New York, March 6, 2026 (AFP) - Oil prices surge as Mideast war rages, stocks fall on US jobs

NAMPA / AFP

2026-03-06

Crude prices surged Friday on mounting fears about oil supply disruption amid the Middle East war, while equities retreated on poor US hiring data. The US-Israel war on Iran and Tehran's retaliatory attacks across the Gulf region have upended the world's energy and transport sectors, virtually halting activity in the Strait of Hormuz. The international benchmark oil contract, Brent North Sea crude, surged to $92.69 per barrel, up 8.5 percent for......

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