Crude oil prices spike above $115 a barrel as Iran conflict disrupts production, shipping
Published by AP – The Times of Israel on March 9th 2026
Asian stock markets plunge as several nations cut oil production amid attacks by Iran and threat to export routes, including key Strait of Hormuz Oil prices spiked near $120 per barrel before falling back slightly on Monday as the Iran war intensified, threatening production and shipping in the Middle East and pummeling financial markets. The…