Oil crash Brace yourselves. After talks broke down between OPEC and Russia, Saudi Arabia launched an oil price war. Prices collapsed by more than 25%, and the stock markets are ugly—the Nikkei 225 fell 5.1%, Australia's ASX 200 7.3%, the Hang Seng 4.2%. Europe's Stoxx 600 plunged more than 6%, and U.S. futures look dire. Bloomberg