Updated on: Mar 04, 2026 10:21:49 AM IST
Energy prices in the United States also surged amid the ongoing war with Iran in the Middle East.
Oil prices today LIVE updates: Oil prices around the world and the global share market remained volatile on Wednesday, March 4, as escalating tensions in the Middle East continued to disrupt oil flow and economic factors. Sensex crashed by more than 1,700 points in India, while South Korea’s benchmark Kospi index tanked more than 12 per cent.
Global oil prices increased by 1 per cent as the US-Israeli attack on Iran disrupted the Middle East supplies. However, the pace of the spike in oil prices slowed down compared to recent days. Brent rose by 1.4 per cent, to $82.57 per barrel, and US West Texas Intermediate crude rose by 1 per cent, to $75.28.
India’s Sensex crashes, Nifty also down
India’s benchmark equity indices, Sensex and Nifty, tumbled in early trade on Wednesday as the conflict in the Middle East widened, driving oil prices higher and affecting Asian and global markets.
The 30-share BSE Sensex crashed 1,758.22 points (2.19 per cent) in early trade, while the 50-share NSE Nifty tumbled 530.85 points (2.13 per cent).
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Global oil prices increased by 1 per cent as the US-Israeli attack on Iran disrupted the Middle East supplies. However, the pace of the spike in oil prices slowed down compared to recent days. Brent rose by 1.4 per cent, to $82.57 per barrel, and US West Texas Intermediate crude rose by 1 per cent, to $75.28.
India’s Sensex crashes, Nifty also down
India’s benchmark equity indices, Sensex and Nifty, tumbled in early trade on Wednesday as the conflict in the Middle East widened, driving oil prices higher and affecting Asian and global markets.
The 30-share BSE Sensex crashed 1,758.22 points (2.19 per cent) in early trade, while the 50-share NSE Nifty tumbled 530.85 points (2.13 per cent).
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Mar 04, 2026 10:21:49 AM IST
Oil prices today LIVE updates: Japan’s Nikkei tanks by over 4%, hits one-month low
Japan’s Nikkei share average reached its one-month low on Wednesday, as it tanked by 4.7 per cent as trading resumed in the afternoon (local time).
The index was last down 4 per cent, its lowest since February 6. The broader Topix lost 4.33% to 3,608.54, Reuters reported.
Mar 04, 2026 10:09:57 AM IST
Oil prices today LIVE updates: Oil India share up by over 4 points amid global turmoil
Oil India Ltd., share price on Wednesday rose by more than 4 points. The margin at 10:09 am stood at 5.15 points, and the price was recorded at ₹493.20.
Mar 04, 2026 10:02:01 AM IST
Oil prices today LIVE updates: South Korea’s Kospi index drops over 12% amid US-Iran war
Oil prices today LIVE updates: South Korea’s benchmark Kospi index tanked by more than 12 per cent on Wednesday as the conflict in the Middle East continued to escalate.
The Kospi dropped 12.6 per cent to 5,065.14 in early afternoon trade (local time). On Tuesday, it had tumbled 7.2 per cent, suffering its worst two-day performance since 2008 during the global financial crisis, Bloomberg reported.