US EditionDow tumbles 800 points as oil soars past $100 a barrel
Oil prices surged above $100 per barrel due to Middle East hostilities disrupting the Strait of Hormuz, causing global stock markets to fall sharply, including a 1.3% drop in the S&P 500.
- On March 9, 2026, oil topped US$100 a barrel as markets opened, and U.S. stock futures signaled lower opens with Dow futures down about 600 points.
- Bahrain's national oil company declared force majeure after an Iranian attack set its refinery ablaze, with Iraq's output reportedly down 70% and the Strait of Hormuz still shut.
- Benchmark moves showed WTI jumped 25% to above $114 and crude traded near US$103.34 a barrel, with the price up US$12.44 as tensions escalated.
- U.S. crude posted its largest weekly gain, soaring more than 35%, as analysts warn that $100 oil could trigger economic risks,
- Consumer pump prices rose to $3.45 a gallon Sunday, up 47 cents, while market reactions highlighted concerns over oil crossing $100.
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84 Articles
Analysis:Surging oil drives worries for US stock investors
NEW YORK, March 9 : A stunning surge in oil prices above $100 a barrel is rattling U.S. stock investors, as they brace for an even sharper rise in energy prices that could stagger the economy and further damage equities.The 50 per cent jump in U.S. crude to its highest level in more than three years is among
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Wall Street Slips on Soaring Crude Prices; Tech Stocks Rebound
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