Business daily

Global markets tank amid Saudi-Russia oil price war

BUSINESS DAILY
BUSINESS DAILY © FRANCE 24

A crash in crude oil prices spreads to the stock markets, in what analysts are calling "Black Monday" - with some of the worst drops since the 2008 financial crisis as Saudi Arabia announces production hikes and price cuts amid a dispute with OPEC+ ally Russia. Meanwhile, coronavirus fears also take a major bite out of the global tourism industry as travellers stay home and an increasing number of countries restrict access to major destinations.