Asian Markets Slide as Iran Claims Hormuz Closure | Oil Surges, Inflation Fears Return

Asian markets traded lower after Iran claimed it had closed the Strait of Hormuz, reigniting fears over global energy supplies. Brent crude climbed above $78, while WTI rose above $73 as tensions in the Middle East intensified. Investors are also watching inflation data and the U.S. Federal Reserve for clues on the interest rate outlook. #AsianMarkets #OilPrices #Iran #Hormuz #BrentCrude #StockMarket #Inflation #FederalReserve #GlobalMarkets #BusinessNews Moneycontrol is India’s leading financial portal, offering market news, expert analysis, and powerful tools. A part of Network18, moneycontrol.com is India’s most trusted destination for financial and business news. #live #livenews #latestnews #topnews #moneycontrol #moneycontrollive #businessnews #businessnewslive #stockmarket #stockmarket #sharemarketnews #stockmarketliveupdates Subscribe: https://bit.ly/moneycontrolyoutube Follow us: Visit https://www.moneycontrol.com/ Facebook: /moneycontrol Twitter: /moneycontrolcom Instagram: /moneycontrolcom