Monday, March 2, 2026 at 9:46 AM
Brent crude prices hovered around $80 a barrel and stocks fell across the globe as markets reacted to widening conflict in the Middle East.
Renewed conflict in the Middle East poses a fresh headache for Asia’s central banks, reviving inflation risks just as price pressures had steadied across much of the region.
Prices soared as investors flocked to safe-haven assets after the joint U.S.-Israeli strikes against Iran.
Massive U.S.-Israel attacks on Iran have raised fears of a wider regional war and prolonged disruption to energy flows through the Strait of Hormuz.
Oil prices edged higher in early trading as markets remained highly sensitive to developments and continued to factor in a sizable risk premium ahead of U.S.-Iran talks.
Data sourced from public RSS feeds and News APIs.
