Oil prices rise again and Asian stocks retreat on the fragile Iran ceasefire

What Happened

Oil prices rose above $97 per barrel on April 9, 2026, as Asian stocks declined amid concerns over a fragile US-Iran ceasefire. Israeli strikes on Lebanon killed and injured hundreds. Iran closed the Strait of Hormuz in response. Tokyo's Nikkei 225 dropped 0.9% to 55,824.30. South Korea's Kospi fell 1.6% to 5,776.03.

Key Entities

AI Tools