Asian Stocks Decline as Renewed America-Iran Crossfire Escalates
Asian stocks declined after renewed fighting between the United States and Iran, as Washington carried out airstrikes against Iranian targets, and Iran responded by shelling sites in Qatar, Bahrain, Kuwait, Oman, and Jordan. Additionally, the price of Brent crude rose by 3.9% to reach $78.96 per barrel, while West Texas Intermediate increased by 4% to $74.26. The S&P 500 and Dow Jones indices in the U.S. fell, alongside a decline in the performance of Japanese and South Korean markets, while the Hong Kong index remained slightly higher.
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