Asian Markets Slip as Oil Rises Amid Uncertainty of US Involvement in Israel‑Iran Conflict
Asian markets trade mixed and oil edges up as investors await U.S. stance on joining Israel against Iran. Nikkei, Hang Seng, Kospi rise; ASX dips amid geopolitical uncertainty
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Asian stock markets posted mixed results today while oil prices edged higher as investors anxiously awaited a decision from the U.S. on possible military involvement alongside Israel in its conflict with Iran. Wall Street futures dipped following the Juneteenth holiday closure, contributing to risk-off sentiment.
U.S. crude futures rose 15 cents to $73.65 per barrel, and Brent crude increased by 19 cents to $76.89, continuing to hover near recent highs amid concerns over supply disruptions via the Strait of Hormuz.
Investors remain on edge after President Trump indicated a decision on military action might occur within the next two weeks—though diplomacy remains on the table.
Among Asian markets, Japan's Nikkei 225 ticked up 0.1% even as core inflation in May hit 3.7%, putting additional pressure on policymakers.
China’s markets saw modest gains after its central bank held loan prime rates steady.
The Bank of England maintained its main interest rate at 4.25%, attributing uncertainty in the Middle East as a risk factor.
On the currency front, the U.S. dollar softened slightly against the Japanese yen and strengthened versus the euro.
Overall, markets face a cautious tone as geopolitical tensions rise and trade policies—including looming U.S. tariffs—add to investor concerns
