Japan's Nikkei 225 Plunges 6.3% as Oil Prices Soar to over $100 a Barrel Due to the War with Iran
Japan's Nikkei 225 dropped over 6% as oil prices surged above $100 due to Middle East conflict disrupting supply and halting tanker traffic through the Strait of Hormuz.
- On March 09, 2026, oil futures rose above $110 a barrel as West Texas Intermediate crude jumped roughly 17% in 24 hours, while bitcoin held near $67,000 and Asian markets opened deep in the red.
- Over the weekend, tanker traffic was halted and regional producers curtailed exports, raising fears flows through the Strait of Hormuz carrying about 20% of global crude could be restricted.
- Japan's Nikkei 225 fell more than 6% and South Korea's Kospi dropped about 8% as energy-related stocks like Rex International rose 13.3% amid the crude rally.
- Derivatives and prediction markets showed heavy positioning as funding rates on oil perpetual futures turned negative on Hyperliquid and Polymarket assigns a 76% probability crude hits $120 by month-end, though some traders questioned the rally's sustainability.
- Analysts warn that if Gulf oil infrastructure remains threatened, sustained high oil could pressure growth in import-dependent Asian economies and strain currencies and payments for the Philippines and South Korea.
167 Articles
167 Articles
Nikkei 225 marks 3rd-largest fall as traders react to surging oil prices
Tokyo stocks tumbled on Monday. Investors reacted to a surge in crude oil prices on worries the Middle East conflict may further disrupt supplies and slow global economic growth. The Nikkei 225 index closed with its third-largest decline on record.
Japan’s Nikkei 225 index dropped more than 5%, while other regional markets also recorded significant losses. S&P 500, Nasdaq Composite and Dow Jones operate with casualties above 1% after declines of more than 2% at the end of Sunday’s day
On Monday it dawned in Asia with a tremor in the markets that tested the financial stability of the region and lit all the alarms. Tokyo’s Nikkei 225 fell...
Asian stocks today: Nikkei tumbles 3,000 points, Kospi down 7%; markets trade in red as oil prices soar beyond $100
Asian stocks plummeted Monday as surging oil prices, driven by Middle East supply concerns, rattled markets. South Korea's Kospi led the decline, falling over 7.8%. Brent crude surpassed $118 a barrel, reaching a 14-year high, fueling fears of significant global economic harm.
Coverage Details
Bias Distribution
- 55% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
