Stocks slide as oil soars past $100 on Mideast warOil topped $100 a barrel for the first time since Russia's 2022 invasion of UkraineLONDON - Stock markets slumped as energy prices soared on Monday as supply disruptions from the Middle East war drove volatility and fanned inflation fears. Oil prices rocketed above $100 a barrel for the first time since Russia's invasion of Ukraine in 2022, after Iran retaliated to US-Israeli strikes by targeting sites in crude-producing Gulf nations. The jump in prices was even more vertiginous than after Russia's 2022 invasion of Ukraine, when oil touched $130.50 per barrel. Asian stocks fell sharply as oil prices spiked. But equities in Europe and on Wall Street cut their losses as oil prices gave up their gains, even as G7 nations held off releasing oil from their strategic reserves.

Source: Bangkok Post March 10, 2026 01:49 UTC