US strikes on Iran push oil up, Asian markets tumble

The latest US strikes on Iran have sent crude north of ↑ 2.3% while the majority of Asian equity indices slipped, led by a ↓ 1.1% decline in the Nikkei.

US strikes on Iran trigger energy market volatility

Data from Reuters shows Brent futures at $85.60 per barrel, up $1.90 since the strikes began. Analysts note that the price surge reflects heightened supply‑risk premiums rather than demand fundamentals.

Tehran labeled the attacks “major violations of the cease‑fire agreement.”

Meanwhile, the Hang Seng fell 0.9% and the Shanghai Composite slipped 0.7%. Bloomberg warns that persistent geopolitical tension could depress regional growth forecasts for the remainder of 2026.