US EditionOil Flies Beyond $115 After Morning Strikes in the Middle East
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On 19 March 2026, in the early morning in Europe, oil markets reacted in real time to a dramatic intensification of the conflict between Iran, Israel and their allies. After the Israeli strike on the Iranian gas field in South Pars the day before, Tehran launched a massive response at night. The Brent, the world reference for oil, jumped as soon as the opening, reflecting the fear of a major supply shock. Oil: a morning under extreme stress on t…
PEAK ASSET: MORNING WRAP 19 March: ASX 200 futures are pointing down 119 points or 1.4 per cent to 8570 | Oil reaches for $US110 as war escalates | Verity expands gold zones with strike and depth extensions at Monument | - Opening Print
19 March, 2026 Bit of a gloomy start to the day as Australian shares are set for an opening drop of 1.7 per cent. Brent is currently trading at $US110 a barrel. Iran has retaliated for Israel’s attack on the South Pars gasfield by hitting Qatar’s massive LNG production facility. Separately, and as expected, the Fed held rates steady, with Powell stating that war related uncertainty is clouding the outlook. Market Highlights ASX 200 futures are…
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