Asian shares are mixed and US futures slip as Brent hovers above $100 a barrel
Shares are mixed in Asian trading after a dip in oil prices helped send the U.S. stock market to its best day since the war in Iran began
Last updated: 2026-03-17 07:53:36 ET
Pulse AI Brief
Updated Mar 17, 2026 7:00 AM ET
Oil prices have resumed their climb above $100 per barrel as escalating Iran tensions keep shipping routes through the Middle East disrupted. The UAE temporarily closed its airspace as a precautionary measure, though it has since reopened, while Iranian-linked vessels carrying Russian oil received temporary sanctions exemptions to maintain global supply flows.
Energy stocks are rallying on higher crude, but airline operators face margin compression from fuel costs and flight cancellations. Easter holiday bookings are shifting from Dubai to Spain as travelers avoid Middle East disruption, signaling near-term demand destruction in regional aviation and tourism.
The U.S. reliance on Iranian-linked shipping to stabilize oil markets underscores the fragility of sanctions regimes during geopolitical crises. Sustained $100+ crude will pressure Fed rate-cut expectations and inflate input costs across manufacturing and transport sectors globally.
Shares are mixed in Asian trading after a dip in oil prices helped send the U.S. stock market to its best day since the war in Iran began
The communities minister was giving his reaction to the £17m support package announced by the UK government.
Joe Morris believes heating oil should have had a price cap introduced like energy and electricity.
Each of the 11 S&P sectors closed higher in Monday's regular session, led by gains in tech.
Iranian-linked ships carrying Russian oil were among those that received temporary exemptions from sanctions, a sign of how dire the energy crisis is ...
Oil prices jumped over 2% on Tuesday as uncertainty lingered over a U.S.-led coalition to protect shipping through the Strait of Hormuz.
International benchmark Brent crude futures lost 2.84% to end at $100.21 per barrel, while U.S. West Texas Intermediate futures dropped 5.28% to $...
Shortages of fuels and chemicals threaten industries from farming to pharmaceuticals
The outlook for the U.S. economy will continue to darken as long as the Strait of Hormuz remains effectively closed to oil-tanker traffic, even though...
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