#国际油价突破100美元

Oil prices break $100, stock market "avalanche": Middle East conflict impacts the global economy

International oil prices surged past $100 last night, reaching a new high since 2022. As of March 9, WTI crude futures rose to a high of $111.24 per barrel, and Brent crude reached a high of $111.04 per barrel, with single-day increases of over 20%.

In response, Asia-Pacific stock markets plummeted across the board. The Japanese Nikkei index opened down more than 6%, triggering a circuit breaker; South Korea's KOSPI futures paused trading for 5 minutes due to extreme volatility; Australian stocks opened down 3.8%.

The trigger is the Middle East situation. The conflict involving the US, Israel, and Iran has disrupted the vital shipping lane—the Strait of Hormuz—causing blockages; key oil-producing countries like Iraq and Kuwait have been forced to cut production. The market faces a daily supply gap of millions of barrels, and panic sentiment is rapidly intensifying.

The surge in oil prices will directly impact the domestic market. By 24:00 on March 9, domestic refined oil prices are expected to rise significantly, with 92-octane gasoline increasing by about 0.53 yuan per liter. Filling up a 50-liter tank will cost over 25 yuan more.

Experts warn that if oil prices remain above $100, it will significantly boost global inflation and increase the risk of economic recession. The market is closely monitoring the development of the situation and responses from various countries.

Successful oil bottoming.