Last mentioned: Mar 23, 2026
Intensifying hostilities in the Gulf region have sent shockwaves through global markets, causing Asian equities to retreat as investors weigh the risks of a broader regional war. Oil prices remain highly volatile as the threat to critical maritime energy corridors forces a reassessment of global supply chain security and defense postures.
Crude oil prices spiked on Friday following reports of fresh attacks in the Gulf, raising fears of a protracted regional conflict. Conversely, gold prices retreated as the market recalibrated expectations for a swift de-escalation, shifting the focus toward long-term inflationary risks.
Brent crude has surged toward $105 per barrel following a series of Iranian attacks on maritime and energy targets in the Gulf region. This escalation threatens critical global shipping lanes and is expected to trigger immediate increases in fuel surcharges and logistics operating costs.