{"id":5122,"date":"2026-03-09T17:21:02","date_gmt":"2026-03-09T17:21:02","guid":{"rendered":"https:\/\/ventil.rs\/blog\/world\/oil-surges-past-100-a-barrel-as-stocks-tumble-amid-us-israeli-aggression-against-iran-such-tv\/"},"modified":"2026-03-09T17:21:02","modified_gmt":"2026-03-09T17:21:02","slug":"oil-surges-past-100-a-barrel-as-stocks-tumble-amid-us-israeli-aggression-against-iran-such-tv","status":"publish","type":"post","link":"https:\/\/ventil.rs\/blog\/world\/oil-surges-past-100-a-barrel-as-stocks-tumble-amid-us-israeli-aggression-against-iran-such-tv\/","title":{"rendered":"Oil surges past $100 a barrel as stocks tumble amid US-Israeli aggression against Iran &#8211; SUCH TV"},"content":{"rendered":"<p> <br \/>\n<br \/><\/p>\n<div>\n<p style=\"text-align: justify;\">Crude oil prices have soared past $100 a barrel amid a large-scale and unprovoked US-Israeli war on Iran.<\/p>\n<\/p><\/div>\n<div>\n<p style=\"text-align: justify;\">The international benchmark of Brent crude jumped more than 20 percent on Sunday, and at one point hit $115 as concerns increased over prolonged disruptions to global energy supplies.<\/p>\n<p style=\"text-align: justify;\">The benchmark was being traded at around $107.50 as of 0230 GMT on Monday following a slight moderation. The uptick marked the first time oil prices climbed over $100 per barrel since the onset of Russia&#8217;s operations in Ukraine in 2022.<\/p>\n<p style=\"text-align: justify;\">US President Donald Trump, who campaigned heavily on cost-of-living concerns in the 2024 vote, sought to downplay the rise in prices.<\/p>\n<p style=\"text-align: justify;\">&#8220;Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for the USA, and World, Safety and Peace,&#8221; Trump asserted in a post on Truth Social.<\/p>\n<p style=\"text-align: justify;\">US Secretary of Energy Chris Wright also tried to brush off the prospect of soaring energy prices earlier on Sunday.<\/p>\n<p style=\"text-align: justify;\">He told CBS News&#8217; Face the Nation program that any increase in prices at the petrol pump would be &#8220;temporary.&#8221;Crude oil prices have spiked by about 50 percent since the US and Israel launched joint strikes on Iran on February 28.<\/p>\n<p style=\"text-align: justify;\">Iran, in retaliation, has effectively brought shipping in the Strait of Hormuz to halt.<\/p>\n<p style=\"text-align: justify;\">Iraq, the United Arab Emirates and Kuwait &#8212; three of the major producers in the Organization of the Petroleum Exporting Countries (OPEC) &#8212; have slashed production amid an accumulating backlog of barrels with no destination to go due to the effective closure of the strategic waterway.<\/p>\n<p style=\"text-align: justify;\">Meanwhile, stocks in Asia tumbled drastically on Monday morning, as investors prepared for the fallout of soaring energy prices.<\/p>\n<p style=\"text-align: justify;\">Japan&#8217;s 225 index fell more than 7 percent in early trading, while South Korea&#8217;s KOSPI plunged more than 8 percent.The Hang Seng Index in Hong Kong also fell by nearly 3 percent.<\/p>\n<p style=\"text-align: justify;\">US stocks futures, which are regularly traded outside of usual market hours, also experienced significant losses.<\/p>\n<p style=\"text-align: justify;\">Futures tied to Wall Street&#8217;s benchmark S&amp;P 500 fell by 1.7 percent, while those for the tech-heavy Nasdaq Composite dropped by 1.90 percent.<\/p>\n<p style=\"text-align: justify;\">The International Monetary Fund (IMF) has predicted that energy sustained 10 percent rise in oil prices brings about a 0.5 rise in inflation and a 0.15 percent reduction in global economic growth.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.suchtv.pk\/world\/item\/135536-oil-surges-past-100-a-barrel-as-stocks-tumble-amid-us-israeli-aggression-against-iran.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil prices have soared past $100 a barrel amid a large-scale and unprovoked US-Israeli war on Iran. The international benchmark of Brent crude jumped more than 20 percent on Sunday, and at one point hit $115 as concerns increased over prolonged disruptions to global energy supplies. The benchmark was being traded at around $107.50&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/ventil.rs\/blog\/world\/oil-surges-past-100-a-barrel-as-stocks-tumble-amid-us-israeli-aggression-against-iran-such-tv\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;Oil surges past $100 a barrel as stocks tumble amid US-Israeli aggression against Iran &#8211; SUCH TV&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":5123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.suchtv.pk\/media\/k2\/items\/cache\/4c61de65c05299af41516430b8284d7f_XL.jpg","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[4020,767,4037],"class_list":["post-5122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-crude-oil-prices","tag-iran","tag-us-israeli-war"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.8 (Yoast SEO v22.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oil surges past $100 a barrel as stocks tumble amid US-Israeli aggression against Iran - SUCH TV - Breaking News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ventil.rs\/blog\/world\/oil-surges-past-100-a-barrel-as-stocks-tumble-amid-us-israeli-aggression-against-iran-such-tv\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil surges past $100 a barrel as stocks tumble amid US-Israeli aggression against Iran - SUCH TV\" \/>\n<meta property=\"og:description\" content=\"Crude oil prices have soared past $100 a barrel amid a large-scale and unprovoked US-Israeli war on Iran. 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