Asian stocks retreated on Tuesday as rising U.S.-Iran tensions pushed Brent prices above $91 a barrel and added to worries about inflation and interest rates.
Brent crude futures rose more than 1 percent toward $92 a barrel on concerns about further disruptions to energy supplies through the Strait of Hormuz.
An Iranian official dismissed as “laughable” AI-gen videos shared by U.S. President Donald Trump showing Iran’s oil hub Kharg Island being “blown to smithereens”, with no further details.
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Business News
Asian Shares Slide On Inflation, Rate Hike Concerns
2026-09-01 08:36:35
