Expedia Group’s in the news as global markets tumble over oil prices hitting $100+ due to Middle East war. Major travel platform owner.
As of March 9, 2026, global oil prices have surged past $100 per barrel due to escalating US and Israeli strikes on Iran and disruptions in the Strait of Hormuz. This has triggered sharp declines in stock markets worldwide, with major indices in the US, Japan, and South Korea falling significantly. Rising energy costs are fueling inflation concerns and threatening economic growth.
Uber has introduced hotel bookings in its app via Expedia, with Vrbo listings to follow. The move, part of Uber’s drive to become an “everything app,” includes a travel mode and in-app shopping options. Uber One members receive discounts and credits for hotel bookings as part of the rollout.