Asian markets mostly lower, oil surges 4% as US-Iran missile strikes escalate tensions

Seeking Alpha ·

Escalating Middle East friction dragged Asian equity markets mostly lower on Monday, with crude oil jumping roughly 4% (WTI above $74, Brent near $79) following weekend missile exchanges between the U.S. and Iran over Strait of Hormuz shipping routes. The

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Geopolitical risks in the Middle East have surged following a missile clash between the U.S. and Iran in the Strait of Hormuz. Consequently, WTI crude oil prices spiked over 4% to exceed $74, while Asian markets are experiencing a broad decline. Investors are bracing for potential energy supply chain disruptions and shifting toward safe-haven assets.

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The escalation in the Strait of Hormuz poses a significant threat to global energy logistics. The sharp rise in crude prices reflects market anxiety over potential supply bottlenecks.

Furthermore, the resulting uncertainty is dampening investor sentiment across risk-sensitive Asian markets, leading to widespread sell-offs and a retreat into defensive holdings.

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