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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.
der Standard AT
ORF.at NewsOil prices have increased by around 20 percent since Friday. Stock exchanges in East Asia, South Korea and East Asia start with heavy losses
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