The largest oil exporter - Saudi Arabia - is cutting production following the UAE and Kuwait, Bloomberg sources report. The reason is the same: full storage facilities due to the actual blockage of the Strait of Hormuz. By mid-day on March 9, the Brent price had consolidated above $100 a barrel, having fallen from a peak of $120. The risks of a physical oil shortage are somewhat exaggerated, <a href="https://www.facebook.com/dmitry.al.nekrasov/posts/pfbid02KEfWuURAD4D2obTXwaKGuxm4xCSxiPscEeRwy3Q4AXG1z69SqpPKjKNqtMdmniv5l">Dmitry Nekrasov</a>, director of the CASE (Center for Analysis and Strategies in Europe) analytical center, wrote in his <a href="https://t.me/s/dnekrasov">Telegram channel</a>.

Is the oil apocalypse off? Why the world is not in danger of running out of physical oil

Saudi Arabia, the world's <a href="https://www.ft.com/content/aaaad78b-2980-4bb3-90f8-e8d7ab617796">largest</a> oil producer in the Persian Gulf and the <a href="https://www.worldometers.info/oil/oil-production-by-country/">second</a> <a href="https://www.ft.com/content/aaaad78b-2980-4bb3-90f8-e8d7ab617796">largest</a> after the United States, has started to cut production, a source familiar with the situation <a href="https://www.bloomberg.com/news/live-blog/2026-03-08/iran-latest-mmia2vxb?srnd=homepage-europe">told</a> Bloomberg. According to him, Saudi Arabia took such a decision due to the actual blockage of the Strait of Hormuz - a narrow water passage off the coast of Iran, through which passes a fifth of all maritime oil transportation. Restriction of shipping through this route has led to the filling of oil storage tanks in the country, Bloomberg writes.

The Gulf's largest oil producer has begun cutting production

APA Corporation

Devon Energy Corporation

Diamondback Energy, Inc.

ConocoPhillips

United Airlines Holdings, Inc.

Delta Air Lines, Inc.

Royal Caribbean Cruises Ltd.

Carnival Corporation & plc

Southwest Airlines Co.

AppLovin Corporation

Western Digital Corporation

Vertiv Holdings Co

Lumentum Holdings Inc.

Coherent Corp.

EchoStar Corporation

Napco Security Technologies, Inc.

Alexander & Baldwin, Inc.

Day One Biopharmaceuticals, Inc.

BlackRock, Inc.

Western Alliance Bancorporation

Guidewire Software, Inc.

Rumble Inc.

Daily review and forecast of events on the U.S. stock market from Mikhail Denislamov, Deputy Director of Freedom Capital Markets Research.

Morning in New York: "bears" have come out of hibernation

One of Wall Street's top bulls believes U.S. stocks face a growing threat of a sharp selloff this year because of escalating war in the Middle East

'Between Iran and the anvil': Yardeni founder doubles down on risk of US market collapse

European stocks fell sharply at the opening of trading on March 9: the main indices declined by more than 2%. Investors on Monday faced a new round of turbulence in global markets: amid escalation in the Middle East, oil prices exceeded $110 per barrel for the first time since 2022, which caused a panic sell-off on Asian stock markets and expectations of a collapse in the United States.

European markets started the week down more than 2% after oil prices surged

IMF chief Kristalina Georgieva urged central bankers to "think about and prepare for the unthinkable"


"Markets see no path to retreat": analysts - on the risks of a protracted war in Iran

The escalating war with Iran has sent oil futures above $110 a barrel due to supply disruptions across the Strait of Hormuz and attacks on energy infrastructure. Against this background, the G7 is going to consider the possibility of printing strategic oil reserves to stabilize prices. These and other topics - in our review of key events for the morning of March 9.

Main by morning: G7 may tap oil from reserves, investors are hedging

Oracle Corporation

Adobe Inc.

Bayerische Motoren Werke Aktiengesellschaft

The week began with a sharp jump in oil prices and a collapse on Asian stock exchanges - the conflict between the U.S. and Iran is dragging on, and investors are increasingly concerned about the destabilization of the global economy. Market attention will continue to be focused on events in the Middle East, <a href="https://www.wsj.com/economy/week-ahead-for-fx-bonds-middle-east-developments-oil-prices-in-focus-u-s-inflation-due-8143012a?mod=Searchresults&amp;pos=1&amp;page=1#:~:text=View%20more-,All%20eyes%20will%20be%20on%20developments%20in%20the%20Middle%20East,-after%20the%20U">writes</a> The Wall Street Journal.

Iran war, US inflation, Oracle report: what investors need to know this week

Vista Energy, S.A.B. de C.V.

Ecopetrol S.A.

SLB N.V.

Targa Resources Corp.

The beginning of the working week was extremely nervous for investors. Monday began with a sharp rise in oil prices - the cost of Brent soared by 29% and for the first time since 2022 approached $120 on the background of production cuts in the Middle East. This caused panic on Asian stock exchanges - stocks in Japan fell by more than 5%, in South Korea - by almost 6%. In Europe, the mood was also negative - the STOXX Europe 600 composite index lost 0.6% at the end of the day. Trading in the US was in the red zone for most of the day, but an hour before the close Donald Trump said that "the war is almost over". This caused investors' euphoria - stocks soared, while oil went into negative territory. Oninvest followed what was happening in the market all day long. This is the end of our online coverage.

Trump brought euphoria back to the market, Nasdaq soared 1.4%, oil price collapsed: online

Samsung Electronics Co., Ltd.

SK hynix Inc.

Amid an explosive rally in oil prices on the morning of Monday, March 9, the MSCI Asia-Pacific index collapsed 5.6 percent, the steepest decline since April, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-03-08/oil-tops-100-as-war-rages-stocks-set-to-fall-markets-wrap">calculated. </a>

Stocks in Asia collapse after explosive rise in oil prices

The cost of oil has risen above $100 for the first time since 2022

Brent price soars 20%, stocks fall: what's happening in the markets

Mojtaba Khamenei, the son of Ayatollah Ali Khamenei, who was killed in a US-Israeli operation, has been chosen as Iran's next supreme leader, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-03-08/iran-picks-khamenei-s-son-as-next-supreme-leader-fars-says?srnd=homepage-europe">reports</a> citing a report by Iran's Fars news agency. The decision was made at the vote of the 88-member council of ayatollahs.