Updated on: Mar 04, 2026 11:07:25 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).
Oil India share price
According to NSE, the Oil India Limited share price was up by more than 4 points on Wednesday morning, trading at over ₹493. Oil India Limited is a public sector company, dealing with exploration, development and production of energy resources, including crude oil and natural gas.
South Korea Kospi index
South Korea’s benchmark Kospi index fell more than 12 per cent as tensions between the US and Iran widened, further intensifying the global turmoil. The Kospi tumbled 12.6 per cent in early afternoon trade (local time), marking its worst two-day performance since the 2008 global financial crisis. On Tuesday as well, the Kospi dropped 7.2 per cent, Bloomberg reported.
According to data from the US government, South Korea is the fourth-largest importer of crude oil in the world, relying heavily on fuel shipped from the Middle East.
Global oil prices
Diesel’s premium to crude oil increased to its highest since the summer of 2023, with Benchmark diesel futures in Europe trading over $40 per barrel above crude earlier on Tuesday, Bloomberg reported.
Oil prices rose 1 per cent amid the intensifying US-Israeli war, as Brent surged 1.4 per cent to $82.57 per barrel, the highest since January 2025. US West Texas Intermediate crude, meanwhile, rose 1 per cent to $75.28.
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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).
Oil India share price
According to NSE, the Oil India Limited share price was up by more than 4 points on Wednesday morning, trading at over ₹493. Oil India Limited is a public sector company, dealing with exploration, development and production of energy resources, including crude oil and natural gas.
South Korea Kospi index
South Korea’s benchmark Kospi index fell more than 12 per cent as tensions between the US and Iran widened, further intensifying the global turmoil. The Kospi tumbled 12.6 per cent in early afternoon trade (local time), marking its worst two-day performance since the 2008 global financial crisis. On Tuesday as well, the Kospi dropped 7.2 per cent, Bloomberg reported.
According to data from the US government, South Korea is the fourth-largest importer of crude oil in the world, relying heavily on fuel shipped from the Middle East.
Global oil prices
Diesel’s premium to crude oil increased to its highest since the summer of 2023, with Benchmark diesel futures in Europe trading over $40 per barrel above crude earlier on Tuesday, Bloomberg reported.
Oil prices rose 1 per cent amid the intensifying US-Israeli war, as Brent surged 1.4 per cent to $82.57 per barrel, the highest since January 2025. US West Texas Intermediate crude, meanwhile, rose 1 per cent to $75.28.
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Mar 04, 2026 11:07:22 AM IST
Oil prices today LIVE updates: Oil climbs as Iran war fuels supply fears, gains slow on tanker escort talk
Oil prices today LIVE updates: Oil prices rose about 1% on Wednesday as the US-Israeli war with Iran disrupted supplies in the Middle East, though gains slowed after US President Donald Trump suggested the US Navy could escort vessels through the Strait of Hormuz.
Brent crude rose $1.17, or 1.4%, to $82.57 a barrel by 0408 GMT, after closing at its highest level since January 2025 in the previous session.
US West Texas Intermediate crude gained 72 cents, or 1%, to $75.28 a barrel, after settling at its highest level since June.
Both benchmarks have risen about 5% or more over the past two sessions amid concerns over potential supply disruptions in the region.
Mar 04, 2026 11:04:07 AM IST
Oil prices today LIVE updates: Sensex, Nifty fall in early trade as widening Middle East conflict lifts oil prices
Oil prices today LIVE updates: India’s benchmark equity indices, the Sensex and Nifty, declined in early trade on Wednesday as the widening conflict in the Middle East pushed oil prices higher and weighed on Asian and global markets.
Mar 04, 2026 10:30:43 AM IST
Oil prices today LIVE updates: Global oil prices up by 1%; Brent marks highest surge since Jan 2025
Oil prices today LIVE: Diesel’s premium to crude oil increased to its highest since the summer of 2023, with Benchmark diesel futures in Europe trading over $40 per barrel above crude earlier on Tuesday, Bloomberg reported.
Oil prices rose 1 per cent amid the intensifying US-Israeli war, as Brent surged 1.4 per cent to $82.57 per barrel, the highest since January 2025. US West Texas Intermediate crude, meanwhile, rose 1 per cent to $75.28.
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.