HONG KONG, March 30, 2026 (BSS/AFP) - Oil prices rallied and stocks tumbled again Monday as the Middle East crisis escalated with the entry of Houthi rebels into the Iran war and investors grew increasingly concerned the United States would send in ground troops. The news sent the price of oil to its highest level since earlier in the month after the United States and Israel began their campaign against Iran. The losses followed a bad day on Wall Street, where all three main indexes tumbled after the United States and Israel struck Iranian nuclear sites. "The market is now reacting to higher crude pricing and towards the fallout in the economic consequences," wrote Pepperstone's Chris Weston. "Any meaningful disruption, married with a sharp rise in insurance costs, could drive another leg higher in crude and further pressure risk assets."

Source: Bangladesh Sangbad Sangstha March 30, 2026 03:36 UTC