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09 March
Oil shatters $100 ceiling, hitting levels not seen since 2022 as Iran conflict escalates

G7 finance leaders reportedly due to discuss possible joint release of reserves

This video grab taken from UGC images posted on social media on March 7 and 8, 2026 shows fire erupting at an oil depot in Iran's capital Tehran. Oil prices soared to levels not seen since 2022 on Monday.
This video grab taken from UGC images posted on social media on March 7 and 8, 2026 shows fire erupting at an oil depot in Iran's capital Tehran. Oil prices soared to levels not seen since 2022 on Monday. Photo: -/UGC/Agence France-Presse/Getty Images

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