Asia-Pacific markets open lower on renewed Middle East tensions
Asia-Pacific markets opened lower due to rising tensions between Iran and the U.S., which have impacted oil prices. The situation escalated after Iran struck Kuwait International Airport, following U.S. military actions against Iranian threats. Israeli Prime Minister Benjamin Netanyahu indicated that both Israel and the U.S. are prepared for further military action if necessary.
- ▪Asia-Pacific markets opened lower on Thursday.
- ▪Tensions between Iran and the U.S. have kept oil prices elevated.
- ▪Israeli Prime Minister Benjamin Netanyahu stated that Israel and the U.S. are ready to strike Iran if needed.
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Asia-Pacific markets opened lower Thursday, tracking Wall Street losses, as tensions between Iran and the U.S. keep oil prices elevated, stoking energy and inflation worries. The Kuwait International Airport was struck by Iran early Wednesday, just a day after the U.S. Central Command said it had defeated multiple Iranian ballistic missiles and drones, as well as launched "self-defense strikes" on Qeshm Island in the Persian Gulf. This was in response to "attempted attacks" by Tehran, it said. If necessary, Israel and the U.S. are prepared to strike Iran again, Israeli Prime Minister Benjamin Netanyahu told CNBC in an exclusive interview."Israel is ready and the U.S. forces are ready. I think Iran should take that into account.
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