Asian Markets Retreat After Brief Rally as Iran Tensions Drive Oil Above $100

58 articles · Updated · Reuters · Apr 23

Asian stocks hit record highs before retreating as hopes for an Iran ceasefire faded and oil prices surged above $100 per barrel.
Japan’s Nikkei 225 briefly surpassed 60,000 and South Korea’s Kospi reached new highs, but both indices lost ground amid renewed Middle East tensions.
Uncertainty over Iran peace talks and ongoing disruptions in the Strait of Hormuz have driven energy prices higher, weighing on global investor sentiment.

Are stock markets reacting to the Iran conflict, or was a correction inevitable after recent record highs?

As the largest oil supply shock in history unfolds, which everyday goods will see the sharpest price hikes?

Beyond oil, which critical industries like fertilizers and electronics are most threatened by the blockade?

Can international diplomacy succeed in reopening the Strait of Hormuz where military actions have failed?

How long can the U.S. navy maintain its blockade before the situation escalates into a wider war?

Is the global economy's deep reliance on a single waterway an unmanageable risk for the future?