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Oil prices surge amid war in Iran

Jill Schlesinger joins "CBS Saturday Morning" to discuss how the war against Iran is impacting the price of oil and gas. She also breaks down the February jobs report.
Mar 7 (04:06)

TRANSCRIPT FOR: “OIL PRICES SURGE AMID WAR IN IRAN”

JILL SCHLESINGER:
00:02:57

Let's. They had a rough week this past week. I have a feeling I know what you're going to say, but what should investors do? Can I tell you that I actually thought stocks acted better than I would have imagined?

KELLY O'GRADY:
00:03:07

Really?

ADRIANA DIAZ:
00:03:08

Yes. Yeah, it was a very strange week in some respects. Yes, the markets have been selling off. But this year, stocks are basically flat. Hey, you know what, gang? We are seeing this surge in oil and gas. We have unrest and war in the Middle East. And you think that the stocks are holding up pretty well? So look, I know that people get unnerved every single day. My mother calls me, she's like, don't tell me not to panic.

ADRIANA DIAZ:
00:03:31

That's what I'm saying. Mom, I know. And this is a long standing issue my mother has with me. Because she says I am entitled to feel how I feel. And you are. And it's scary. However--

ADRIANA DIAZ:
00:03:43

I love that that's the mother telling that to the daughter. That's one-- [LAUGHTER] You're a long term investor. You stick with your game plan. You tune out the noise. Control what you can control. And that means manage your own financial life. Don't go figuring out where the stocks are going next. You don't need to. 20, 30, 40 years in the future, Adriana, that's what you're investing for.

ADRIANA DIAZ:
00:04:03

I hope so. Jill Schlesinger, thank you so much.

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