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Rising Middle East tensions affect oil markets and stock markets

. Although there has been no significant clash in the conflict with Iran for more than a month, there has been uncertainty about the future after the violence erupted again. This has had an impact on the global market. Stock markets around the world fell on Tuesday as oil prices rose by nearly two percent.

Shares of online fast-fashion retailer Shin fell as much as 10 percent after trading began in Hong Kong on Tuesday. Its price fell four percent when trading closed.TAG_OPEN_div_38

The price of Brent crude oil rose 2 percent to $92.35 a barrel. Oil prices rose 2.7 percent on Monday after the United States attacked rocket launch centers on the Iranian island on Sunday. The United States had claimed that it was preparing to plant a mine in the Strait of Hormuz from those launch centers.TAG_OPEN_div_36

TAG_OPEN_div_34 In response, Iran fired missiles at US bases in Jordan. The missiles were intercepted.

The conflict has limited movement through the Strait of Hormuz. About 20 percent of the world’s total oil is transported through this route. Since the start of the conflict, the price of oil has been high, and the price of everything from petroleum products to transportation goods has increased. The price of US benchmark crude oil rose 2.5 percent to $87.84 a barrel.

Germany’TAG_OPEN_div_30 s DAX index fell 1.1% to 25,982.28 in early European trading. Paris’s CAC 40 index fell 0.4% to 8,303.65. Britain’s FTSE 100 index also fell 1.1% to 10,702.25.

Hong Kong’s Hang Seng Index fell 0.9 percent to 25,329.73 and the Shanghai Composite Index fell 0.2 percent to 3,979.89.TAG_OPEN_div_28

Tokyo’TAG_OPEN_div_26 s Nikkei 225 index lost 0.1% to 66,215.34. South Korea’s Kospi Index rose 0.2% to 6,835.80. Australia’s S&P÷ASX 200 index fell 0.1% to 9,066.70.

Meanwhile, the share price of energy companies rose. Shares of Exxon Mobil rose 2.7 percent and Chevron rose 2.1 percent.TAG_OPEN_div_24

The rise in energy prices has put more pressure on inflation that is already high. Inflation is still above the US central bank’s Federal Reserve target of two percent. The rise in energy prices has increased pressure on household spending and consumer confidence, and has further complicated the Federal Reserve’s interest rate policy decisions.

The yield on two-year Treasury bonds, which closely mirrors investor expectations about the Federal Reserve’s next move, held steady at 4.3 TAG_OPEN_div_20 4 percent on Monday. It was at the same level at the end of Friday. At the beginning of 2026, the yield was about 3.50 percent.

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