Market news for March 12, 2026: Global shares fell as escalating Middle East conflict drove oil past $100, fuelling inflation fears and triggering a worldwide spike in borrowing costs despite a record IEA reserve release plan.

Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.

Written by: Howie Lim (howielim@sph.com.sg)

Produced and edited by: Chai Pei Chieh & Claressa Monteiro

Produced by: BT Podcasts, The Business Times, SPH Media

Produced with AI text-to-speech capabilities

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Oil ‘barrels’ past $100, shares slide, rates spike