Iran War Fifth Week: Oil Prices Surpass $115, Asian Stock Markets Crash

​Dhaka, March 30, 2026 — The Iran-Israel-US conflict entered its fifth week today. The horror and uncertainty of the war are pushing the global economy towards extreme instability. This heated situation in the Middle East has had a direct impact on fuel oil and global stock markets.
​Fuel oil prices at record highs
​On Monday morning, the price of crude oil (Brent Crude) in the international market rose by more than 3 percent to $115.45 per barrel. Oil prices have increased by about 50% since the start of the war.
​Main reasons for the fuel crisis:
​Blockade of the Strait of Hormuz: 20% of the world's total fuel oil is transported through this route. Due to the Iranian blockade, the supply system has practically come to a standstill.
​Attacks on installations: News of attacks on Iran's key oil terminal 'Kharg Island' and Qatar's LNG complex has spooked investors.
​Supply shortages: The International Energy Agency (IEA) has called it the largest supply crisis in history.
​Asian stock markets plunge
​Along with rising oil prices, major Asian stock markets have seen a sharp decline. Investors are selling their shares to avoid risk. READ MORE