Japan’s Nikkei 225 and China’s Shanghai Composite were 2% lower.[1]
The US launched a fresh wave of attacks against Iran amid an escalating standoff over the Strait of Hormuz.[1]
What remains disputed or unverified
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The supplied report says the United States launched a fresh wave of attacks against Iran as tensions over the Strait of Hormuz intensified, and that markets reacted quickly to the escalation. Brent crude, the international benchmark for oil prices, rose 4.7% to $79.59 a barrel, while Asian stock markets fell sharply.[1]
Markets react to the escalation
According to the report, South Korea’s Kospi dropped 8%, one of the sharpest moves cited in the update. Japan’s Nikkei 225 and China’s Shanghai Composite were both 2% lower, underscoring the broader selloff across the region.[1]
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