Oil price continues to rise amid Middle East crisis but stock markets rebound across Asia

The Guardian World

by Julia Kollewe

March 5, 2026

Reports of attack on US registered tanker in Gulf lifts crude by 3% to $84 a barrel as gas price also starts to climb Business live – latest updates Middle East crisis – live updates Stock markets have rebounded in Asia after days of heavy losses driven by the war in the Middle East, but oil and gas prices have continued to climb amid disruption to supplies. South Korea’s KOSPI, which posted its biggest ever fall on Tuesday of 12%, rose by almost 10% on Thursday, while Japan’s Nikkei climbed by 1.9%. MSCI’s Asia-Pacific index excluding Japan jumped by 2.7%. Continue reading...

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Originally published on The Guardian World on 3/5/2026