Asia markets open lower as oil surges after U.S. moves to blockade Iran ports
Oil prices surged past $100 after U.S.-Iran talks collapsed and Washington moved toward a naval blockade, setting a cautious tone for Asia markets at the open.
Oil prices surged past $100 after U.S.-Iran talks collapsed and Washington moved toward a naval blockade, setting a cautious tone for Asia markets at the open.
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Oil prices surged past $100 after U.S.-Iran talks collapsed and Washington moved toward a naval blockade, setting a cautious tone for Asia markets at the open.
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Inflation surged in March after an oil shock triggered by the U.S.-Israeli war with Iran, government data showed on Friday. The inflation report matched economists' expectations.
The warning came after a flurry of unusual activity on oil and stock futures markets shortly before Trump said he would pause attacks on Iran.
Crude had stabilised on optimism that a deal could be reached to reopen the Strait of Hormuz
The failure of negotiations at the weekend has raised concerns that the global energy crisis will deepen. Grouped from 66 articles across 12 sources.
Although the market rally cooled on Friday, the S&P 500 still ended the week 3.6% higher. Grouped from 2 articles across 1 sources.
CENTCOM says the blockade will begin at 14:00 GMT, as Iran warns of even higher prices at the pump. Grouped from 3 articles across 3 sources.