Asian markets fell on Monday amid renewed tensions in the Middle East and anxiety over the status of the Strait of Hormuz.
Inflation and interest-rate fears returned to the fore after the U.S. launched fresh strikes against Iran and Tehran responded by attacking Gulf Arab states, including Bahrain, Kuwait, Qatar, Jordan and Oman, further straining a fragile ceasefire between the two countries.
Iran announced the closure of the waterway “until further notice”- a claim U.S. military and maritime authorities rejected.
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Asian Shares Retreat After Fresh US-Iran Attacks
2026-07-13 08:39:34
