Hormuz closure costs Europe €127B; escalation risk persists
Published 9 h ago2 sourcesEvidence: Reported
Asian equities fell sharply, with Seoul down over 5%, driven by technology sector losses amid AI-related concerns. Oil prices rose in Asia following incidents involving oil tankers in the Strait of Hormuz, reflecting heightened Middle East tensions. The market impact is twofold: risk-off sentiment from tech selloff and supply risk premium in oil.
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