- By Aditya Pratap Singh
- Mon, 09 Mar 2026 10:50 AM (IST)
- Source:JND
Brent Crude Price Today: Crude oil prices skyrocketed over 25 per cent on March 9 as escalating tension in the Middle East halted the mining and trading of oil from the Gulf region. The Strait of Hormuz, the vital trade route in the Persian Gulf, has remained closed since the US-Iran-Israel war broke out early this month. The retaliatory action from both sides seems tobe worsening the situation, showing no little hope of things settling down in quick time.
Brent Crude has not only surpassed $the $100per barrel milestone, but it soared far near $120. At the time of writing, Brent Crude price was trading at $117.73 per barrel, up 27 per cent pf $25. Similarly, West Texas Intermediate (WTI) crude was up by $25.6 or 28.2 per cent to $116.5 per barrel.
Meanwhile, the oil price surged in the domestic futures market as well. Crude oil (26 March expiry) was trading at 10,119 per barrel, up 21 per cent.
Stock Market CrashToday
Domestic equity indices crashed on opening, driven by further escalation of the war in the Middle East. In the early trade, the BSE Sensex was down 2,300 points, and the Nifty50 fell below 23,800. Both the key indices were down over 2 per cent.
BSE Sensex started the session over 1,900 points lower at 77,056.75 against last session's closing of 78,918.51, while Nifty50 opened at 23,868.05, significantly down against last day's closing of 24,450.45. The indices escalated the losses further in early trade. Sensex touched an early low at 76,424.55.
At the time of writing, Nifty50 was trading at 23,777.20, down 673.25 points or 2.75 per cent. Sensex was at 76,713.86, down 2205 points or 2.79 per cent.