Brent crude stays above $100 as Asian stocks decline
Brent crude rose 0.20% to $100.66 amid Middle East tensions, while Asian stocks fell. The Nikkei and Kospi dropped 1.4% and 2.2%, respectively, as the Strait of Hormuz remains effectively shut, raising concerns over growth and inflation.
after close1 source ↓written by the desknot a recommendation
- Brent crude rose
- 0.20%
- a barrel
- $100.66
- the Nikkei
- 1.4%
- and the Kospi
- 53,687.30
- the Kospi falling
- 2.2%
Brent crude rose 0.20% to $100.66 a barrel amid escalating tensions in the Middle East, particularly after Iran threatened oil resources and the Strait of Hormuz remains effectively shut.
Asian markets reacted negatively, with the Nikkei down 1.4% to 53,687.30 and the Kospi falling 2.2% to 5,462.97. The ongoing conflict could further impact growth and inflation.
Not investment advice. For informational purposes only.