The ASX 200 has dived on Monday after the United States struck Iran on the weekend in a major escalation of the ongoing conflict in the Middle East. https://t.co/9L1PVu4dCH
Australia, Asia trading week set to kick off with jitters linked to US attacks on Iran. Fears oil may cross $US100 per barrel after Iran’s parliament reportedly votes to close key oil corridor Strait of Hormuz. Latest: https://t.co/ofEkfvHoQK https://t.co/LO7NOVh4DL
Asia-Pacific markets plunged Monday, after the United States’ attack on three nuclear sites in Iran raised oil prices and investors’ fears of an escalation in the Middle East conflict-CNBC
Asia-Pacific equities opened sharply lower on Monday after the United States carried out airstrikes on three Iranian nuclear facilities over the weekend, heightening concerns of a broader conflict in the Middle East and disrupting risk appetite. Australia’s benchmark S&P/ASX 200 index slid about 0.6 % in the first half-hour of trade, led by declines in technology and consumer stocks, while energy and defence shares advanced. Futures pointed to softer openings for Japan’s Nikkei 225 and Hong Kong’s Hang Seng as investors repositioned for geopolitical risk. Oil prices rose for a second session, with Brent crude trading near US$78.9 a barrel and West Texas Intermediate around US$75.7, each up roughly 2.5 % from late last week. The gains followed reports that Iran’s parliament had voted to close the Strait of Hormuz, a corridor that handles roughly one-fifth of global crude shipments, stoking speculation that prices could breach US$100 if supply is disrupted. Analysts said the strikes have accelerated a flight to defensive assets, lifting gold and pressuring risk-sensitive currencies such as the Australian dollar. Market watchers expect volatility to remain elevated until there is clarity on Tehran’s response and the potential for further U.S. or regional military action.