Monday, December 22, 2025

Tag: Global oil supply disruption

Oil Prices Surge, Asian Markets Slide After U.S. Bombs Iranian Nuclear Sites

Oil prices surged to a five-month high and Asian markets tumbled after the US joined Israel in striking Iranian nuclear facilities, escalating tensions in the Middle East. Brent crude rose to $81.40 a barrel, while key Asian indices, including Japan’s Nikkei and India’s Sensex, posted losses. Iran warned of “everlasting consequences” and threatened to shut the vital Strait of Hormuz, raising fears of global oil supply disruption and further market volatility.