Japan Stocks Plunge, Oil Jumps on Iran Crisis
00:00/00:00
Listen to this article
1x
Subscribe now
Listen to the full version
Listen to the full version
A resident fills up his car on Feb. 28 after waiting in line at a gas station in Ramallah in the West Bank. Long lines have appeared outside filing stations after the U.S. and Israel launched military strikes on Iran. Photo: VCG
(Nikkei Asia) — Oil prices soared on Monday morning while Japanese stocks tumbled following U.S. strikes against Iran over the weekend, as tensions in the Middle East have heightened to new levels while fears grow over their impact on trade.
The price of Brent crude, the international benchmark, surged more than 13%, surpassing the $80 per barrel mark when markets opened in Asia on Monday, reaching its highest level since January last year.
You've accessed an article available only to subscribers
VIEW OPTIONS
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.
Share this article
Open WeChat and scan the QR code
Sign in with Google
Sign in with Facebook
Sign in with 财新