Dmitriev predicts oil prices will exceed $100 per barrel

Asian and regional outlets focus on how the Iran strikes and higher oil prices hurt large importers such as China and other Asian economies. Reports describe crude prices soaring and Asian stock markets dropping after the US strikes, with concerns that a prolonged shock could squeeze growth and weaken currencies. Some coverage notes that a few energy exporters in the region could benefit from higher prices, but most Asian countries face higher import bills and inflation risks.

• •Regional reports on 2026-03-02 said crude prices were soaring while Asian stock indexes fell after the US strikes on Iran.
• •Coverage from South China Morning Post said China faces an oil squeeze because of the Iran conflict and higher prices.
• •Regional commentary described some countries as "unintended winners" from an Iranian oil shock due to their own export capacity.
• •Asian outlets warned that sustained high oil prices could weigh on regional economic growth and consumer spending.
• •Reports highlighted that many Asian economies are heavily dependent on imported crude that often passes near or through the Strait of Hormuz.