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Asian stock markets plunge as several nations cut oil production amid attacks by Iran and threat to export routes, including key Strait of Hormuz The post Crude oil prices spike above $115 a barrel as Iran conflict disrupts production, shipping appeared first on The Times of Israel.

Brent crude soared by 17% to more than 108 dollars a barrel, having at one stage reached nearly 120 dollars a barrel for the first time since 2022.

Live updates: Oil prices soar; Iran names Khamenei's son supreme leader  NBC News

TEHRAN, Mar. 09 (MNA) – Iranian Foreign Ministry Spokesman Esmaeil Baghaei has lashed out at the anti-Iran remarks raised by US Senator Lindsy Graham on partnership of the US government in Iran and Venezuela’s oil reserves.

SINGAPORE, March 9 (Reuters) - Oil prices came off earlier highs on Monday but were still up more than 15% at levels not seen since mid-2022 as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding U.S.-Israeli war with Iran. Brent crude futures were up $15.51, or 16.7%, at $108.20 per barrel at 0642 GMT - on track for the biggest-ever jump in a single day, while U.S. West Texas Intermediate (WTI) crude futures were up $14.23, or 15.7%, at $105.13.

Saudi Arabia Offers Rare Spot Crude as Strait of Hormuz Traffic Collapses  Crude Oil Prices Today | OilPrice.com

Saudi Aramco offers oil in rare tenders as Iran war disrupts exports, traders say  Reuters

Why China can withstand oil's surge past $100 more easily than other countries  CNBC

Video: Drones hit Bahrain’s Bapco oil refinery Drones hit Bahrain’s Bapco refinery early Monday, sending plumes of smoke over the Gulf’s oldest oil facility and damaging parts of the complex. The strikes also affected nearby residential areas, injuring 32 civilians, with four in serious condition. The attack comes as the regional conflict moves towards directly threatening vital energy infrastructure across the region. Drones hit Bahrain’s Bapco refinery early Monday, sending plumes of smoke over the Gulf’s oldest oil facility and damaging parts of the complex. pic.twitter.com/Uld2GDlpxU March 9, 2026

2 die in Saudi Arabia, reportedly first deaths since Iran conflict started  nhk.or.jp

Strait of Hormuz disruption could wipe out 9 million b/d as Gulf producers shut wells  Moneycontrol.com

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Crude oil prices spike above $115 a barrel as the Iran war impedes production and shipping  AP News

Finance ministers of G7 nations to hold emergency talks on releasing oil reserves Finance ministers from the G7 nations will hold an emergency meeting to discuss releasing strategic oil reserves as global crude prices surge, the Financial Times reported, citing sources. The move is being considered to stabilise energy markets amid disruptions linked to the widening Middle East conflict. US officials reportedly believe that releasing between 300 million and 400 million barrels from strategic reserves could help ease supply pressures and calm volatile markets. The discussions come as oil prices have spiked sharply and fears grow over disruptions to ships through the Strait of Hormuz.

Pakistan Stock Exchange plunges as oil shock rattles global markets Pakistan Stock Exchange benchmark index plunged more than 9,000 points in early trading, which resulted in trade suspension in the market for 45 minutes, local media reported.  The development came amid escalating Middle East tensions, triggering a massive sell-off, the report said, adding that the benchmark index shed a massive 9,780 points in its opening session.  Similar scenes were witnessed in markets across Asia, including Japan, South Korea and India, where the market value of shares fell sharply as the oil shock above $115 rattled global markets.

March 9 (Reuters) - Oil prices have soared while share markets have skidded on fears that the escalating U.S.-Israeli war on Iran will squeeze energy supplies and hamstring industries around the world. Following are actions that governments are taking or plan to take to reduce the impact of the war on their economies. SOUTH KOREA PLANS FUEL CAP

One Strait, 20 Million Barrels: Could Hormuz Trigger An Oil Shock Bigger Than 1973?  NDTV

Middle East crisis live: Mojtaba Khamenei chosen as Iran’s new supreme leader; oil prices soar past $100 a barrel  The Guardian

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Oil Jumps 20% as Iran War Raises Fears of Hormuz Supply Disruptions  Pipeline and Gas Journal