FTSE 100 Live 16 March: Bills warning as oil price stays above $100, index firm -

And that drop accelerated in recent trading days due to a spike in the oil price. As I write this on Monday morning, March 9, the price of Brent crude, the international benchmark, is about $104 per barrel.

Traders work on the floor of the New York Stock Exchange during morning trading on March 10, 2026 in New York City. Stocks continued to slide at the opening due to the war in Iran and oil prices hovering around $90 per barrel.

The CBOE Volatility Index, also known as the stock market's fear gauge, recently exceeded 29 and remains near 25, above the threshold of 20 that indicates rising investor fear and volatility (above 30 is panic mode). And CNN's well-known "Fear & Greed Index" is now hovering at the intersection of "Fear" and "Extreme Fear."

Stock markets plunged and oil prices surpassed $100 per barrel today amid the US war in Iran. How high will crude oil get? See the latest predictions.

The Nikkei 225 Index remained on edge as energy prices continued the uptrend, with Brent, the global benchmark, rising to $100, and the West Texas Intermediate (WTI) soaring to over $95. Natural gas prices soared by over 1.5% on Thursday.

Spread the loveOn March 16, 2026, India’s Nifty 50 index closed at an alarming 23,151, marking an 11-month low. This sharp decline of 488 points reflects the growing concerns surrounding escalating conflicts in West Asia and the resulting volatility in oil prices,

President Trump is trying to soothe concerns over rising oil and gas prices. This comes as he calls on allies to help protect ships on the Strait of Hormuz from Iranian attacks. CBS News' Charlie D'Agata and Imtiaz Tyab report.