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Brent jumped 10% to $101.59 as the Iran conflict shut the Strait of Hormuz, disrupting 20M barrels/day and triggering shipping attacks, overshadowing a record IEA reserve release.
Brent crude surged 10% to $101.59 a barrel as the Iran conflict shut down the Strait of Hormuz and triggered new shipping attacks, overshadowing a record 400-million-barrel IEA reserve release.
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Market impact: Oman evacuated all vessels from Mina Al Fahal terminal, while two tankers were attacked in Iraqi waters. China escalated fuel export curbs, with refiners canceling cargoes.
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Dow, SP 500, Nasdaq Futures Gain Ahead of SpaceX Market DebutU.S. stock futures climbed ahead of SpaceX’s record-breaking $75 billion IPO, while easing U.S.-Iran tensions pushed oil prices to two-month lows and boosted global markets.
Bitcoin Nears Key Bottom, Solana Eyes Bigger Gains, and Ripple Scores Mastercard BoostBitcoin approaches a key support zone as demand weakens, while analysts see long-term growth potential for Solana. Meanwhile, Ripple gains institutional momentum after joining Mastercard’s new AI-powered payments network.
Global Markets Slide as U.S. Strikes Iran, Oil Volatility Returns, and Bitcoin Stays Under PressureGlobal markets turned lower after the U.S. launched strikes against Iran. Dow, S&P 500 and Nasdaq futures fell, oil prices remained volatile, Japan’s inflation hit a three-year high, and Bitcoin stayed under pressure amid growing geopolitical uncertainty.Editorial Note
This article aggregates publicly available market and broker updates from the source CMS. Verify time-sensitive data directly with official sources before making decisions.
Last update: Mar 12, 2026
