Energy Markets Roil: Iran War Boosts Saudi Aramco Shares
Edited By WION Video Desk
Published: Mar 09, 2026, 10:00 IST | Updated: Mar 09, 2026, 10:00 IST
As the Iran conflict enters its second week, global energy markets are under intense pressure and analysts are warning of further oil price spikes due to potential supply disruptions. Shares of Saudi Arabia’s oil giant, Saudi Aramco, surged on Sunday - marking their biggest rise since April 2023 - as investors reacted to fears that oil flows could be interrupted by the escalating war and supply routes around the Strait of Hormuz. Aramco’s stock climbed as much as 4.9 %, before settling with strong gains, while Brent crude topped $90 per barrel amid broader market volatility.
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