West Asia conflict oil hike, market reactions LIVE: Crude oil surpasses $114 a barrel for the first time in four years
The Hindu
Oil prices eclipsed $114 per barrel for the first time since 2022 on March 9, 2026 as the Iran war intensified. Stock markets and forex markets
Oil prices eclipsed $114 per barrel for the first time since 2022 on Monday (March 9, 2026) as the Iran war intensified, threatening production and shipping in West Asia.
The price for a barrel of Brent crude, the international standard, surged past $114 after trading resumed on the Chicago Mercantile Exchange. That was up 23% from its Friday (March 6) closing price of $92.69.
Israel-Iran war LIVE updates
Asian stock markets plunged on Monday (March 9, 2026) as oil prices soared 30% on fears about supplies from West Asia as the U.S.-Israeli war against Iran continued into a second week with no sign of letting up.
Investors, already spooked by concerns over extended tech valuations and the huge spending on AI, ran for the hills as crude rocketed to its highest level since the Russian invasion of Ukraine in 2022.
Asian central banks face tough choices on interest rates amid rising oil prices and the escalating Iran conflict, impacting growth and inflation.
G7 Finance Ministers to discuss coordinated emergency oil reserve release amid surging prices and market instability.
Crude prices surge to $100 as investors sell off, causing Indian stock markets to drop 3% amid geopolitical tensions.
The U.S. urges India to purchase Russian oil at sea to alleviate supply fears amid ongoing West Asia conflict.
China’s commerce ministry on Saturday raised the possibility of another global semiconductor supply chain crisis due to “new conflicts” between Dutch chipmaker Nexperia and its Chinese subsidiary.
Sony will face a £2 billion ($2.7 billion) class action lawsuit starting Tuesday in London, accused of allegedly breaching competition law by overcharging millions of UK PlayStation users.
Oil prices eclipsed $114 per barrel for the first time since 2022 on March 9, 2026 as the Iran war intensified. Stock markets and forex markets
Asian equities drop sharply as oil prices surge 30% amid escalating West Asia conflict, raising inflation and economic concerns.
India’s renewable energy sector is in the midst of an extraordinary build-out. Capacity targets are being met, investments are flowing in, and the country has positioned itself as a global clean-energy leader. But beneath these headline achievements lies a troubling operational reality. Take the example of Rajasthan, where more than 4,000 MW of fully commissioned renewable capacity is unable to evacuate power during peak hours, due to grid congestion.
India seeks alternative crude oil supplies from the U.S., Russia, and West Africa amid ongoing West Asia conflict.
Sindhu Gangadharan emphasizes the need for women’s leadership in AI to ensure ethical, inclusive, and impactful technology development.
Room air conditioner prices will rise 5-15% ahead of summer due to increased raw material costs and new energy norms.
Explore the significance of the Strait of Hormuz and its impact on global oil trade, especially for India amidst rising tensions.