AP
Financial Markets Wall Street
Pedestrians mill about outside the New York Stock Exchange in New York, Friday, March 6, 2026.
As featured on
Japan's benchmark Nikkei 225 index has plunged more than 7% after oil prices soared to well over $100 a barrel due to disruptions from the war in the Middle East. South Korea’s Kospi sank 6.3% and other Asian benchmarks also fell sharply. Crude prices are at their highest level since shortly after Russia invaded Ukraine in 2022 as the war ensnares major oil-producing countries and hinders exports from the Persian Gulf. The price for a barrel of Brent crude, was at $114.11 a barrel and U.S. benchmark crude traded at $114.00 a barrel. Both were more than 20% above their closing prices Friday.
