FLASH NEWS
Wall Street opens lower, oil price surpasses $100 per barrel!
2026-03-12 16:42:24 / BOTA
The New York Stock Exchange is under pressure again today (March 12), due to the explosive rise in oil prices, and investors seem unconvinced that the release of strategic reserves will help mitigate the consequences of the war in the Middle East.
At around 3 p.m., the Dow Jones industrial average fell 0.98%, the Nasdaq index of high-tech companies fell 1.15% and the broader S&P 500 index fell 0.91%.
"At the moment it doesn't look like the war will end and that's the problem for investors," Adam Sarhan, an analyst at 50 Park Investments, told AFP.
On the other hand, attacks on maritime infrastructure are multiplying in Oman, Saudi Arabia, Kuwait, Iraq and the Strait of Hormuz, through which a fifth of the world's oil and liquefied natural gas production passes.
The price of oil continues to rise and Brent North Sea crude reached $100.35 per barrel at 16.50, up +8.37%, surpassing the $100 price for the second time in a few hours.
Happening now...
ideas
top
TRENDING 
services
- POLICE129
- STREET POLICE126
- AMBULANCE112
- FIREFIGHTER128