ASX tumbles amid global markets rout, oil prices surge due to Middle East conflict
Mar 23, 2026
Business
The ASX 200 falls sharply as global markets react to Middle East conflict concerns. Oil prices surge, with Brent Crude exceeding $112 a barrel. Follow live upda
ASX Tumbles Amid Global Markets Rout
The ASX 200 has experienced a significant drop to start the trading week, declining by 1.9% as concerns over the ongoing Middle East conflict continue to impact global financial markets.
Oil prices have seen a notable increase, with Brent Crude reaching over $112 per barrel, up 3.3% from its Friday close. This surge is attributed to disruptions in supply due to the conflict in the region.
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