Oil prices experienced a record 28% surge following production warnings in the Gulf, with diesel costs rising significantly more than petrol due to market volatility and geopolitical tensions.
What caused oil to make its biggest daily jump ever?
Monday, 9 March 2026RSS
Context & Explainers
Joaquim Miranda Sarmento is Portugal’s Finance Minister who gave a hearing before the Budget, Finance and Public Administration Committee about fiscal measures affecting housing. His remarks matter to expats because finance ministry decisions — like exemptions and public guarantees for young homebuyers — influence the property market, taxes and programmes that can affect housing affordability.
AI Summary AvailableG7 holds off on releasing oil reserves despite price spikesRead the synthesized summary with context and explainers
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Other news coverage of this topic
- Efficient diesel price approaches 2 euros11:09pm, 9 Mar 2026 • Observador
- Brent crude price rises 6.76% but closes lower and below 100 dollars10:02pm, 9 Mar 2026 • RTP Notícias
- Diesel sees historic surge: why is diesel rising much more than petrol?9:20pm, 9 Mar 2026 • Expresso
- After climbing to 2022 highs, oil trades back below 100 dollars7:18pm, 9 Mar 2026 • ECO
