Crypto News Today [Live] Updates On Mar 9, 2026: Oil Price, NIFTY 50, Bitcoin USD Price

The chances of a U.S. recession in 2026 have climbed to about 41% on the prediction platform Polymarket, according to recent trading data. The rising geopolitical risks and market volatility are driving the shift in sentiment. Growing tensions involving Iran have unsettled global markets and raised concerns about energy supply. Oil flows through the Strait of Hormuz, a key route for global crude shipments, are under close watch. If tensions continue to rise, investors fear higher oil prices and slower global economic growth.

Gold and silver prices fell even as tensions between the U.S. and Iran increased. On COMEX, gold dropped about 1.3% to around $5,090 per ounce, while silver fell nearly 4%. The main reason is profit booking, as many investors sold metals after recent gains. A stronger U.S. dollar and rising bond yields also reduced demand for gold and silver. In times of market stress, prices can move in different directions, and the current situation reflects short-term volatility rather than a clear long-term trend.

Oil markets were shaken after the Strait of Hormuz effectively closed during escalating U.S.–Iran tensions, disrupting about 20 million barrels per day—around 20% of global oil supply. U.S. WTI crude prices jumped nearly 30% in a single day, rising above $115 per barrel, the biggest surge on record. The shock quickly spread to financial markets. Asian stocks fell sharply, with Japan’s Nikkei 225 dropping more than 7% and South Korea’s KOSPI sliding 8%, reflecting growing fears of a global energy and economic crisis.