Oil prices fall after Trump’s declaration of economic war on Iran

लगानी न्यूज

८ भाद्र २०८३, सोमबार ११:५१August 24, 2026

. Oil prices fell on Monday after US President Donald Trump announced tough economic action against Iran.

Most of TAG_OPEN_div_42 the major indices also fell in early trading in Asian markets. South Korea’s Kospi index, which focuses on the technology sector, fell by 1.4 percent. Markets in Tokyo, Shanghai, Taipei and Wellington also declined, while markets in Sydney, Jakarta and Bangkok also declined. Markets in Manila and Kuala Lumpur remained stable.

Meanwhile, as investor interest in artificial intelligence (AI) grows, market attention is also focused on the upcoming earnings report of US chipmaker Nvidia, one of the world’s most valuable companies.TAG_OPEN_div_39 Investors are both optimistic and concerned about whether the rapid expansion of AI technology will sustain companies’ high investment.

Stephen Innis of SPI Asset Management said that while investment in AI continues, its costs are rising.TAG_OPEN_div_37 According to him, Nvidia has the challenge of demonstrating its ability to generate returns from large investments.

Chinese tech giant Alibaba on Sunday announced plans to issue $10.2 billion worth of new shares in Hong Kong to expand its investment in the AI sector.TAG_OPEN_div_35 The company will use the money to expand its global AI infrastructure and technology.

Hong Kong’s stock market fell more than TAG_OPEN_div_33 two percent on Monday. Fast fashion company Xin announced that it would list shares in Hong Kong on September 1, but it did not have a positive impact on the market. The company’s listing is expected to bring the valuation to about $27 billion.

Meanwhile, US Treasury Secretary Scott Besant is expected to announce plans to increase economic pressure on Iran at a press conference on Monday.TAG_OPEN_div_31 The US has also urged its allies and China to join the campaign.

U.S. Vice President J.D. Vance said the plan to increase economic pressure on Iran was like a “delicate dance.”TAG_OPEN_div_29 Besant also urged China to agree to the US campaign.

Brent crude, meanwhile, fell 2.3 TAG_OPEN_div_27% to $92 a barrel. U.S. crude oil prices have fallen at a similar rate.

Investors’ attention is also focused on this week’s annual gathering of central bank officials, economists and financial sector leaders in Jackson Hole.TAG_OPEN_div_25 They expect more clues about the future direction of U.S. monetary policy.

U.S. TAG_OPEN_div_23 Treasury bond yields have risen due to U.S. inflation and rising government debt. The U.S. federal debt has exceeded $40 trillion.