Newshour - As the price of oil surges, markets tumble

Download As the price of oil surges, markets tumble

As the US and Israel's war on Iran enters its second week, concerns are rising about surging oil prices.

Crude has jumped above $100 a barrel and stock markets slumped over the escalating US-Israeli war with Iran. What are the effects likely to be?

Also in the programme: We'll profile Iran's new Supreme Leader, the son of the former cleric; we'll hear how the war is affecting daily life in the Gulf state of Qatar; and how the master artists of ancient Egypt may have invented correction fluid.

(Photo shows smoke rising following a strike on the Bapco Oil Refinery on Sitra Island in Bahrain on 9 March 2026. Credit: Reuters)

Published on Monday, 9th March 2026.

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