Oil prices surpass $100, market concerns over "stagflation"

WealthCoffee · 2026-03-10T07:03:02+00:00

Political turmoil in Iran and escalating conflicts in the Middle East have pushed oil prices above $100, global stock markets are under pressure, and the US dollar is strengthening. The duration of the conflict is uncertain, with significant impacts on the economic markets and reduced diplomatic space.

WealthCoffee

2026-03-10 07:03:02

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Oil prices break through $100

Former Supreme Leader of Iran, Ayatollah Khamenei’s son Mojtaba Khamenei, takes over as Iran’s Supreme Leader, further increasing geopolitical uncertainty. Market reactions are clear: crude oil prices rise and surpass $100 per barrel, global stock markets come under pressure, the US dollar strengthens, and risk appetite significantly declines.

The conflict in the Middle East continues, with the duration still uncertain. Trump previously stated that military operations against Iran could last about four weeks; US Defense Secretary Lloyd Austin said it could extend to eight weeks or even longer. The Iranian Islamic Revolutionary Guard Corps has announced it is prepared for a prolonged war, with new weapons under development and not yet used on a large scale. Both sides maintain a tough stance, diplomatic resolution options are narrowing, and the impact on the economy and markets will continue to be felt.

We recommend accessing Caixin’s database for real-time macroeconomic data, stocks, bonds, company profiles, and financial information.

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