(March 9) : Oil rose over US$100 a barrel and US stock futures fell as escalating hostilities in the Middle East and widening stress on oil shipping and infrastructure had global investors braced for more turbulence when trading resumes Sunday. Brent crude oil rose to more than US$102 a barrel after notching its biggest-ever weekly gain on Friday. Overnight Sunday, Iran pressed attacks on Mideast neighbors, while Israel struck fuel depots in Tehran and threatened the Islamic Republic’s power grid. The attacks will continue “until they surrender or, more likely, completely collapse!” he said in a social media post. “The worst is yet to come in the stock market reaction,” said Michael O’Rourke, chief market strategist at JonesTrading.

Source: The Edge Markets March 08, 2026 22:30 UTC