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The Economic Times
The Economic Times
World

Global Market Today: Asian stocks drop, oil climbs on Iran tensions

Oil Iran Donald Trump United States Strait of Hormuz Hormuz Middle East Wall Street Journal

Asian stocks pulled back from a record high and crude oil rose as escalating tensions in the Middle East revived concerns over energy supplies, testing the durability of the recent equity rally.

The MSCI Asia Pacific Index fell 0.9% at the open, following clashes between the US and Iran. US stock-index futures erased their losses from the open and traded flat.

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