As the price of oil surges, markets tumble

油价飙升,市场暴跌。

Newshour

2026-03-09

47 分钟
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单集简介 ...

As the US and Israel's war on Iran enters its second week, concerns are rising about surging oil prices. Crude has jumped above $100 a barrel and stock markets slumped over the escalating US-Israeli war with Iran. What are the effects likely to be? Also in the programme: We'll profile Iran's new Supreme Leader, the son of the former cleric; we'll hear how the war is affecting daily life in the Gulf state of Qatar; and how the master artists of ancient Egypt may have invented correction fluid. (Photo shows smoke rising following a strike on the Bapco Oil Refinery on Sitra Island in Bahrain on 9 March 2026. Credit: Reuters)
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  • This BBC podcast is supported by ads outside the UK.

  • Hi, I'm Mariko Ohi from Asia-Pacific,

  • where we bring you Asia-Pacific stories unpacked by those who know them best.

  • We're looking at China's efforts to shield its giant economy from the economic fallout of the Iran war.

  • After years of growth, China is now slowing down.

  • So is it still on track to become the world's largest economy in the coming decades?

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  • Hello and welcome to News Hour.

  • It's coming to you live from the BBC World Service studios in central London.

  • I'm Tim Franks.

  • We're beginning with a war whose effects it feels are causing ever larger eruptions around the world.

  • One major development we'll be looking at in much more depth in 30 minutes and that is the naming of a new supreme leader in Iran,

  • the son of the last supreme leader.

  • Who is he

  • though and what does his appointment mean for the way in which the Iranians fight and the way in which the country is run?

  • In terms of those effects beyond Iran's borders though, Well,

  • today one of the biggest has been on global markets,

  • with the price of oil hitting $100 a barrel for the first time in years and stock markets juddering downwards.

  • Here's a sense of how that news is being reported around the world.