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Global Market Today | Asian stocks decline as oil’s surge saps sentiment
Asian markets fell Thursday as attacks on energy infrastructure in the Middle East pushed oil prices up. Japan's Nikkei 225 saw a significant drop. Higher oil prices are impacting global markets. Investors are trimming risk as the conflict escalates. The US Federal Reserve kept interest rates unchanged, citing inflation uncertainty.
Asian Stocks Sink After Oil Surges 5% and Energy Fears Rise
Asian markets sank on Thursday after the price of oil surged more than 5% and Iran continued its attacks on Gulf energy facilities. Benchmark Brent crude soared past $113 per barrel on Tehran threats to target regional installations after an Israeli hit on a site serving its massive South Pars field, which it shares with Qatar. Iranian missiles struck Qatar’s Ras Laffan, the world’s largest liquefied natural gas (LNG) hub, causing extensive dama…
The declines in Asian stock exchanges occur in a complex context of oil prices reaching record levels due to the conflict in the Middle East, triggered by the US and Israel aggression against Iran 19 days ago.
Asian stocks: Rising oil prices send investors reelingAsian stocks plunged again on Thursday as the US and Israel's war on Iran once again pushed up oil prices, while fears of a
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