Asia markets tumble as Middle East conflict spiral with no sign of abating
Asia-Pacific markets tumbled Monday as investors weighed escalating tensions in the Middle East after the U.S. and Iran threatened to intensify military hostilities.
Asia-Pacific markets tumbled Monday as investors weighed escalating tensions in the Middle East after the U.S. and Iran threatened to intensify military hostilities.
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Asia-Pacific markets tumbled Monday as investors weighed escalating tensions in the Middle East after the U.S. and Iran threatened to intensify military hostilities.
Nearby clusters pulled from title, summary, and keyword similarity in PostgreSQL.
The Australian share market fell, Asian shares were generally clobbered and precious metals were a long way off earlier peaks. But it could have been worse.
Trump's statement sent oil lower, while equities jumped. Still, the recovery on Tuesday suggests lingering skepticism over Trump signaling a de-escalation.
PM Narendra Modi said the Iran war is straining supply chains and trade routes, but stressed India's economic fundamentals remain strong.
From sand to concrete, suppliers are bringing in "emergency fuel levies" as petrol prices soar due to the war in the Middle East. Major companies that supply pipes for plumbing are even warning of shortages.
Asia-Pacific markets rose but pared earlier gains as oil prices rebounded, underscoring lingering uncertainty over the trajectory of the Middle East conflict. Grouped from 11 articles across 7 sources.
The IEA’s Fatih Birol warned that damage to energy infrastructure across the Middle East would take some time to repair. Grouped from 2 articles across 2 sources.