Tokyo Stocks End Lower as Higher Oil Prices Reignite Inflation Jitters
Brent crude rose to $76 as renewed U.S.-Iran tensions hurt risk appetite, with 13 of 16 major sectors logging losses, analysts said.
- Indian equity benchmark indices, the BSE Sensex and Nifty 50, opened in the red on Wednesday, July 8, 2026, as US strikes on Iran reignited geopolitical tensions and dented global risk appetite.
- Brent crude oil prices surged 2.7% to $76.2 per barrel after the US revoked oil export licenses following projectile attacks on three tankers in the Strait of Hormuz.
- The Sensex slid 0.65% to 77,674.61 and the Nifty fell 0.64% to 24,245.90, as 13 of 16 major sectors logged losses despite gains for oil producers ONGC and Oil India.
- Dr VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, warned "the market is again back to uncertain territory" as higher oil prices threaten to widen India's import bill and squeeze growth.
- Asian shares traded mixed on Wednesday as US futures remained largely flat, with investors grappling with persistent geopolitical concerns and uncertainty surrounding the Federal Reserve's policy outlook.
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28 Articles
Brent crude jumped about 5 percent to above $76 a barrel after Iran fired on commercial ships sailing through the Strait of Hormuz yesterday, and the US responded overnight with military strikes that hit about 80 targets in Iran.
Starting in negative for European Bags with renewed tensions between the United States and Iran. Paris yields 0.56% with Cac 40 at 8.389 points. Frankfurt scores a -0.75% with Dax at 25.274 points. London is down 0.5% with Ftse 100 at 10.612 points. (ANSA)
The U.S. Army launched more than 80 missiles against Iran in response to attacks on commercial ships in the Strait of Ormuz on Tuesday, re-emerging the fear of an interruption of traffic on this vital oil artery.
Chip Stocks Extend Losses as Middle East Tensions Push Oil Prices Higher
Global financial markets have been under pressure as renewed fighting between the United States and Iran threatens the fragile ceasefire reached last month. Fresh U.S. strikes on Iranian military targets, Tehran’s retaliatory attacks on U.S. facilities in the Gulf, and Washington’s decision to restore sanctions on Iranian oil have reignited concerns over energy supplies. The […] The post Chip Stocks Extend Losses as Middle East Tensions Push Oil…
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