Crude prices sank and equities mostly rose on Tuesday (March 10, 2026) as oil-importing countries discussed a possible stockpile release while monitoring the Strait of Hormuz, a key petroleum waterway emptied of traffic as the war in West Asia rages.
International oil benchmark, Brent North Sea crude, plunged 11.3% to $87.80 a barrel, a day after it neared $120.
Israel-Iran war LIVE
The drop in oil prices gathered pace as member states of the International Energy Agency (IEA) met f
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