Oil shock

Reuters Morning Bid · Mar 9, 2026 · 8m

Oil prices surge past $100 as the Middle East conflict enters a second week, raising fears of a prolonged supply shock. Combined with weak U.S. jobs data, stagflation concerns intensify while global markets fall, bond yields jump, and investors shift toward dollar liquidity.

Today’s recommended read: Compounding errors and narrow self-interest threaten global fuel crisis by Clyde Russell

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