages, rising component costs, and supply chain disruptions expected to persist into 2027. • Tablet shipments are also expected to fall 7.6% in 2026, though the overall market value is projected to increase slightly as higher component costs drive up per-unit prices for computers and devices. • IDC predicts that truly inexpensive computers will become rarer as the industry adapts to a new normal with elevated component pricing, fundamentally changing the affordable computing landscape.

• Energy Secretary Chris Wright told NBC News that gasoline prices could decline by summer despite ongoing disruptions from the Iran war and threats to global oil supplies. • The forecast suggests potential relief from elevated energy costs that have accompanied the three-week conflict, though oil markets remain volatile due to Iranian actions in the Strait of Hormuz and retaliatory attacks on regional infrastructure. • The projection reflects administration confidence in energy supply alternatives and market stabilization even as the conflict continues to create supply-chain uncertainties.

• A powerful winter storm is impacting the Midwest, causing significant travel disruptions for millions of Americans as the system is forecast to move eastward. • The severe weather creates additional operational challenges across transportation networks already strained by various crises and conflicts affecting global commerce. • Forecasters warn of continued travel trouble as the storm progresses across the country over the coming days.

• US Energy Secretary Chris Wright told NBC News that gasoline prices could decline by summer despite current elevations caused by Iran war-related supply disruptions and Strait of Hormuz tensions. • The projection offers some relief to consumers facing inflationary pressures from energy markets, contingent on conflict de-escalation or resolution within the coming months.

Iranian missile and drone strikes have halted shipping through the Strait of Hormuz as of March 14, 2026, prompting US Navy plans to escort oil tankers amid surging global prices. President Trump directed military options to keep the strait open, with officials confirming anticipation of such blockades. Saudi Arabia reported intercepting 28 Iranian drones targeting its defenses. The move aims to mitigate impacts on US energy markets and economy.