World shares mostly lower and oil gains after Wall Street's worst day since start of Iran war
World shares have mostly fallen and oil prices have gained after Wall Street's worst day since the start of the Iran war, amid growing doubts about a de-escalation. The Dow Jones Industrial Average and S&P 500 fell, while oil prices rose due to concerns over supply disruptions in the Strait of Hormuz.
World shares fell on Friday after Wall Street's worst day since the start of the Iran war. In Asia, Tokyo's Nikkei 225 and South Korea's Kospi closed lower, while Hong Kong's Hang Seng and Shanghai Composite index traded higher. Oil prices gained, with Brent crude futures rising 1.6% to $103.51 per barrel. The US dollar rose slightly against the Japanese yen, while gold and silver prices also increased. The war in Iran has led to concerns over global inflation and economic growth, with the Strait of Hormuz largely closed. The US has postponed a threatened attack on Iran's energy facilities, but doubts over a possible end to the war remain.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.