Asian markets dip as Gulf tensions, oil prices surge

Strait of Hormuz oil prices Iran

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Asian markets fell Monday amid escalating Gulf tensions and Iran's claim to have closed the Strait of Hormuz, sending oil prices up and reigniting global inflation fears.
Brent crude rose 3.3% to $78.50.

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Asian markets fell Monday amid escalating Gulf tensions and Iran's claim to have closed the Strait of Hormuz, sending oil prices up and reigniting global inflation fears. Brent crude rose 3.3% to $78.50.

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Sujetsoil prices Iran US inflation Asian markets geopolitics

This article was originally published by The Independent World.

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