S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketThe International Energy Agency (IEA) Chief Fatih Birol said on Monday that he is discussing with governments across globe, if necessary there will be more releases of oil stocks.
Key quotes
Situation in Middle East is severe.
This crisis is worse than the two oil crises of the 1970s combined.
Single biggest solution to the current problems is to reopen Strait of Hormuz.
Currently consulting with governments across globe, if necessary there will be more releases of oil stocks.
No specific crude price level to trigger more oil releases.
Shortage of fuel an increasing problem in Asia.
Australian government doing its best to increase fuel stock levels.
At least 40 … energy assets in the region are severely or very severely damaged across nine countries.
Market reaction
Crude oil prices edge higher follow this headline. At the time of writing, the West Texas Intermediate (WTI) is up 0.66% on the day at $97.85.
