Kathmandu. Stock markets around the world have fallen due to high oil prices.

Iran’s leader Ayatollah Mojtaba Khamenei called for the closure of the Strait of Hormuz and the opening of a new front in the war with the US and Israel. The Strait of Hormuz is an important route for the world’s energy supply, transporting about one-fifth of the world’s oil and gas. Khamenei said publicly that the blockade of the strait “must be used” and that other sensitive fronts would be opened if the war continued. ”

Iran has attacked several energy facilities in the Gulf region this week. Ships have been attacked near Iraq, oil tankers have been attacked in Bahrain and there have been drone attacks on oil fields in Saudi Arabia. Iran has threatened to “burn the region’s oil and gas” if its energy infrastructure or ports are attacked. ’

The International Energy Agency (IEA) has described the crisis as “the biggest supply disruption in world history” as oil prices persist. Brent crude prices have risen significantly, adding uncertainty to global energy markets. The rise in oil prices has also increased the risk of inflation and economic pressure in the global economy.

Meanwhile, U.S. President Donald Trump said the U.S. is the world’s largest oil producer and will benefit from rising prices. But he said his priorities were focused on deterring Iran from a nuclear weapon and providing security to the Middle East and the world. Asian economies appear to be the most vulnerable, as they are heavily dependent on energy imports.

Global stock markets have fallen. Bourses in Tokyo, Hong Kong, Shanghai, Singapore, Seoul, Mumbai, Bangkok, Wellington, Manila and Jakarta were all lower. Market experts have warned that the closure of the Strait of Hormuz will continue to put pressure on the stock market and keep energy prices high.