Japan's Nikkei 225 share index falls more than 6% as oil soars over $100 a barrel

Japan’s benchmark Nikkei 225 index plunged more than 7% early Monday and other Asian markets also tumbled after oil prices soared to about $114 a barrel due to disruptions from the war in the Middle East, casting a shadow over economies heavily dependent on imported crude and gas from the region. The price for a barrel of Brent crude, was trading at $114.11 a barrel and U.S. benchmark crude jumped to $114.00 a barrel. Crude prices are at their highest level since shortly after Russia invaded Ukraine in 2022.