As the US and Iran trade air strikes in the vital Strait of Hormuz and Yemen's Houthi rebels step up their campaign against Saudi Arabia, surging oil prices have seen stocks falling across Asia. Investors appear to be holding their breath for the news that the Federal Reserve and other central banks will raise interest rates to tamp down the expected inflation.
Asian stocks fell Thursday and Brent oil held gains a day after breaking the psychological $100 barrier on the back of resurgent Middle East hostilities that have fanned inflation fears.
