Oil prices reach no ceiling: bolsas start the week cautiously with crude above 100 dollars
Portafolio Journalist 03/16/2026 07:09 Updated: 03/16/2026 07:09
TL;DR
- Global stock markets showed caution due to oil prices surpassing $100 per barrel.
- The conflict in the Middle East is entering its third week with no clear end in sight.
- Brent crude rose to $106.30 and WTI to $100.83.
- Tokyo and Taipei markets closed with slight losses, while Seoul and Hong Kong saw gains.
- European markets were hesitant, with most major indices trading in negative territory, except for London.
- Oil prices surged following warnings of potential US attacks on Iranian energy infrastructure.
- The Strait of Hormuz, crucial for oil transport, remains practically closed due to Iranian attacks.
- US economic advisor Kevin Hassett suggested the conflict could last up to six more weeks.