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The war in the Middle East has led to a sharp rise in energy prices in the world. Olga Moshkina, Junior Director for Corporate Ratings at Expert RA Agency, argues whether this conflict is beneficial for Kazakhstan's economy, which depends on oil revenues.

War in the Middle East: Can Kazakhstan capitalize on it?

Oil prices fell below $90 per barrel after jumping to almost $120 during the previous trading session. At the same time, stock indices of Japan and South Korea rose sharply. This is how commodity and stock markets reacted to US President Donald Trump's promises to end the war in Iran "very soon" and partially suspend oil sanctions.

Oil collapses, stocks in Asia jump after Trump's promise to end the war soon

Oil prices have lost some of the gains recorded the day before during the explosive rally. Iran is going to impose "security" duties on oil tankers passing through the Persian Gulf. Here are the major developments in the conflict in the Middle East to this point.

Relief rally and duties on oil tankers: day 11 of the Iran war

Apple Inc.

Apple can't release a new smart home hub that will unify the company's devices because the AI for Siri isn't ready yet

Apple has delayed the release of a new AI device because of 'stupid' Siri. What to expect?

The restrictions, however, will be lifted only temporarily

Trump has promised a speedy end to the war with Iran and the lifting of oil-related sanctions

JPMorgan Chase & Co.

The loss of a key oil export terminal could prompt Tehran to step up attacks on its neighbors' energy infrastructure

JPMorgan warned of a new threat to the global oil market due to the US war with Iran

Anthropic says it is limiting the use of its technology given the potential for AI errors

Anthropic has filed a lawsuit against the U.S. Department of Defense. The dispute with the authorities has made the AI startup popular

Broadcom Inc.

NVIDIA Corporation

Advanced Micro Devices, Inc.

Micron Technology, Inc.

Stocks in the U.S. showed on Monday, March 9, the best reversal from decline to growth in at least a few months. Indexes, which had been falling for most of the day, reversed to a sharp rise after Donald Trump's announcement that the war with Iran was nearing an end. Brent crude oil, which in the morning rose to its highest since 2022 - almost $120 a barrel - has since then, on the contrary, started to fall in price by more than 5%.

The best reversal of stocks, the rise and fall of oil, the peak of panic: the results of the tenth day of the war

U.S. stocks changed dynamics sharply in the last hour before the stock exchanges closed: all four major stock indices began to grow rapidly, with the Nasdaq - by more than 1.5%. Brent crude oil went from a rapid rise earlier in the day to a drop of more than 5%.

'I think the war is pretty much over': markets rose after Trump's CBS comments

The ongoing conflict between the U.S. and Iran and the virtual blockage of the Strait of Hormuz has caused the biggest disruption to global oil supplies in history, consulting firm Rapidan Energy <a href="https://www.cnbc.com/2026/03/09/the-us-iran-war-is-the-biggest-oil-supply-disruption-in-history.html">said</a>, it was quoted by CNBC as <a href="https://www.cnbc.com/2026/03/09/the-us-iran-war-is-the-biggest-oil-supply-disruption-in-history.html">saying</a>.

The closure of the Strait of Hormuz has caused the biggest oil supply disruption in history

Stocks fall, dollar rises, and traders are now less hopeful about Fed rate cuts

The war has forced investors to rethink trading strategies. What has lost relevance

The S&amp;P 500 index may fall by 10% relative to its peak January values due to the ongoing conflict in the Middle East, the Bloomberg agency <a href="https://www.bloomberg.com/news/articles/2026-03-09/jpmorgan-sees-10-correction-in-s-p-500-as-war-risks-build-up?embedded-checkout=true">quotes the</a> opinion of analysts JPMorgan. However, traders, according to experts, are not ready for such a fall.