---
title: "Asian markets slip as Iran tensions lift oil prices"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286039544.md"
description: "Asian markets experienced a downturn as Brent crude oil prices surged above $105 due to the closure of the Strait of Hormuz, raising supply concerns. The KOSPI in Seoul dropped 3%, and the MSCI Asia ex-Japan index fell 1%, while Tokyo's Nikkei remained unchanged. Geopolitical risks escalated following Trump's rejection of Iran's terms, and his upcoming visit to China is anticipated to result in only symbolic trade gestures."
datetime: "2026-05-12T05:31:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286039544.md)
  - [en](https://longbridge.com/en/news/286039544.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286039544.md)
---

# Asian markets slip as Iran tensions lift oil prices

Oil surge fears: Brent crude rose above $105 as the Strait of Hormuz remained largely closed, intensifying supply concerns. Market reaction: Asian equities were mixed, with Seoul's KOSPI falling 3% and MSCI's Asia ex-Japan index down 1%, while Tokyo's Nikkei was flat. Diplomatic uncertainty: Trump's rejection of Iran's terms deepened geopolitical risks, and his China visit is expected to yield only symbolic trade gestures.

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