Tuesday, 03 March 2026

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Oil prices jump, stocks skid on Middle East turmoil

 Published: 11:44, 2 March 2026

Oil prices jump, stocks skid on Middle East turmoil

Oil prices surged on Monday (2 March) and shares slid as military conflict in the Middle East looked set to last weeks, sending investors flocking to the relative safety of the dollar and gold.

Brent jumped 4.5% to $76.07 a barrel, though it had briefly topped $82.00 at one stage, while US crude climbed 3.9% to $69.59 per barrel. Gold rose 1.0% to $5,327 an ounce.

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