Asian stocks fall and oil prices climb after attacks imperil the ceasefire with Iran
Brent crude rose 1.1% to $101.13 a barrel as investors weighed renewed attacks on Iranian targets and fragile U.S.-Iran ceasefire talks.
- On Friday, Asian stocks retreated and oil prices climbed as missile and drone attacks strained the fragile ceasefire with Iran, prompting U.S. retaliatory strikes on military facilities.
- The U.S. Central Command said Thursday that it intercepted "unprovoked" Iranian attacks on Navy ships in the Strait of Hormuz, while the United Arab Emirates reported air defenses were "actively engaging" with a missile and drone attack.
- Benchmark Brent crude climbed 1.1% to $101.13 per barrel, while Tokyo's Nikkei 225 fell 1.1%, Hong Kong's Hang Seng dropped 1.3%, and South Korea's Kospi fell 1.1%.
- President Donald Trump told reporters the ceasefire with Iran remains intact, despite the latest flare-up, as Tehran said Thursday it is still examining the latest proposals from the U.S. for ending the war.
- Oil and fuel prices are expected to remain elevated as long as the Strait of Hormuz remains largely closed, with a continued U.S. sea blockade on Iranian ports further limiting trade and complicating negotiations.
52 Articles
52 Articles
The Columbian
U.S. stocks rise toward records as solid data on the job market overshadows higher oil prices
NEW YORK — U.S. stocks are rising toward records Friday following the latest sign that the nation’s job market is doing better than economists expected. Read more...
Oil prices rose again in electronic trading following readings of a ceasefire break.
The Toronto Star
US stocks rise to records after a solid jobs report overshadows higher oil prices
NEW YORK (AP) — The U.S. stock market rose to records Friday following the latest sign that the nation’s job market is doing better than economists expected.
Times of India
The Economic TimesGlobal Market Today: Asian stocks drop, oil climbs on Iran tensions
Asian stocks retreated from record highs as Middle East tensions escalated, impacting crude oil prices and reviving concerns over energy supplies. US forces responded to Iranian attacks in the Strait of Hormuz, while President Trump issued a stern warning. Despite volatility, investors remain focused on de-escalation efforts and the AI trade.
Last Updated on May 8, 2026 11:43 pm by INDIAN AWAAZ From our Business Correspondent The domestic stock markets closed lower for the second consecutive trading session on Friday due to rising geopolitical tensions between the US and Iran, sharp rise in crude oil prices and weakening of the rupee. Investors grew worried about rising inflation, pressure on India's import bill and global economic uncertainty, leading to selling pressure in the mark…
War between the United States and Iran. Image generated by ChatGPT AI. Asia-Pacific Stock Exchanges The Asian stock exchanges fell on Friday, with Japanese and South Korean markets retreating from historic peaks, after the resumption of military activity between the United States and Iran cooled hopes for an end to the war. South Korea's Kospi was one of the worst indices of the day, with a fall of 1.6% and further away from the historical peaks…
Coverage Details
Bias Distribution
- 49% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
