On March 13, oil prices are noted to be above $100 per barrel, specifically Brent crude which has crossed the $101 mark, indicating a substantial weekly increase of approximately 9%. This rise is fueled by ongoing tensions in the Strait of Hormuz, which contribute to market anxiety about potential energy supply disruptions. While Asian stock markets exhibit weakness, U.S. futures show signs of recovery as the price of oil fluctuates, influenced by the U.S. granting new exemptions on Russian crude.

The European markets opened negatively, with notable impacts on Italy's stock exchange, where companies related to the petroleum sector, such as Eni and Saipem, are performing well. Conversely, shares of Prysmian have suffered, reflecting a broader downturn for banking sectors. This juxtaposition highlights the significant influence that oil prices and geopolitical stability have on market movements within Europe.

Additionally, fuel prices in Italy are rising, with self-service gasoline averaging at €1.816 and diesel at €2.03. The ongoing increase in fuel prices adds to the cost pressures facing consumers and businesses, leading to potential implications for economic recovery and inflation rates across the region.