Asian shares extend losses as the war with Iran widens and oil surges higher

Oil ticks up, Asian stocks fall over the Iran war

The US pledged to escort and insure oil tankers traversing the Hormuz Strait in an attempt to head off an energy crisis. The Iran attacks have already caused oil prices to top $80 a barrel, with widespread geopolitical impacts: Iran’s output makes up 13% of China’s imports, and Beijing is likely to lean more heavily on Russia while that flow is disrupted, the Financial Times reported. India may also turn back to Russian gas despite US sanctions.…

Asian shares swoon and Kospi sinks nearly 12%, as the war with Iran widens and oil surges higher

BANGKOK (AP) — Asian shares tumbled Wednesday, with South Korea’s benchmark plunging more than 11%, while oil prices climbed even higher as the war with Iran widened. Worries over Iran have h…

Bank Nifty falls 2% as Middle East conflict drives oil surge, PSU banks lead losses: What lies ahead?

For India, which relies on imports for around 85% of her oil requirements, the real concern is the potential inflation and its consequences on economic growth, says an analyst

Asian shares extend losses, Kospi sinks 10%, as the war with Iran widens and oil surges higher

Asian shares have swooned, with South Korea's benchmark plunging 10%, after a global sell-off for stocks hit Wall Street. Oil prices climbed still higher. Worries over the widening war have hammered most world markets. U.S. futures were down 0.4%. On…

Markets in Europe gain while Asian shares swoon as the war with Iran widens and oil surges higher

European shares have opened higher after another day of sell-offs in Asia, where South Korea's benchmark plunged more than 12%

US stocks rebound after strong economic updates and an easing of oil prices

The U.S. stock market is rebounding after oil prices stopped spiking and reports gave encouraging updates on the economy. The S&P 500 rose 0.8% Wednesday.